Torm Short Term Investments vs Cash Analysis
TRMD Stock | USD 38.16 0.27 0.71% |
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 Investments and its Cash 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 Investments vs Cash
Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Torm PLC Class Short Term Investments account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Torm PLC's Short Term Investments and Cash is -0.28. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash 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 Investments and Cash 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 Investments of Torm PLC Class are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Investments i.e., Torm PLC's Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Torm PLC balance sheet. It contains any investments Torm PLC Class undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Torm PLC Class can easily liquidate in the marketplace.Cash
Cash refers to the most liquid asset of Torm PLC Class, which is listed under current asset account on Torm PLC Class balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Torm PLC customers. The amounts must be unrestricted with restricted cash listed in a different Torm PLC account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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
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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 |
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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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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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 0.256 | Dividend Share 5.82 | Earnings Share 7.94 | Revenue Per Share 18.397 | Quarterly Revenue Growth 0.138 |
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.