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TORM (TRMD) Accounts Payable & Accrued Expense : $43 Mil (As of Mar. 2024)


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What is TORM Accounts Payable & Accrued Expense?

TORM's quarterly accounts payable & accrued expense declined from Sep. 2023 ($47 Mil) to Dec. 2023 ($44 Mil) and declined from Dec. 2023 ($44 Mil) to Mar. 2024 ($43 Mil).

TORM's annual accounts payable & accrued expense declined from Dec. 2021 ($65 Mil) to Dec. 2022 ($50 Mil) and declined from Dec. 2022 ($50 Mil) to Dec. 2023 ($44 Mil).

TORM Accounts Payable & Accrued Expense Historical Data

The historical data trend for TORM's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TORM Accounts Payable & Accrued Expense Chart

TORM Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.10 49.97 65.46 50.46 43.70

TORM Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.00 39.80 47.20 43.70 42.80

TORM Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

TORM (TRMD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (NAS:TRMD) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
TRMDAc:UK 0RG4:UK TRMD A:Denmark 1T4:Germany 1T4:Germany
Address
20 Street Dunstan's Hill, OFFICE 105, London, GBR, EC3R 8HL
Website
https://www.torm.com
TORM PLC operates as a shipping company. The company owns and operates product tankers. It is primarily engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Exhaust segment.