TORM plc (TRMD-A) - Total Assets
Based on the latest financial reports, TORM plc (TRMD-A) holds total assets worth Dkr3.20 Billion DKK (≈ $500.30 Million USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See TRMD-A net assets for net asset value and shareholders' equity analysis.
TORM plc - Total Assets Trend (1998–2024)
This chart illustrates how TORM plc's total assets have evolved over time, based on quarterly financial data.
TORM plc - Asset Composition Analysis
Current Asset Composition (December 2024)
TORM plc's total assets of Dkr3.20 Billion consist of 17.7% current assets and 82.3% non-current assets.
| Asset Category | Amount (DKK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Dkr0.00 | 7.8% |
| Accounts Receivable | Dkr183.90 Million | 5.3% |
| Inventory | Dkr68.40 Million | 2.0% |
| Property, Plant & Equipment | Dkr0.00 | 0.0% |
| Intangible Assets | Dkr2.00 Million | 0.1% |
| Goodwill | Dkr1.70 Million | 0.1% |
Asset Composition Trend (1998–2024)
This chart illustrates how TORM plc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see TORM plc market cap and net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: TORM plc's current assets represent 17.7% of total assets in 2024, an increase from 0.0% in 1998.
- Cash Position: Cash and equivalents constituted 7.8% of total assets in 2024, up from 0.0% in 1998.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1998.
- Asset Diversification: The largest asset category is accounts receivable at 5.3% of total assets.
TORM plc Competitors by Total Assets
Key competitors of TORM plc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Excelerate Energy Inc
NYSE:EE
|
USA | $4.10 Billion |
|
Teekay Corporation
NYSE:TK
|
USA | $2.25 Billion |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.26 Trillion |
|
CMB.TECH NV
BR:CMBT
|
Belgium | €8.37 Billion |
|
Fluxys Belgium
BR:FLUX
|
Belgium | €3.28 Billion |
|
Enbridge Inc
TO:ENB
|
Canada | CA$218.47 Billion |
|
TC Energy Corp
TO:TRP
|
Canada | CA$118.75 Billion |
|
Pembina Pipeline Corp
TO:PPL
|
Canada | CA$35.55 Billion |
TORM plc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.37 | 2.47 | 1.24 |
| Quick Ratio | 2.07 | 2.24 | 1.12 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Dkr298.80 Million | Dkr413.80 Million | Dkr46.95 Million |
TORM plc - Advanced Valuation Insights
This section examines the relationship between TORM plc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.96 |
| Latest Market Cap to Assets Ratio | 0.93 |
| Asset Growth Rate (YoY) | 20.9% |
| Total Assets | Dkr3.47 Billion |
| Market Capitalization | $3.24 Billion USD |
Valuation Analysis
Near Book Valuation: The market values TORM plc's assets close to their book value (0.93x), suggesting investors view the company's assets at approximately fair value.
Rapid Asset Growth: TORM plc's assets grew by 20.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for TORM plc (1998–2024)
The table below shows the annual total assets of TORM plc from 1998 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr3.47 Billion ≈ $542.84 Million |
+20.89% |
| 2023-12-31 | Dkr2.87 Billion ≈ $449.06 Million |
+9.79% |
| 2022-12-31 | Dkr2.61 Billion ≈ $409.01 Million |
+12.15% |
| 2021-12-31 | Dkr2.33 Billion ≈ $364.70 Million |
+16.63% |
| 2020-12-31 | Dkr2.00 Billion ≈ $312.70 Million |
-0.26% |
| 2019-12-31 | Dkr2.00 Billion ≈ $313.52 Million |
+16.89% |
| 2018-12-31 | Dkr1.71 Billion ≈ $268.23 Million |
+4.12% |
| 2017-12-31 | Dkr1.65 Billion ≈ $257.62 Million |
+4.79% |
| 2016-12-31 | Dkr1.57 Billion ≈ $245.83 Million |
-15.86% |
| 2015-12-31 | Dkr1.87 Billion ≈ $292.17 Million |
+34.91% |
| 2014-12-31 | Dkr1.38 Billion ≈ $216.58 Million |
-31.05% |
| 2013-12-31 | Dkr2.01 Billion ≈ $314.11 Million |
-14.76% |
| 2012-12-31 | Dkr2.36 Billion ≈ $368.51 Million |
-15.25% |
| 2011-12-31 | Dkr2.78 Billion ≈ $434.83 Million |
-15.43% |
| 2010-12-31 | Dkr3.29 Billion ≈ $514.14 Million |
+1.83% |
| 2009-12-31 | Dkr3.23 Billion ≈ $504.92 Million |
-2.72% |
| 2008-12-31 | Dkr3.32 Billion ≈ $519.02 Million |
+11.82% |
| 2007-12-31 | Dkr2.97 Billion ≈ $464.14 Million |
+42.01% |
| 2006-12-31 | Dkr2.09 Billion ≈ $326.84 Million |
+15.41% |
| 2005-12-31 | Dkr1.81 Billion ≈ $283.21 Million |
+129.75% |
| 2004-12-31 | Dkr787.87 Million ≈ $123.27 Million |
+89.04% |
| 2003-12-31 | Dkr416.78 Million ≈ $65.21 Million |
+71.59% |
| 2002-12-31 | Dkr242.89 Million ≈ $38.00 Million |
-39.59% |
| 2001-12-31 | Dkr402.05 Million ≈ $62.90 Million |
+198.87% |
| 2000-12-31 | Dkr134.52 Million ≈ $21.05 Million |
-8.97% |
| 1998-12-31 | Dkr147.78 Million ≈ $23.12 Million |
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About TORM plc
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two segments, Tanker and Marine Engineering. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil. The Marine Engineering segment engages in developing and producing advan… Read more