TORM Balance Sheet Health
Financial Health criteria checks 5/6
TORM has a total shareholder equity of $2.0B and total debt of $1.2B, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are $3.4B and $1.4B respectively. TORM's EBIT is $686.0M making its interest coverage ratio 17.1. It has cash and short-term investments of $414.3M.
Key information
58.9%
Debt to equity ratio
US$1.20b
Debt
| Interest coverage ratio | 17.1x |
| Cash | US$414.30m |
| Equity | US$2.04b |
| Total liabilities | US$1.37b |
| Total assets | US$3.41b |
Recent financial health updates
No updates
Recent updates
TORM Stock Could Be A Great Value Investment For The Next Few Years
Dec 12TORM: Making Sense Of The Collapse And What To Do From Here
Nov 20TORM plc: Double-Digit Yields And Attractive Discount To NAV (Rating Upgrade)
Nov 1222% Yielding TORM: A Very Buyable Crash (Rating Upgrade)
Sep 16How Good Is TORM's 22% Yield?
Sep 07TORM: Still Making Cash, A 15% Yield, And More Room To Run
Jul 25TORM PLC: Check Out That 16% Forward Yield
May 17TORM Stock Is Still Cheap And Well Positioned
May 01TORM plc: A Luring Dividend Yield And Skewed Risk Reward (Rating Downgrade)
Mar 27My TORM Pick In 2021 Smoked All Big Tech Gains
Feb 13TORM: Still Great Value To Be Unlocked
Jan 10TORM: Further Increase In Charter Equivalent Rates Would Mean Higher Stock Price
Sep 07TORM goes ex-dividend tomorrow
Aug 30TORM GAAP EPS of $1.31, revenue of $338.5M
Aug 18Financial Position Analysis
Short Term Liabilities: TRMD's short term assets ($694.6M) exceed its short term liabilities ($280.8M).
Long Term Liabilities: TRMD's short term assets ($694.6M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TRMD's net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: TRMD's debt to equity ratio has reduced from 78.1% to 58.9% over the past 5 years.
Debt Coverage: TRMD's debt is well covered by operating cash flow (75%).
Interest Coverage: TRMD's interest payments on its debt are well covered by EBIT (17.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 12:51 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TORM plc is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Marcus Bellander | Carnegie Investment Bank AB |
| Håvard Lie | Danske Bank |
| Jonathan Chappell | Evercore ISI |