TORM Balance Sheet Health
Financial Health criteria checks 4/6
TORM has a total shareholder equity of $1.7B and total debt of $1.1B, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are $2.9B and $1.2B respectively. TORM's EBIT is $648.2M making its interest coverage ratio 15.5. It has cash and short-term investments of $265.5M.
Key information
63.2%
Debt to equity ratio
US$1.05b
Debt
Interest coverage ratio | 15.5x |
Cash | US$265.54m |
Equity | US$1.67b |
Total liabilities | US$1.20b |
Total assets | US$2.87b |
Recent financial health updates
No updates
Recent updates
TORM 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 18TORM plc Brought Exceptional H1 Results, But There Is A Catch
Nov 02Financial Position Analysis
Short Term Liabilities: TRMD's short term assets ($691.3M) exceed its short term liabilities ($265.5M).
Long Term Liabilities: TRMD's short term assets ($691.3M) do not cover its long term liabilities ($938.7M).
Debt to Equity History and Analysis
Debt Level: TRMD's net debt to equity ratio (47.3%) is considered high.
Reducing Debt: TRMD's debt to equity ratio has reduced from 85.5% to 63.2% over the past 5 years.
Debt Coverage: TRMD's debt is well covered by operating cash flow (76.5%).
Interest Coverage: TRMD's interest payments on its debt are well covered by EBIT (15.5x coverage).