TRMDTORM plc
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (AA), and typical volatility.
Insiders were net sellers (-$1.6M, 90 days to Oct 8, 2026), selling is often routine.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -61% · now 3% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TRMD take a bad year?
TORM plc carries $766M of net debt at 0.98× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.98×
Net debt / EBITDA · 0.94× a year ago · the load is going up
- Interest cover
- 8.01×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 42%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2025
- $1.13B
- Cash and short-term investments
- $360M
- Net debt
- $766M
- EBITDA, trailing twelve months
- $779M
- Operating profit, trailing twelve months
- $584M
- Debt / equity
- 0.53×
- Total debt / EBITDA
- 1.45×
- Annualised volatilitytwo years of daily moves
- 42%
- Worst drawdown on file
- −61%
- Below its 52-week high
- 2.7%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Midstream
Ranks #3 of 22 by RyuScore