TORM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (mUSD)
EBIT (mUSD)
Profitability
Solidity
Key figures (mUSD)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 739.00 | 619.28 | 1 440.37 | 1 481.36 | 1 463.63 |
Gross profit | 739.00 | 127.46 | 743.71 | 720.93 | 639.10 |
EBIT | -64.00 | 44.73 | 586.52 | 597.07 | 707.22 |
Net earnings | 25.21 | 543.60 | 570.17 | 981.25 | |
Shareholders equity total | 519.00 | 544.19 | 1 091.27 | 1 559.78 | 1 324.48 |
Balance sheet total (assets) | 2 073.00 | 2 108.32 | 2 387.96 | 2 487.57 | 2 039.45 |
Net debt | 1 294.39 | 876.35 | 540.26 | 408.21 | |
Profitability | |||||
EBIT-% | -8.7 % | 7.2 % | 40.7 % | 40.3 % | 48.3 % |
ROA | -3.5 % | 3.4 % | 26.5 % | 26.8 % | 45.5 % |
ROE | 4.7 % | 66.5 % | 43.0 % | 68.0 % | |
ROI | -3.5 % | 2.8 % | 28.3 % | 28.2 % | 48.3 % |
Economic value added (EVA) | -94.50 | 11.49 | 484.79 | 481.49 | 587.66 |
Solvency | |||||
Equity ratio | 100.0 % | 25.8 % | 45.7 % | 62.8 % | 65.1 % |
Gearing | 264.3 % | 107.5 % | 51.5 % | 43.6 % | |
Relative net indebtedness % | 226.4 % | 69.0 % | 44.9 % | 37.3 % | |
Liquidity | |||||
Quick ratio | 1.1 | 0.8 | 1.5 | 1.6 | |
Current ratio | 1.2 | 0.8 | 1.6 | 1.8 | |
Cash and cash equivalents | 143.84 | 296.86 | 262.99 | 169.45 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 49.0 | 64.8 | 47.7 | 32.1 | |
Net working capital % | 10.2 % | -8.3 % | 15.3 % | 11.8 % | |
Credit risk | |||||
Credit rating | BBB | AAA | AA | AA | A |
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