TORM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2013 | 2014 | |
---|---|---|
Volume | ||
Net sales | 992 336.00 | 179 873.00 |
Gross profit | 150 357.00 | 48 411.00 |
EBIT | -90 656.00 | 16 178.00 |
Net earnings | - 162 233.00 | 12 632.00 |
Shareholders equity total | 117 708.00 | - 263 236.00 |
Balance sheet total (assets) | 2 007 610.00 | 1 278 314.00 |
Net debt | -36 633.00 | |
Profitability | ||
EBIT-% | 9.0 % | |
ROA | 0.9 % | |
ROE | 1.8 % | |
ROI | 1.1 % | |
Economic value added (EVA) | -88 513.45 | 10 263.17 |
Solvency | ||
Equity ratio | -17.1 % | |
Gearing | -1.1 % | |
Relative net indebtedness % | 835.0 % | |
Liquidity | ||
Quick ratio | 0.9 | |
Current ratio | 0.9 | |
Cash and cash equivalents | 29 109.00 | 39 659.00 |
Capital use efficiency | ||
Trade debtors turnover (days) | 143.6 | |
Net working capital % | -11.8 % | |
Credit risk | ||
Credit rating | A |
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