TORM plc (CPH: TRMD.A)

TORM plc Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	2023	2022	2021	2020	2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	527.1	265.54	320.46	144.84	89.51	56.85
Cash & Short-Term Investments	562.2	265.54	320.46	144.84	89.51	56.85
Cash Growth	95.01%	-17.14%	121.24%	61.81%	57.46%	-54.19%
Accounts Receivable	244.1	211.02	259.48	83.97	58.57	89.83
Other Receivables	10.8	8	3.8	4.3	5.5	5.67
Receivables	254.9	219.02	263.28	88.27	64.07	95.5
Inventory	69.4	61.74	72.03	48.81	22.46	34.84
Prepaid Expenses	12.2	15.19	10.37	5.62	2.18	3.47
Restricted Cash	5.3	30.09	3.35	26.89	46.05	15.64
Other Current Assets	11.9	99.72	70.23	48.88	19.38	9.63
Total Current Assets	915.9	691.29	739.71	363.32	243.66	215.91
Property, Plant & Equipment	2,540	2,084	1,865	1,949	1,736	1,687
Long-Term Investments	0.6	0.08	0.27	1.47	1.59	1.17
Goodwill	1.8	1.8	1.84	-	-	-
Other Intangible Assets	2.2	1.85	1.94	-	-	-
Long-Term Deferred Tax Assets	0.3	0.43	0.56	0.65	0.34	-
Other Long-Term Assets	-	85.98	-	12	12.02	95
Total Assets	3,466	2,870	2,614	2,331	1,999	2,004
Accounts Payable	47.4	43.05	48.5	35.33	14.35	47.12
Accrued Expenses	-	-	-	29.2	34.2	32.4
Current Portion of Long-Term Debt	175	170.17	114.61	207.05	100.76	78.63
Current Portion of Leases	-	2.5	2.5	1.9	2.1	20.4
Current Income Taxes Payable	1.5	0.65	1.95	0.93	1.42	1.48
Current Unearned Revenue	6.1	3.37	0.89	-	-	0
Other Current Liabilities	57.7	45.76	37.94	32.78	43.88	14.92
Total Current Liabilities	287.7	265.5	206.39	307.19	196.71	194.94
Long-Term Debt	1,078	882.8	847.32	922.75	733.34	746.15
Long-Term Leases	4.8	4.1	2.5	3.7	6.2	10.2
Long-Term Deferred Tax Liabilities	2.4	3.58	6.08	-	-	-
Other Long-Term Liabilities	48.7	48.19	48.21	45.18	44.92	44.9
Total Liabilities	1,422	1,204	1,111	1,279	981.17	996.19
Common Stock	1	0.86	0.82	0.81	0.75	0.75
Additional Paid-In Capital	167.1	260	167.53	159.56	102.04	101.29
Retained Earnings	1,535	1,382	1,298	899.47	939.25	919.96
Treasury Stock	-4.2	-4.24	-4.24	-4.24	-4.24	-2.89
Comprensive Income & Other	344.2	25.14	39.43	-3.42	-20.34	-11.42
Total Common Equity	2,043	1,664	1,501	1,052	1,017	1,008
Minority Interest	1	2	2.35	-	-	-
Shareholders' Equity	2,044	1,666	1,504	1,052	1,017	1,008
Total Liabilities & Equity	3,466	2,870	2,614	2,331	1,999	2,004
Total Debt	1,258	1,060	966.93	1,135	842.4	855.38
Net Cash (Debt)	-695.8	-794.02	-646.47	-990.56	-752.89	-798.53
Net Cash Per Share	-7.65	-9.16	-7.81	-12.63	-10.13	-10.79
Filing Date Shares Outstanding	94	90.24	81.82	80.74	74.37	74.44
Total Common Shares Outstanding	94	85.73	81.82	80.74	74.36	74.44
Working Capital	628.2	425.79	533.32	56.13	46.95	20.97
Book Value Per Share	21.73	19.41	18.35	13.03	13.68	13.54
Tangible Book Value	2,039	1,660	1,498	1,052	1,017	1,008
Tangible Book Value Per Share	21.69	19.37	18.30	13.03	13.68	13.54
Machinery	3,129	2,616	2,409	2,421	2,136	2,000
Construction In Progress	3.9	4.16	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.