Torm plc key statistics and ratios

In fiscal 2025, Torm plc had return on equity of 13.3%, an operating margin of 26.6%, debt equal to 45.5% of equity and a current ratio of 1.33. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Torm plc: financial ratios, annual
Fiscal year	2015Dec 2015	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Operating margin	26.5%	18.6%	0.2%	41.7%	45.9%	42.3%	26.6%
Net margin	23.3%	11.8%	−6.8%	39.0%	42.6%	39.3%	21.3%
Free-cash-flow margin	−7.4%	8.4%	−43.9%	26.5%	19.4%	15.7%	14.2%
Return on equity	12.9%	8.8%	−4.1%	44.1%	41.0%	32.8%	13.3%
Return on assets	—	4.4%	−1.9%	22.8%	23.6%	19.3%	8.3%
Asset turnover	—	0.37	0.29	0.58	0.55	0.49	0.39
Current ratio	—	1.24	1.18	3.58	2.60	2.16	1.33
Debt to equity	78.6%	82.8%	107.9%	64.4%	63.7%	59.1%	45.5%
Interest cover (operating income ÷ interest)	9.5x	2.9x	0.0x	12.4x	12.5x	9.4x	5.2x
Effective tax rate	0.8%	1.6%	—	−1.1%	0.6%	−0.3%	3.1%
Capital spending as % of revenue	47.0%	23.2%	51.6%	8.3%	33.5%	37.4%	23.0%
Free cash flow ÷ net income	−31.8%	71.2%	—	68.0%	45.5%	39.9%	66.7%
Dividends ÷ net income	—	80.1%	—	29.6%	90.5%	90.3%	70.0%
Dividends and buybacks ÷ free cash flow	—	114.7%	—	43.6%	198.6%	226.4%	104.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · December 31, 2025

What it owns · $3.4bn

Short-term assets $532mLonger-term assets $2.8bn

What it owes, and who funded it · $3.4bn

Short-term liabilities $401mLonger-term liabilities $763mShareholders' equity $2.2bn

Short-term assets cover short-term liabilities $532m of assets due within a year against $401m of liabilities due within a year.
Short-term assets cover long-term liabilities $532m short-term assets against $763m of longer-dated liabilities.
More cash than debt $158m of cash against $714m of debt.
Debt below 40% of shareholders' equity Debt is 32% of equity.
Debt burden no higher than five years ago Debt to equity moved from 73% to 32% over five years.
A year's operating cash flow covers at least 20% of debt $499m of operating cash flow against $714m of debt.
Operating profit covers interest at least five times over Operating income of $356m against $69m of interest.

From Torm plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Torm plc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Torm plc.