TORM plc (TRMD) quarterly balance sheet — complete assets, liabilities & equity history
TORM plc (TRMD) balance sheet — 26-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 900.68M | 843.54M | 575.53M | 530.74M | 515.69M | 682.8M | 694.2M | 615.3M | 694.6M | 915.9M | 961.8M | 691.2M | 675.1M | 688.2M | 798.8M | 739.7M | 651.2M | 563.8M | 355.9M | 363.32M |
| Cash & Short-Term Investments | 446.51M | 366.87M | 196.41M | 163.14M | 218.85M | 369.8M | 362.3M | 271.9M | 398.3M | 532.4M | 559.6M | 265.5M | 270.7M | 269M | 410.7M | 320.5M | 238.5M | 157.7M | 74.9M | 144.8M |
| Cash Only | 446.51M | 366.87M | 196.41M | 163.14M | 218.85M | 369.8M | 362.3M | 271.9M | 398.3M | 532.4M | 559.6M | 265.5M | 270.7M | 269M | 410.7M | 320.5M | 238.5M | 157.7M | 74.9M | 144.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 347.79M | 349.24M | 282.31M | 237.88M | 208.29M | 201.8M | 229M | 209.1M | 220.1M | 289.5M | 322.1M | 219.7M | 293M | 329.1M | 290.9M | 263.3M | 326.4M | 249.2M | 164.9M | 88.3M |
| Days Sales Outstanding | 65.35 | 44.26 | 59.14 | 57.82 | 54.98 | 62.19 | 59.9 | 64.65 | 63 | 63.58 | 55.51 | 60.82 | 79.91 | 73.41 | 63.91 | 60.64 | 59.09 | 55.66 | 54.41 | 47.16 |
| Inventory | 91.35M | 111.4M | 82.5M | 66.36M | 64.75M | 69.5M | 72.5M | 68.17M | 64.3M | 69.4M | 70.4M | 61.7M | 70.6M | 66.9M | 70.9M | 72M | 72.4M | 78.3M | 58.6M | 48.81M |
| Days Inventory Outstanding | 34.42 | 31.81 | 28.13 | 27.39 | 28.23 | 41.13 | 38.67 | 42.73 | 39.58 | 40.46 | 38.68 | 38.1 | 41.72 | 56.43 | 40.93 | 44.37 | 42.22 | 38.12 | 39.88 | 36.34 |
| Other Current Assets | 0 | 0 | 0 | 24.35M | 11.95M | 31.1M | 0 | 53.97M | 0 | 12.4M | 0 | 129.1M | 27.8M | 10.8M | 0 | 73.5M | 0 | 69.2M | 50.3M | 75.78M |
| Total Non-Current Assets | 2.93B | 2.97B | 2.96B | 2.83B | 2.67B | 2.71B | 2.79B | 2.85B | 2.72B | 2.55B | 2.55B | 2.18B | 2.13B | 2.17B | 2.07B | 1.87B | 1.89B | 1.86B | 1.96B | 1.97B |
| Property, Plant & Equipment | 2.91B | 2.95B | 2.94B | 2.82B | 2.66B | 2.7B | 2.78B | 2.84B | 2.71B | 2.54B | 2.54B | 2.17B | 2.12B | 2.16B | 2.06B | 1.87B | 1.89B | 1.85B | 1.95B | 1.96B |
| Fixed Asset Turnover | 0.17x | 0.22x | 0.14x | 0.13x | 0.13x | 0.11x | 0.12x | 0.11x | 0.14x | 0.17x | 0.19x | 0.18x | 0.17x | 0.18x | 0.20x | 0.24x | 0.24x | 0.18x | 0.11x | 0.10x |
| Goodwill | 1.89M | 1.89M | 1.8M | 1.8M | 1.79M | 1.8M | 1.7M | 1.7M | 1.8M | 1.8M | 1.8M | 1.8M | 1.7M | 1.8M | 1.8M | 1.8M | 1.9M | 0 | 0 | 0 |
| Intangible Assets | 9.95M | 4.18M | 3.9M | 3.99M | 2.39M | 2.3M | 2.5M | 2M | 2.2M | 2.2M | 1.9M | 1.8M | 1.7M | 1.8M | 1.8M | 1.9M | 500K | 0 | 0 | 0 |
| Long-Term Investments | 7.96M | 7.37M | 8.5M | 7.08M | 4.68M | 200K | 300K | 300K | 700K | 600K | 700K | 100K | 100K | 0 | 1.6M | 300K | 300K | 1.7M | 1.6M | 1.47M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 4.5M | 4.5M | 4.5M | 4.5M | 4.5M | 4.5M | 4.5M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.66M |
