Torm Short Term Debt vs Net Tangible Assets Analysis
TRMD Stock | USD 34.78 0.22 0.64% |
Torm PLC financial indicator trend analysis is much more than just breaking down Torm PLC Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Torm PLC Class is a good investment. Please check the relationship between Torm PLC Short Term Debt and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torm PLC Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Short Term Debt vs Net Tangible Assets
Short Term Debt vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Torm PLC Class Short Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Torm PLC's Short Term Debt and Net Tangible Assets is -0.23. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Torm PLC Class, assuming nothing else is changed. The correlation between historical values of Torm PLC's Short Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Torm PLC Class are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Term Debt i.e., Torm PLC's Short Term Debt and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Debt
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Torm PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Torm PLC Class current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torm PLC Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At present, Torm PLC's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 247.7M | 844.9M | 714.9M | 750.7M | Total Revenue | 619.5M | 1.4B | 1.6B | 811.0M |
Torm PLC fundamental ratios Correlations
Click cells to compare fundamentals
Torm PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Torm PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.0B | 2.3B | 2.6B | 2.9B | 2.0B | |
Short Long Term Debt Total | 855.4M | 842.4M | 1.1B | 966.9M | 1.1B | 1.1B | |
Total Stockholder Equity | 1.0B | 1.0B | 1.1B | 1.5B | 1.7B | 849.4M | |
Net Debt | 782.9M | 752.9M | 963.7M | 646.4M | 763.1M | 989.8M | |
Liabilities And Stockholders Equity | 2.0B | 2.0B | 2.3B | 2.6B | 2.9B | 2.0B | |
Non Current Liabilities Total | 801.3M | 784.5M | 971.6M | 904.1M | 937.6M | 910.8M | |
Total Liab | 996.2M | 981.2M | 1.3B | 1.1B | 1.2B | 1.2B | |
Other Current Liab | 48.8M | 25.6M | 43.7M | 39.9M | 46.4M | 49.4M | |
Total Current Liabilities | 194.9M | 196.7M | 307.2M | 206.4M | 265.2M | 323.8M | |
Current Deferred Revenue | 4K | 53.9M | 19.2M | 885K | 3.4M | 3.5M | |
Accounts Payable | 47.1M | 14.4M | 35.3M | 48.5M | 43.0M | 40.1M | |
Cash | 72.5M | 89.5M | 171.7M | 320.5M | 295.3M | 310.1M | |
Non Current Assets Total | 1.8B | 1.8B | 2.0B | 1.9B | 2.2B | 1.9B | |
Non Currrent Assets Other | 4.6M | 34K | 42K | 4.6M | (57.0K) | (54.1K) | |
Other Assets | 99.6M | 17.0M | 17.3M | 5.1M | 1.0 | 1.05 | |
Cash And Short Term Investments | 72.5M | 89.5M | 171.7M | 320.5M | 295.3M | 310.1M | |
Common Stock Shares Outstanding | 74M | 74.3M | 78.1M | 82.8M | 86.7M | 61.5M | |
Inventory | 34.8M | 22.5M | 48.8M | 72.0M | 61.7M | 34.2M | |
Other Current Assets | (32K) | (81K) | (33K) | 26K | 62.3M | 43.5M | |
Total Current Assets | 215.9M | 243.7M | 363.3M | 739.7M | 690.5M | 725.1M | |
Short Term Debt | 99.0M | 102.9M | 209M | 117.1M | 172.5M | 221.5M | |
Net Receivables | 95.5M | 79M | 124M | 263.3M | 271.2M | 284.8M | |
Other Stockholder Equity | 98.4M | 97.8M | 155.6M | 163.3M | 255.5M | 268.3M | |
Accumulated Other Comprehensive Income | (11.4M) | (20.3M) | (3.4M) | 39.4M | 25.1M | 29.7M | |
Property Plant And Equipment Net | 1.8B | 1.7B | 2.0B | 1.9B | 2.2B | 1.5B | |
Retained Earnings | 920.0M | 939.2M | 899.2M | 1.3B | 1.4B | 850.0M | |
Property Plant And Equipment Gross | 1.8B | 1.7B | 2.5B | 2.4B | 2.7B | 2.2B | |
Common Stock | 747K | 748K | 800K | 823K | 861.1K | 818.0K | |
Net Tangible Assets | 1.0B | 1.0B | 1.1B | 1.5B | 1.7B | 1.0B | |
Long Term Debt | 756.4M | 739.5M | 926.4M | 849.8M | 886.9M | 754.4M | |
Short Long Term Debt | 99.0M | 102.9M | 209M | 117.1M | 172.7M | 112.7M | |
Property Plant Equipment | 1.7B | 1.7B | 1.9B | 1.9B | 2.1B | 1.6B | |
Other Liab | 44.9M | 44.9M | 45.2M | 54.3M | 62.4M | 50.8M | |
Long Term Investments | 1.2M | 1.6M | 1.5M | 273K | 77K | 73.2K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Torm PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Torm PLC's short interest history, or implied volatility extrapolated from Torm PLC options trading.
Currently Active Assets on Macroaxis
LAAC | Lithium Americas Corp | |
F | Ford Motor | |
CHPT | ChargePoint Holdings | |
AXL | American Axle Manufacturing | |
ICLN | iShares Global Clean |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torm PLC Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Torm Stock analysis
When running Torm PLC's price analysis, check to measure Torm PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Torm PLC is operating at the current time. Most of Torm PLC's value examination focuses on studying past and present price action to predict the probability of Torm PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torm PLC's price. Additionally, you may evaluate how the addition of Torm PLC to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
Is Torm PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Torm PLC. If investors know Torm will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Torm PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.22) | Dividend Share 5.78 | Earnings Share 7.48 | Revenue Per Share 18.187 | Quarterly Revenue Growth (0.13) |
The market value of Torm PLC Class is measured differently than its book value, which is the value of Torm that is recorded on the company's balance sheet. Investors also form their own opinion of Torm PLC's value that differs from its market value or its book value, called intrinsic value, which is Torm PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Torm PLC's market value can be influenced by many factors that don't directly affect Torm PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Torm PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Torm PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Torm PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.