TORM Balance Sheet
NASDAQ: TRMDConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
TORM financial position
At the end of fiscal 2025, TORM reported total assets of $3.37 billion, down 3.0% from a year earlier against total liabilities of $1.16 billion. Shareholders' equity stood at $2.20 billion, or 65.4% of assets. The company held $158.1 million in cash and equivalents against $1.00 billion of debt, a net debt position of $845.0 million.
The current ratio (current assets divided by current liabilities) was 1.33, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.46.
Summary generated from market data by MetaCap's automated system. Methodology
TORM balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 158.10M | 271.90M | 265.50M | 320.50M | 144.80M | 89.51M | 56.85M | 124.09M | 132.95M | 74.12M |
| Inventory | 66.50M | 68.40M | 61.70M | 72.00M | 48.81M | 22.46M | — | — | — | — |
| Total Current Assets | 531.90M | 615.30M | 691.20M | 739.70M | 363.32M | 243.66M | 215.91M | 269.30M | 261.45M | 181.28M |
| Property, Plant & Equipment | — | — | — | 1.87B | 1.96B | 1.75B | 1.78B | 1.45B | 1.38B | 1.39B |
| Goodwill | 1.80M | 1.70M | 1.80M | 1.80M | 0 | 0 | — | 0 | 0 | 0 |
| Intangible Assets | 4.00M | 2.00M | 1.80M | 1.90M | 0 | — | — | — | — | — |
| Total Assets | 3.37B | 3.47B | 2.87B | 2.61B | 2.33B | 2.00B | 2.00B | 1.71B | 1.65B | 1.57B |
| Short-Term Debt | 288.80M | 165.30M | 172.70M | 117.10M | 208.95M | 102.86M | 99.03M | 185.69M | 177.72M | 151.55M |
| Total Current Liabilities | 401.40M | 285.40M | 265.40M | 206.40M | 307.19M | 196.71M | 194.94M | 167.12M | 156.13M | 151.80M |
| Long-Term Debt | 714.30M | 1.06B | 886.90M | 849.80M | 926.45M | 739.54M | 756.35M | 655.16M | 651.60M | 595.70M |
| Total Liabilities | 1.16B | 1.39B | 1.20B | 1.11B | 1.28B | 981.17M | 996.19M | 867.19M | 855.52M | 790.68M |
| Shareholders' Equity | 2.20B | 2.07B | 1.66B | 1.50B | 1.05B | 1.02B | 1.01B | 847.21M | 791.05M | 780.58M |
| Retained Earnings | 1.79B | 1.47B | 1.38B | 1.30B | 899.47M | 939.25M | 919.96M | 752.11M | 785.73M | 782.53M |
| Total Debt | 1.00B | 1.23B | 1.06B | 966.90M | 1.14B | 842.40M | 855.38M | 840.85M | 829.32M | 747.25M |
| Net Cash (Debt) | -845.00M | -954.40M | -794.10M | -646.40M | -990.60M | -752.89M | -798.53M | -716.76M | -696.37M | -673.13M |
| Shares Outstanding | 101.30M | 97.30M | 85.70M | 81.80M | 80.70M | 74.40M | — | — | — | — |
This table shows 10 annual periods of TORM's balance sheet, from FY 2025 back to FY 2016, across 16 line items including cash & equivalents, inventory, total current assets. Values in USD; B = billions, M = millions. Fiscal periods follow TRMD's reporting calendar. What is a balance sheet?