| Total Assets | 3.83B | 3.81B | 3.53B | 3.36B | 3.19B | 3.4B | 3.49B | 3.47B | 3.41B | 3.47B | 3.51B | 2.87B | 2.81B | 2.86B | 2.86B | 2.61B | 2.55B | 2.42B | 2.32B | 2.33B |
| Asset Turnover | 0.13x | 0.18x | 0.11x | 0.11x | 0.10x | 0.09x | 0.09x | 0.09x | 0.11x | 0.13x | 0.14x | 0.14x | 0.13x | 0.13x | 0.14x | 0.17x | 0.18x | 0.14x | 0.09x | 0.08x |
| Asset Growth % | 20.25% | 12.15% | 1.31% | -3.17% | -6.72% | -1.99% | -0.6% | 20.89% | 21.6% | 21.15% | 22.46% | 9.79% | 10.33% | 18.15% | 23.69% | 12.15% | 13.86% | 10.69% | 15.83% | 16.63% |
| Total Current Liabilities | 302.71M | 371.36M | 410.92M | 400.53M | 218.05M | 266.1M | 272.2M | 285.4M | 280.8M | 287.7M | 265.1M | 265.4M | 289.5M | 385.4M | 241.4M | 206.4M | 213.1M | 250.5M | 221.5M | 307.19M |
| Accounts Payable | 70.55M | 81.5M | 67.2M | 40.91M | 35.96M | 45.2M | 53.1M | 50M | 41.1M | 47.4M | 41.7M | 43.1M | 45.6M | 38.5M | 46M | 48.5M | 40.8M | 50.1M | 35.6M | 35.33M |
| Days Payables Outstanding | 25.82 | 24.4 | 20.43 | 16.06 | 17.07 | 28.47 | 28.34 | 29.39 | 26.2 | 25.79 | 24.83 | 25.55 | 25.52 | 34.61 | 27.07 | 27.44 | 25.47 | 23.86 | 26.34 | 25.63 |
| Short-Term Debt | 167.38M | 236.14M | 286.71M | 288.17M | 121.43M | 156.2M | 161.4M | 165.3M | 168.7M | 175M | 182.9M | 172.7M | 194.2M | 297.5M | 136.5M | 117.1M | 115.2M | 133.6M | 131.6M | 208.95M |
| Deferred Revenue (Current) | 0 | 6.58M | 2.6M | 2.29M | 1.89M | 5.6M | 5.4M | 7.5M | 9.7M | 6.1M | 1.5M | 3.3M | 1.9M | 800K | 200K | 900K | 3.8M | 0 | 0 | 0 |
| Other Current Liabilities | 64.18M | 47.03M | 53.7M | 68.85M | 57.18M | 57.8M | 51.4M | 61.9M | 59.5M | 57.7M | 37.9M | 45.7M | 46.2M | 47.3M | 57.7M | 37.9M | 51.8M | 65.7M | 53.4M | 32.78M |
| Current Ratio | 2.98x | 2.27x | 1.40x | 1.33x | 2.37x | 2.57x | 2.55x | 2.16x | 2.47x | 3.18x | 3.63x | 2.60x | 2.33x | 1.79x | 3.31x | 3.58x | 3.06x | 2.25x | 1.61x | 1.18x |
| Quick Ratio | 2.67x | 1.97x | 1.20x | 1.16x | 2.07x | 2.30x | 2.28x | 1.92x | 2.24x | 2.94x | 3.36x | 2.37x | 2.09x | 1.61x | 3.02x | 3.23x | 2.72x | 1.94x | 1.34x | 1.02x |
| Cash Conversion Cycle | 73.96 | 51.67 | 66.84 | 69.15 | 66.14 | 74.84 | 70.23 | 77.99 | 76.38 | 78.25 | 69.36 | 73.37 | 96.12 | 95.23 | 77.78 | 77.57 | 75.84 | 69.92 | 67.96 | 57.88 |
| Total Non-Current Liabilities | 1.02B | 896.95M | 848.44M | 761.34M | 822.89M | 1.02B | 1.07B | 1.11B | 1.09B | 1.13B | 1.18B | 938.7M | 949.5M | 908.9M | 966.1M | 904.1M | 928.6M | 955.9M | 999.8M | 971.63M |
| Long-Term Debt | 956.21M | 826.91M | 785.14M | 712.74M | 764.02M | 960.5M | 1.02B | 1.06B | 1.04B | 1.08B | 1.12B | 886.9M | 893.8M | 856.2M | 913.6M | 849.8M | 880.3M | 910.7M | 954.6M | 926.45M |
| Capital Lease Obligations | 8.66M | 9.27M | 10M | 10.68M | 10.46M | 9.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 3.88M | 1.99M | 200.01K | 199.56K | 199.22K | 300K | 200K | 300K | 300K | 2.4M | 4.7M | 3.6M | 7.5M | 4.6M | 4.4M | 6.1M | 100K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 48.16M | 58.79M | 53.1M | 37.72M | 48.21M | 53.2M | 51.2M | 48.1M | 48.1M | 48.7M | 50.1M | 48.2M | 48.2M | 48.1M | 48.1M | 48.2M | 48.2M | 45.2M | 45.2M | 45.18M |
