TORM
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has TORM's balance sheet done over the years? Its assets were worth $2,870,147,000 last year, which is more than in the previous period. 42% of TORM’s total assets is currently financed by debt. Its liabilities reached the amount of $1,204,164,000, which means an increase by 8% compared compared to last year.
Debt to Assets
| 2014 | 1384249000 | 1.54B | 111.85% |
|---|---|---|---|
| 2015 | 1867441000 | 891.46M | 47.74% |
| 2016 | 1571254000 | 790.67M | 50.32% |
| 2017 | 1646575000 | 855.52M | 51.96% |
| 2018 | 1714400000 | 867.18M | 50.58% |
| 2019 | 2003881000 | 996.19M | 49.71% |
| 2020 | 1998643000 | 981.17M | 49.09% |
| 2021 | 2331000000 | 1.27B | 54.86% |
| 2022 | 2614176000 | 1.11B | 42.48% |
| 2023 | 2870147000 | 1.20B | 41.95% |
TRMD Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 265.5M | 320.5M | 171.7M | 89.5M | 72.48M | 127.36M | 134.20M | 75.97M | 168.25M | 44.63M |
Short term investments | 43K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 219M | 263.27M | 124M | 79M | 95.53M | 89.79M | 83.06M | 70.66M | 88.87M | 35.96M |
Inventory | 61.74M | 72.03M | 48.8M | 22.45M | 34.83M | 39.40M | 33.20M | 31.61M | 25.55M | 23.86M |
Other current assets | 145.04M | 26K | -33K | -81K | -32K | -12K | 10.97M | 31.61M | 5.92M | 65.92M |
Total current assets | 691.29M | 739.71M | 363.3M | 243.65M | 215.91M | 269.30M | 261.45M | 181.27M | 288.61M | 153.27M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 2.16B | 1.86B | 1.96B | 1.74B | 1.78B | 1.44B | 1.38B | 1.56B | 1.56B | 1.21B |
Goodwill | 1.79M | 1.83M | 0 | 0 | 0 | 0 | 0 | 0 | 11.4M | 0 |
Intangible assets | 1.85M | 1.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3M |
Long term investments | 77K | 273K | 1.5M | 1.58M | 1.17M | 76K | 329K | 326K | 339K | 11.81M |
Other non-current assets | 6.88M | 4.56M | 42K | 34K | 4.59M | -78K | 0 | -173.47M | -15K | 64K |
Total non-current assets | 2.17B | 1.87B | 1.96B | 1.75B | 1.78B | 1.44B | 1.38B | 1.38B | 1.57B | 1.23B |
Total assets | 2.87B | 2.61B | 2.33B | 1.99B | 2.00B | 1.71B | 1.64B | 1.57B | 1.86B | 1.38B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 885K | 19.2M | 53.91M | 4K | 59K | 143K | 195K | 440K | 2.34M |
Short term debt | 172.66M | 117.10M | 209M | 102.85M | 99.02M | 94.42M | 94.61M | 89.27M | 49.35M | 107.90M |
Total current liabilities | 265.49M | 206.38M | 307.2M | 196.70M | 194.94M | 167.11M | 156.12M | 151.79M | 115.89M | 169.30M |
| Non-current liabilities: | ||||||||||
Long term debt | 886.89M | 849.81M | 926.4M | 739.54M | 756.35M | 655.16M | 654.49M | 593.91M | 730.46M | 1.33B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 48.19M | 48.21M | 45.2M | 44.92M | 700.1M | 700.1M | 0 | 44.96M | 0 | 0 |
Total non-current liabilities | 938.66M | 904.11M | 971.6M | 784.46M | 801.25M | 700.07M | 699.39M | 638.87M | 775.57M | 1.37B |
Total liabilities | 1.20B | 1.11B | 1.27B | 981.17M | 996.19M | 867.18M | 855.52M | 790.67M | 891.46M | 1.54B |
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