Debt Information
Gross debt
USDm
45040035030025020015010050
0
127
126
167
202
343
433
Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025
Cash and cash equivalents
USDm
225200175150125100755025
0
118
142
169
134
126
219
Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025
Net debt
USDm
250200150100500
-50
3.9
-22.4
-2.2
59.1
211
207
Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025
Leverage ratio
%
3530252015105
0
13.3
13.2
16.6
19.0
27.9
32.2
Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025
Number of vessels
70605040302010
0
5
61
5
56
4
55
3
56
3
59
2
59
62
64
64
69
66
56
Q4 2023
Debt-free vessels %62
Q1 2024
Debt-free vessels %64
Q2 2024
Debt-free vessels %64
Q3 2024
Debt-free vessels %69
Q4 2024
Debt-free vessels %66
Q1 2025
Debt-free vessels %56
Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025
Newbuilds
Existing vessels
Debt-free vessels %
Number of debt-free vessels
45403530252015105
0
38
36
35
41
39
33
Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025