Torm annual debt-to-equity ratio
2015
2016
2017
2018
2019
2020
2022
2023
2024
2025
Torm Debt-to-Equity Ratio Growth & History (TRMD)
Torm's debt-to-equity ratio was 0.53 for fiscal 2025.
View full Torm company overviewTorm annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.53 | −0.06 | −10.88% |
| 2024 | 2024-12-31 | 0.59 | −0.05 | −7.14% |
| 2023 | 2023-12-31 | 0.64 | −0.01 | −1.13% |
| 2022 | 2022-12-31 | 0.64 | — | — |
| 2020 | 2020-12-31 | 0.84 | −0.04 | −4.83% |
| 2019 | 2019-12-31 | 0.88 | −0.04 | −4.59% |
| 2018 | 2018-12-31 | 0.92 | −0.02 | −2.53% |
| 2017 | 2017-12-31 | 0.94 | 0.08 | +9.80% |
| 2016 | 2016-12-31 | 0.86 | 0.07 | +9.45% |
| 2015 | 2015-12-31 | 0.79 | — | — |
Torm quarterly debt-to-equity ratio
Q4.17
Q3.18
Q4.18
Q2.19
Q4.19
Q4.20
Q3.21
Q4.21
Q2.22
Q4.22
Q3.23
Q4.23
Q2.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | 0.48 | −0.08 | −13.80% |
| Q4 2025 | 2025-12-31 | 0.53 | — | — |
| Q3 2025 | 2025-09-30 | 0.42 | — | — |
| Q2 2025 | 2025-06-30 | 0.53 | −0.08 | −13.24% |
| Q1 2025 | 2025-03-31 | 0.55 | — | — |
| Q2 2024 | 2024-06-30 | 0.62 | — | — |
| Q4 2023 | 2023-12-31 | 0.64 | −0.00 | −0.51% |
| Q3 2023 | 2023-09-30 | 0.69 | — | — |
| Q4 2022 | 2022-12-31 | 0.64 | −0.44 | −40.71% |
| Q2 2022 | 2022-06-30 | 0.87 | — | — |
| Q4 2021 | 2021-12-31 | 1.09 | 0.25 | +29.90% |
| Q3 2021 | 2021-09-30 | 0.99 | — | — |
| Q4 2020 | 2020-12-31 | 0.84 | −0.04 | −4.83% |
| Q4 2019 | 2019-12-31 | 0.88 | −0.04 | −4.59% |
| Q2 2019 | 2019-06-30 | 0.84 | — | — |
| Q4 2018 | 2018-12-31 | 0.92 | −0.02 | −2.53% |
| Q3 2018 | 2018-09-30 | 0.85 | — | — |
| Q4 2017 | 2017-12-31 | 0.94 | — | — |
Torm debt-to-equity ratio trends
Over the last five fiscal years, Torm's debt-to-equity ratio decreased from 0.84 to 0.53, a change of −0.31. The latest reported quarter, Q1 2026, shows 0.48.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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