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Torm Plc  (NASDAQ: TRMD)
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Torm Plc's Working Capital Ratio

TRMD's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth

 


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 0.78 above company average Working Capital Ratio.

Within Marine Transportation industry 34 other companies have achieved higher Working Capital Ratio than Torm Plc in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 3273 to 3934.

Explain Working Capital Ratio
How much Current Assetss TRMD´s has?
What are TRMD´s Current Liabilities?


TRMD Working Capital Ratio (Dec 31 2023)
Q4
0
Q3
0
Q2
0
Q1
(Dec 31 2022)
Q4
Y / Y Current Liabilities Change 4.36 % 4.36 % 4.36 % 4.36 % -25.15 %
Y / Y Current Assets Change -6.55 % -6.55 % -6.55 % -6.55 % 103.6 %
Working Capital Ratio MRQ 0.78 0.78 0.78 0.78 0.87
TRMD's Total Ranking # 3934 # 3273 # 3129 # 3270 # 3182
Seq. Current Liabilities Change 0 % 0 % 0 % 4.36 % 0 %
Seq. Current Assets Change 0 % 0 % 0 % -6.55 % 0 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Marine Transportation Industry # 35
Transportation Sector # 80
Overall Market # 3934


Working Capital Ratio Statistics
High Average Low
0.87 0.52 0.25
(Dec 31 2022)   (Dec 31 2019)




Financial Statements
Torm Plc's Current Liabilities $ 887 Millions Visit TRMD's Balance sheet
Torm Plc's Current Assets $ 691 Millions Visit TRMD's Balance sheet
Source of TRMD's Sales Visit TRMD's Sales by Geography


Cumulative Torm Plc's Working Capital Ratio

TRMD's Working Capital Ratio for the trailling 12 Months

TRMD Working Capital Ratio

(Dec 31 2023)
12 Months
0
12 Months
0
12 Months
0
12 Months
(Dec 31 2022)
12 Months
Y / Y Current Liabilities TTM Growth 4.36 % -4.73 % -12.52 % -19.26 % -25.15 %
Y / Y Current Assets TTM Growth -6.55 % 8.95 % 29.73 % 59.07 % 103.6 %
Working Capital Ratio TTM 0.78 0.8 0.82 0.85 0.87
Total Ranking TTM # 2051 # 3469 # 3218 # 3492 # 4947
Seq. Current Liabilities TTM Growth 1.06 % 1.07 % 1.08 % 1.09 % -7.75 %
Seq. Current Assets TTM Growth -1.72 % -1.69 % -1.66 % -1.64 % 14.58 %


On the trailing twelve months basis Due to unchanged in Current Liabilities in the Q4 2023 to $886.90 millions, cumulative Working Capital Ratio decreased to 0.78 above the TRMD average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Marine Transportation industry 11 other companies have achieved higher Working Capital Ratio than Torm Plc. While Working Capital Ratio overall ranking has improved so far to 2051, from total ranking during the twelve months ending third quarter 2023 at 3469.

Explain Working Capital Ratio
How much Current Assetss TRMD´s has?
What are TRMD´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Marine Transportation Industry # 12
Transportation Sector # 44
Within the Market # 2051


trailing twelve months Working Capital Ratio Statistics
High Average Low
0.87 0.46 0.25
(Dec 31 2022)   (Dec 31 2019)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Marine Transportation Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Seacor Marine Holdings Inc   2.14 $ 164.686  Millions$ 77.086  Millions
Expeditors International Of Washington Inc   2.02 $ 3,435.196  Millions$ 1,704.412  Millions
Pangaea Logistics Solutions Ltd   1.82 $ 191.826  Millions$ 105.334  Millions
Globus Maritime Limited  1.73 $ 79.296  Millions$ 45.759  Millions
Brink s Co  1.69 $ 2,788.300  Millions$ 1,645.400  Millions
Costamare Inc   1.69 $ 1,117.661  Millions$ 662.770  Millions
Singularity Future Technology Ltd  1.50 $ 6.935  Millions$ 4.616  Millions
Radiant Logistics Inc   1.50 $ 161.345  Millions$ 107.558  Millions
Forward Air Corporation  1.46 $ 347.028  Millions$ 237.094  Millions
C h Robinson Worldwide Inc   1.40 $ 2,880.694  Millions$ 2,051.993  Millions
Navigator Holdings Ltd   1.38 $ 255.372  Millions$ 185.442  Millions
Himalaya Shipping Ltd   1.30 $ 32.807  Millions$ 25.300  Millions
Hub Group Inc   1.29 $ 849.245  Millions$ 658.210  Millions
Euroseas Ltd   1.29 $ 65.972  Millions$ 51.188  Millions
Star Bulk Carriers Corp   1.26 $ 454.397  Millions$ 359.363  Millions
Freight Technologies Inc   1.25 $ 9.766  Millions$ 7.796  Millions
Capital Clean Energy Carriers Corp   1.23 $ 225.504  Millions$ 183.930  Millions
Unique Logistics International Inc   1.18 $ 54.341  Millions$ 45.932  Millions
Global Ship Lease Inc   1.05 $ 295.677  Millions$ 280.440  Millions
Zim Integrated Shipping Services Ltd   1.02 $ 2,571.400  Millions$ 2,518.100  Millions
Top Ships Inc   0.94 $ 38.733  Millions$ 41.372  Millions
Eagle Bulk Shipping Inc   0.89 $ 189.546  Millions$ 212.847  Millions
Navios Maritime Partners L p   0.87 $ 399.748  Millions$ 459.600  Millions
Grindrod Shipping Holdings Ltd   0.79 $ 98.076  Millions$ 124.069  Millions
Torm Plc  0.78 $ 691.290  Millions$ 886.897  Millions
Jayud Global Logistics Limited  0.75 $ 11.661  Millions$ 15.476  Millions
Overseas Shipholding Group Inc   0.68 $ 114.588  Millions$ 169.488  Millions
Atlas Corp   0.63 $ 682.400  Millions$ 1,083.800  Millions
Scorpio Tankers Inc   0.61 $ 577.080  Millions$ 939.188  Millions
C3is Inc   0.51 $ 20.311  Millions$ 39.712  Millions

Date modified: 2024-03-08T12:52:29+00:00



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