TORM plc (TRMD)

TORM plc Balance Sheet

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

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

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

SEC Filings: 10-K · 10-Q