TORM (TRMD) Debt-to-Asset : 0.35 (As of Dec. 2024)

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What is TORM Debt-to-Asset?

TORM's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $165 Mil. TORM's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1,061 Mil. TORM's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $3,470 Mil. TORM's debt to asset for the quarter that ended in Dec. 2024 was 0.35.

TORM Debt-to-Asset Historical Data

The historical data trend for TORM's Debt-to-Asset 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 Debt-to-Asset Chart

TORM Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.42

0.49

0.37

0.35

TORM Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.37	0.37	0.36	0.36	0.35

Competitive Comparison of TORM's Debt-to-Asset

For the Oil & Gas Midstream subindustry, TORM's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TORM's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TORM's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where TORM's Debt-to-Asset falls into.

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TORM Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TORM's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(165.3	+	1061)	/	3469.6
	=	0.35

TORM's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(165.3	+	1061)	/	3469.6
	=	0.35

TORM (NAS:TRMD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

TORM Debt-to-Asset Related Terms

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TORM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (NAS:TRMD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TRMDAc:UK 0RG4:UK TRMD A:Denmark 1T4:Germany 1T4:Germany

Address

120 Cannon Street, 4th Floor, London, GBR, EC4N 6AS

Website

https://www.torm.com

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.