TORM Debt to Equity Ratio 2016-2025 | TRMD

Current and historical debt to equity ratio values for TORM (TRMD) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. TORM debt/equity for the three months ending March 31, 2025 was 0.48.
TORM Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-03-31 $1.35B $2.14B 0.63
2024-12-31 $1.40B $2.08B 0.67
2024-09-30 $1.37B $2.04B 0.67
2024-06-30 $1.42B $2.04B 0.70
2024-03-31 $1.44B $2.07B 0.70
2023-12-31 $1.20B $1.67B 0.72
2023-09-30 $1.24B $1.57B 0.79
2023-06-30 $1.29B $1.57B 0.83
2023-03-31 $1.21B $1.66B 0.73
2022-12-31 $1.11B $1.50B 0.74
2022-09-30 $1.14B $1.40B 0.81
2022-06-30 $1.21B $1.22B 0.99
2022-03-31 $1.22B $1.10B 1.12
2021-12-31 $1.28B $1.05B 1.22
2021-09-30 $1.19B $1.05B 1.13
2021-06-30 $1.14B $1.05B 1.09
2021-03-31 $1.00B $1.00B 0.99
2020-12-31 $0.98B $1.02B 0.96
2020-09-30 $1.00B $1.05B 0.95
2020-06-30 $1.03B $1.11B 0.92
2020-03-31 $1.06B $1.05B 1.01
2019-12-31 $1.00B $1.01B 0.99
2019-09-30 $0.98B $0.85B 1.15
2019-06-30 $0.85B $0.86B 0.99
2019-03-31 $0.85B $0.87B 0.98
2018-12-31 $0.87B $0.85B 1.02
2018-09-30 $0.86B $0.86B 1.00
2018-06-30 $0.86B $0.88B 0.98
2018-03-31 $0.85B $0.89B 0.95
2017-12-31 $0.86B $0.79B 1.08
2017-09-30 $0.00B 0.00
2017-06-30 $0.86B $0.79B 1.10
2017-03-31 $0.00B $0.00B 0.00
2016-12-31 $0.00B 0.00
2016-06-30 $0.00B $0.00B 0.00
2015-12-31 $0.89B $0.98B 0.91
Sector Industry Market Cap Revenue
Transportation Transportation - Shipping $1.641B $1.559B
TORM is a carrier of refined oil products. The Company operates a fleet of approximately 80 modern vessels.
Stock Name Country Market Cap PE Ratio
A.P Moller-Maersk (AMKBY) Denmark $30.866B 4.33
COSCO SHIPPING Holdings (CICOY) China $28.123B 0.00
Nippon Yusen Kabushiki Kaisha (NPNYY) Japan $15.280B 5.21
Orient Overseas (OROVY) Hong Kong, SAR China $11.345B 0.00
Keppel (KPELY) Singapore $11.261B 0.00
Kirby (KEX) United States $6.460B 20.56
Frontline (FRO) Bermuda $4.065B 13.63
Hafnia (HAFN) Singapore $2.630B 4.29
Scorpio Tankers (STNG) $2.260B 6.32
Star Bulk Carriers (SBLK) Greece $2.108B 10.24
International Seaways (INSW) United States $1.889B 6.79
ZIM Integrated Shipping Services (ZIM) Israel $1.874B 0.80
Cadeler (CDLR) Denmark $1.857B 25.82
CMB.TECH Nv (CMBT) Belgium $1.791B 9.21
DHT Holdings (DHT) Bermuda $1.768B 10.01
BW LPG (BWLP) Singapore $1.687B 6.78
Danaos (DAC) Greece $1.679B 3.43
Golden Ocean Group (GOGL) Bermuda $1.640B 15.77
Teekay Tankers (TNK) Bermuda $1.490B 5.70
Capital Clean Energy Carriers (CCEC) Greece $1.436B 15.47
SFL (SFL) Bermuda $1.298B 12.73
Pacific Basin Shipping (PCFBY) Hong Kong, SAR China $1.268B 0.00
Dorian LPG (LPG) United States $1.198B 12.24
Flex LNG (FLNG) Bermuda $1.184B 9.99
Navios Maritime Partners LP (NMM) $1.162B 3.76
Costamare (CMRE) $1.111B 3.37
Navigator Holdings (NVGS) United Kingdom $1.061B 11.16
Global Ship Lease (GSL) Greece $0.968B 2.70
Okeanis Eco Tankers (ECO) Greece $0.742B 9.40
Genco Shipping & Trading (GNK) United States $0.625B 16.55
Tsakos Energy Navigation (TEN) Greece $0.571B 5.80
Nordic American Tankers (NAT) Bermuda $0.567B 12.18
Safe Bulkers (SB) $0.422B 7.57
Ardmore Shipping (ASC) Bermuda $0.404B 4.81
Cool (CLCO) United Kingdom $0.358B 0.00
Euroseas (ESEA) Greece $0.337B 3.02
Pangaea Logistics Solutions (PANL) United States $0.329B 10.66
KNOT Offshore Partners LP (KNOP) United Kingdom $0.254B 11.21
StealthGas (GASS) Greece $0.240B 3.59
Diana Shipping Inc (DSX) Greece $0.184B 53.00
SEACOR Marine Holdings (SMHI) United States $0.144B 0.00
Seanergy Maritime Holdings Corp (SHIP) Greece $0.132B 5.17
Intercont (Cayman) (NCT) Hong Kong, SAR China $0.102B 0.00
Martin Midstream Partners (MMLP) United States $0.098B 0.00
Imperial Petroleum (IMPP) Greece $0.095B 2.36
Heidmar Maritime Holdings (HMR) Greece $0.091B 0.00
Uni-Fuels Holdings (UFG) $0.067B 0.00
Toro (TORO) $0.055B 5.84
Odyssey Marine Exploration (OMEX) United States $0.055B 0.00
Pyxis Tankers (PXS) Greece $0.031B 3.55
EuroDry (EDRY) Greece $0.030B 0.00
Globus Maritime (GLBS) Greece $0.023B 0.00
Castor Maritime (CTRM) $0.023B 4.13
Performance Shipping (PSHG) Greece $0.023B 1.16
Euroholdings (EHLD) $0.022B 0.00
Robin Energy (RBNE) $0.019B 0.00
TIANCI INTERNATIONAL, INC (CIIT) United States $0.017B 0.00
United Maritime (USEA) Greece $0.014B 0.00
IOThree (IOTR) Singapore $0.012B 0.00
OceanPal (OP) Greece $0.011B 0.00
Icon Energy (ICON) Greece $0.006B 0.00
C3is (CISS) Greece $0.002B 3.38
Pingtan Marine Enterprise (PME) China $0.000B 0.00
Himalaya Shipping (HSHP) Bermuda $0.000B 23.25