TORM plc

TORM plcverified

TRMD

Price:

$36.05

Market Cap:

$3.43B

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.[Read more]

Industry

Oil & Gas Midstream

IPO Date

2018-02-23

Stock Exchange

NASDAQ

Ticker

TRMD

The Current Ratio as of September 2024 (TTM) for TORM plc (TRMD) is 3.18

According to TORM plc’s latest financial reports and current stock price. The company's current Current Ratio is 3.18. This represents a change of 8.40% compared to the average of 2.94 of the last 4 quarters.

TORM plc (TRMD) Historical Current Ratio (quarterly & annually)

How has TRMD Current Ratio performed in the past?

The mean historical Current Ratio of TORM plc over the last ten years is 1.76. The current 3.18 Current Ratio has changed 18.00% with respect to the historical average. Over the past ten years (40 quarters), TRMD's Current Ratio was at its highest in in the September 2015 quarter at 3.77. The Current Ratio was at its lowest in in the December 2014 quarter at 0.91.

Quarterly (TTM)
Annual

Average

1.76

Median

1.43

Minimum

0.91

Maximum

3.58

TORM plc (TRMD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of TORM plc Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 203.06%

Maximum Annual Current Ratio = 3.58

Minimum Annual Increase = -52.05%

Minimum Annual Current Ratio = 0.91

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.60-27.35%
20223.58203.06%
20211.18-4.53%
20201.2411.84%
20191.11-31.27%
20181.61-3.77%
20171.6740.23%
20161.19-52.05%
20152.49175.09%
20140.91-19.84%

TORM plc (TRMD) Average Current Ratio

How has TRMD Current Ratio performed in the past?

The current Current Ratio of TORM plc (TRMD) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.46

5-year avg

1.94

10-year avg

1.76

TORM plc (TRMD) Current Ratio vs. Peers

How is TRMD’s Current Ratio compared to its peers?

TORM plc’s Current Ratio is greater than Tsakos Energy Navigation Limited (0), less than International Seaways, Inc. (3.89), greater than Overseas Shipholding Group, Inc. (0.67), less than Ardmore Shipping Corporation (3.50), greater than Euronav NV (1.46),

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Frequently asked questions❓

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