| Total Liabilities | 1.32B | 1.27B | 1.26B | 1.16B | 1.04B | 1.29B | 1.34B | 1.39B | 1.37B | 1.42B | 1.44B | 1.2B | 1.24B | 1.29B | 1.21B | 1.11B | 1.14B | 1.21B | 1.22B | 1.28B |
| Total Debt | 1.13B | 1.07B | 1.08B | 1.01B | 895.91M | 1.13B | 1.18B | 1.23B | 1.21B | 1.26B | 1.31B | 1.06B | 1.09B | 1.15B | 1.05B | 966.9M | 995.5M | 1.04B | 1.09B | 1.14B |
| Net Debt | 685.73M | 705.44M | 885.44M | 848.45M | 677.06M | 756.2M | 820M | 954.4M | 814M | 725.6M | 746.2M | 794.1M | 817.3M | 884.7M | 639.4M | 646.4M | 757M | 886.6M | 1.01B | 990.6M |
| Debt / Equity | 0.45x | 0.42x | 0.48x | 0.46x | 0.42x | 0.53x | 0.55x | 0.59x | 0.59x | 0.62x | 0.63x | 0.64x | 0.69x | 0.74x | 0.63x | 0.64x | 0.71x | 0.86x | 0.99x | 1.08x |
| Debt / EBITDA | 5.83x | 2.63x | 5.58x | 6.55x | 5.95x | 8.89x | 8.72x | 8.62x | 6.32x | 5.01x | 4.91x | 4.52x | 6.11x | 4.87x | 5.29x | 3.62x | 3.79x | 6.82x | 18.79x | 29.08x |
| Net Debt / EBITDA | 3.53x | 1.73x | 4.57x | 5.49x | 4.50x | 5.97x | 6.05x | 6.71x | 4.25x | 2.89x | 2.81x | 3.39x | 4.59x | 3.73x | 3.22x | 2.42x | 2.88x | 5.79x | 17.50x | 25.37x |
| Interest Coverage | 11.57x | 19.43x | 7.56x | 6.73x | 4.32x | 4.39x | 4.84x | 4.98x | 8.11x | 11.22x | 12.52x | 14.24x | 8.74x | 11.24x | 13.41x | 18.04x | 18.38x | 9.92x | 1.90x | 0.14x |
| Total Equity | 2.51B | 2.54B | 2.27B | 2.2B | 2.14B | 2.11B | 2.14B | 2.07B | 2.04B | 2.04B | 2.06B | 1.67B | 1.57B | 1.57B | 1.66B | 1.5B | 1.4B | 1.21B | 1.09B | 1.05B |
| Equity Growth % | 17.09% | 20.59% | 6.11% | 5.93% | 5.02% | 3.11% | 3.74% | 24.54% | 30.13% | 30.48% | 24.63% | 10.79% | 11.81% | 28.95% | 51.38% | 42.91% | 33.66% | 15.95% | 9.06% | 3.41% |
| Book Value per Share | 24.05 | 24.39 | 22.00 | 22.03 | 21.27 | 20.91 | 21.27 | 21.21 | 21.05 | 21.20 | 22.30 | 19.05 | 17.93 | 18.07 | 19.42 | 17.93 | 17.00 | 14.96 | 13.55 | 13.04 |
| Total Shareholders' Equity | 2.51B | 2.54B | 2.27B | 2.2B | 2.14B | 2.11B | 2.14B | 2.07B | 2.04B | 2.04B | 2.06B | 1.66B | 1.57B | 1.56B | 1.65B | 1.5B | 1.4B | 1.21B | 1.09B | 1.05B |
| Common Stock | 995.12K | 996.39K | 1M | 997.82K | 996.12K | 1M | 1M | 1M | 1M | 1M | 1M | 900K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 812K |
| Retained Earnings | 2.36B | 2.25B | 1.92B | 1.79B | 1.69B | 1.6B | 1.54B | 1.47B | 1.5B | 1.53B | 1.6B | 1.38B | 1.31B | 1.31B | 1.45B | 1.3B | 1.19B | 1.02B | 910.5M | 899.47M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -4.2M | -4.19M | -4.2M | -4.2M | -4.2M | -4.2M | -4.2M | -4.2M | -4.2M | -4.2M | -4.2M | -4.2M | -4.2M | -4.24M |
| Accumulated OCI | 12.34M | 159.22M | 230.41M | 301.84M | 366.47M | 410.8M | 332.5M | 334.7M | 335.3M | 344.2M | 26.2M | 25.2M | 35M | 36.3M | 31.1M | 39.4M | 50.4M | 35.6M | 26.5M | -3.42M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 800K | 800K | 1.4M | 1M | 1.4M | 1.9M | 1.9M | 1.9M | 2.4M | 2.3M | 2.4M | 0 | 0 | 0 |