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: 22460218) is a company from GENTOFTE. The company reported a net sales of 1463.6 mUSD in 2024, demonstrating a decline of -1.2 % compared to the previous year. The operating profit percentage was at 48.3 % (EBIT: 707.2 mUSD), while net earnings were 981.2 mUSD. The profitability of the company measured by Return on Assets (ROA) was 45.5 %, which can be considered excellent and Return on Equity (ROE) was 68 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 65.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TORM A/S's liquidity measured by quick ratio was 1.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Net sales (mUSD)

EBIT (mUSD)

Profitability

Solidity

Key figures (mUSD)

See financials
2020
2021
2022
2023
2024
Volume
Net sales739.00619.281 440.371 481.361 463.63
Gross profit739.00127.46743.71720.93639.10
EBIT-64.0044.73586.52597.07707.22
Net earnings25.21543.60570.17981.25
Shareholders equity total519.00544.191 091.271 559.781 324.48
Balance sheet total (assets)2 073.002 108.322 387.962 487.572 039.45
Net debt1 294.39876.35540.26408.21
Profitability
EBIT-%-8.7 %7.2 %40.7 %40.3 %48.3 %
ROA-3.5 %3.4 %26.5 %26.8 %45.5 %
ROE4.7 %66.5 %43.0 %68.0 %
ROI-3.5 %2.8 %28.3 %28.2 %48.3 %
Economic value added (EVA)-94.5011.49484.79481.49587.66
Solvency
Equity ratio100.0 %25.8 %45.7 %62.8 %65.1 %
Gearing264.3 %107.5 %51.5 %43.6 %
Relative net indebtedness %226.4 %69.0 %44.9 %37.3 %
Liquidity
Quick ratio1.10.81.51.6
Current ratio1.20.81.61.8
Cash and cash equivalents143.84296.86262.99169.45
Capital use efficiency
Trade debtors turnover (days)49.064.847.732.1
Net working capital %10.2 %-8.3 %15.3 %11.8 %
Credit risk
Credit ratingBBBAAAAAAAA

Variable visualization

ROA:45.5%
Rating: 92/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:65.1%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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