TORM A/S — Credit Rating and Financial Key Figures

CVR number: 22460218
Tuborg Havnevej 18, 2900 Hellerup
tel: 39179393

Company information

Official name
TORM A/S
Personnel
255 persons
Established
1999
Company form
Limited company
Industry

About TORM A/S

TORM A/S (CVR number: 22460218K) is a company from GENTOFTE. The company reported a net sales of 179.9 mUSD in 2014, demonstrating a decline of -81.9 % compared to the previous year. The operating profit percentage was at 9 % (EBIT: 16.2 mUSD), while net earnings were 12.6 mUSD. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -17.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TORM A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kUSD)

EBIT (kUSD)

Profitability

Solidity

Key figures (kUSD)

See financials
2013
2014
Volume
Net sales992 336.00179 873.00
Gross profit150 357.0048 411.00
EBIT-90 656.0016 178.00
Net earnings- 162 233.0012 632.00
Shareholders equity total117 708.00- 263 236.00
Balance sheet total (assets)2 007 610.001 278 314.00
Net debt-36 633.00
Profitability
EBIT-%9.0 %
ROA0.9 %
ROE1.8 %
ROI1.1 %
Economic value added (EVA)-88 513.4510 263.17
Solvency
Equity ratio-17.1 %
Gearing-1.1 %
Relative net indebtedness %835.0 %
Liquidity
Quick ratio0.9
Current ratio0.9
Cash and cash equivalents29 109.0039 659.00
Capital use efficiency
Trade debtors turnover (days)143.6
Net working capital %-11.8 %
Credit risk
Credit ratingA

Variable visualization

ROA:0.91%
Rating: 25/100
-20%
0%
4%
11%
24%
60%
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Equity ratio:-17.1%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
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Roles

Chairman of the board
Board member

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