TORM (OCSE:TRMD A) Interest Expense : kr-483 Mil (TTM As of Mar. 2025)

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What is TORM Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TORM's interest expense for the three months ended in Mar. 2025 was kr -123 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was kr-483 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. TORM's Operating Income for the three months ended in Mar. 2025 was kr 503 Mil. TORM's Interest Expense for the three months ended in Mar. 2025 was kr -123 Mil. TORM's Interest Coverage for the quarter that ended in Mar. 2025 was 4.10. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TORM Interest Expense Historical Data

The historical data trend for TORM's Interest 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 Interest Expense Chart

TORM Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

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Dec20

Dec21

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Dec24

Interest Expense

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-288.04

-278.92

-342.02

-383.43

-500.68

TORM Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-125.53	-131.05	-123.61	-105.41	-122.81

TORM Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-483 Mil.

TORM (OCSE:TRMD A) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TORM's Interest Expense for the three months ended in Mar. 2025 was kr-123 Mil. Its Operating Income for the three months ended in Mar. 2025 was kr503 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was kr7,043 Mil.

TORM's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	502.959	/	-122.808
	=	4.10

The higher the ratio, the stronger the company's financial strength is.

TORM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (OCSE:TRMD A) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TRMD:USA TRMDAc:UK 0RG4:UK 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.

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