TORM plc (TRMD)

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	Jun 30, 2025	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	170.9	183.9	211	259.5	83.97	58.57
Other Receivables	30.9	25.2	8	3.8	4.3	5.5
Receivables	201.8	209.1	219	263.3	88.27	64.07
Inventory	69.5	68.4	61.7	72	48.81	22.46
Prepaid Expenses	10.6	12.2	15.2	10.4	5.62	2.18
Restricted Cash	369.8	19.3	30.1	3.3	26.89	46.05
Other Current Assets	31.1	34.4	99.7	70.2	48.88	19.38
Total Current Assets	682.8	615.3	691.2	739.7	363.32	243.66
Property, Plant & Equipment	2,705	2,843	2,084	1,865	1,949	1,736
Long-Term Investments	0.2	0.3	0.1	0.3	1.47	1.59
Goodwill	1.8	1.7	1.8	1.8	-	-
Other Intangible Assets	2.3	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	3,397	3,470	2,870	2,614	2,331	1,999
Accounts Payable	45.2	50	43.1	48.5	35.33	14.35
Accrued Expenses	-	-	-	-	29.2	34.2
Current Portion of Long-Term Debt	156.2	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	1.3	0.7	0.6	2	0.93	1.42
Current Unearned Revenue	5.6	7.5	3.3	0.9	-	-
Other Current Liabilities	57.8	61.9	45.7	37.9	32.78	43.88
Total Current Liabilities	266.1	285.4	265.4	206.4	307.19	196.71
Long-Term Debt	969.8	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	0.3	3.6	6.1	-	-
Other Long-Term Liabilities	53.2	48.1	48.2	48.2	45.18	44.92
Total Liabilities	1,289	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	91.1	271	260	167.6	159.56	102.04
Retained Earnings	1,604	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	410.8	334.7	25.2	39.4	-3.42	-20.34
Total Common Equity	2,107	2,074	1,664	1,501	1,052	1,017
Minority Interest	-	0.8	1.9	2.3	-	-
Shareholders' Equity	2,107	2,075	1,666	1,504	1,052	1,017
Total Liabilities & Equity	3,397	3,470	2,870	2,614	2,331	1,999
Total Debt	1,126	1,226	1,060	966.9	1,135	842.4
Net Cash (Debt)	-1,126	-954.4	-794.1	-646.4	-990.56	-752.89
Net Cash Per Share	-11.32	-9.91	-9.16	-7.81	-12.63	-10.13
Filing Date Shares Outstanding	97.67	97.32	90.24	81.82	80.74	74.37
Total Common Shares Outstanding	97.67	97.32	85.73	81.82	80.74	74.36
Working Capital	416.7	329.9	425.8	533.3	56.13	46.95
Book Value Per Share	21.58	21.31	19.41	18.35	13.03	13.68
Tangible Book Value	2,103	2,070	1,661	1,498	1,052	1,017
Tangible Book Value Per Share	21.53	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 May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q