TORM plc (CPH:TRMD.A)

TORM plc Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	351.1	271.9	265.5	320.5	144.84	89.51
Cash & Short-Term Investments	369.2	271.9	265.5	320.5	144.84	89.51
Cash Growth	-36.51%	2.41%	-17.16%	121.27%	61.81%	57.46%
Accounts Receivable	196.3	183.9	211	259.5	83.97	58.57
Other Receivables	14.4	25.2	8	3.8	4.3	5.5
Receivables	210.7	209.1	219	263.3	88.27	64.07
Inventory	72.5	68.4	61.7	72	48.81	22.46
Prepaid Expenses	30.4	12.2	15.2	10.4	5.62	2.18
Restricted Cash	11.2	19.3	30.1	3.3	26.89	46.05
Other Current Assets	0.2	34.4	99.7	70.2	48.88	19.38
Total Current Assets	694.2	615.3	691.2	739.7	363.32	243.66
Property, Plant & Equipment	2,783	2,843	2,084	1,865	1,949	1,736
Long-Term Investments	0.3	0.3	0.1	0.3	1.47	1.59
Goodwill	1.7	1.7	1.8	1.8	-	-
Other Intangible Assets	2.5	2	1.8	1.9	-	-
Long-Term Deferred Tax Assets	0.3	3.1	0.4	0.6	0.65	0.34
Other Long-Term Assets	-	-	86	-	12	12.02
Total Assets	3,487	3,470	2,870	2,614	2,331	1,999
Accounts Payable	53.1	50	43.1	48.5	35.33	14.35
Accrued Expenses	-	-	-	-	29.2	34.2
Current Portion of Long-Term Debt	161.4	163.1	170.2	114.6	207.05	100.76
Current Portion of Leases	-	2.2	2.5	2.5	1.9	2.1
Current Income Taxes Payable	0.9	0.7	0.6	2	0.93	1.42
Current Unearned Revenue	5.4	7.5	3.3	0.9	-	-
Other Current Liabilities	51.4	61.9	45.7	37.9	32.78	43.88
Total Current Liabilities	272.2	285.4	265.4	206.4	307.19	196.71
Long-Term Debt	1,011	1,055	882.8	847.3	922.75	733.34
Long-Term Leases	9.5	6.4	4.1	2.5	3.7	6.2
Long-Term Deferred Tax Liabilities	0.2	0.3	3.6	6.1	-	-
Other Long-Term Liabilities	51.2	48.1	48.2	48.2	45.18	44.92
Total Liabilities	1,345	1,395	1,204	1,111	1,279	981.17
Common Stock	1	1	0.9	0.8	0.81	0.75
Additional Paid-In Capital	271.1	271	260	167.6	159.56	102.04
Retained Earnings	1,541	1,472	1,382	1,298	899.47	939.25
Treasury Stock	-4.2	-4.2	-4.2	-4.2	-4.24	-4.24
Comprehensive Income & Other	332.5	334.7	25.2	39.4	-3.42	-20.34
Total Common Equity	2,141	2,074	1,664	1,501	1,052	1,017
Minority Interest	0.8	0.8	1.9	2.3	-	-
Shareholders' Equity	2,142	2,075	1,666	1,504	1,052	1,017
Total Liabilities & Equity	3,487	3,470	2,870	2,614	2,331	1,999
Total Debt	1,182	1,226	1,060	966.9	1,135	842.4
Net Cash (Debt)	-813.1	-954.4	-794.1	-646.4	-990.56	-752.89
Net Cash Per Share	-8.27	-9.91	-9.16	-7.81	-12.63	-10.13
Filing Date Shares Outstanding	97.8	97.32	90.24	81.82	80.74	74.37
Total Common Shares Outstanding	97.8	97.32	85.73	81.82	80.74	74.36
Working Capital	422	329.9	425.8	533.3	56.13	46.95
Book Value Per Share	21.90	21.31	19.41	18.35	13.03	13.68
Tangible Book Value	2,137	2,070	1,661	1,498	1,052	1,017
Tangible Book Value Per Share	21.85	21.27	19.37	18.31	13.03	13.68
Machinery	3,435	3,493	2,618	2,410	2,421	2,136
Construction In Progress	2.4	4.6	4.2	-	-	-

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.