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TORM (OCSE:TRMD A) Accounts Payable & Accrued Expense : kr373 Mil (As of Mar. 2025)


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What is TORM Accounts Payable & Accrued Expense?

TORM's quarterly accounts payable & accrued expense increased from Sep. 2024 (kr288 Mil) to Dec. 2024 (kr361 Mil) and increased from Dec. 2024 (kr361 Mil) to Mar. 2025 (kr373 Mil).

TORM's annual accounts payable & accrued expense declined from Dec. 2022 (kr355 Mil) to Dec. 2023 (kr299 Mil) but then increased from Dec. 2023 (kr299 Mil) to Dec. 2024 (kr361 Mil).


TORM Accounts Payable & Accrued Expense Historical Data

The historical data trend for TORM's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TORM Accounts Payable & Accrued Expense Chart

TORM Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 305.57 430.80 354.66 298.68 361.09

TORM Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 293.60 339.05 288.20 361.09 372.56

TORM Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.


TORM Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (OCSE:TRMD A) » Definitions » Accounts Payable & Accrued Expense
Traded in Other Exchanges
Address
120 Cannon Street, 4th Floor, London, GBR, EC4N 6AS
TORM PLC operates as a shipping company. The company owns and operates product tankers. It is engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Engineering segment. The company derives maximum revenue from Tanker segment.

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