TOP Financial (TOP) Debt to Equity (2021 - 2025)
TOP Financial (TOP) posted quarterly Debt to Equity of $0.81 for Q3 2025, up 67.38% YoY from $0.48 in Q3 2024, and up 180.33% sequentially from $0.29 in Q1 2025.
TOP Financial (TOP) Debt to Equity (2021 - 2025) Analysis & Trends
TOP Financial has disclosed Debt to Equity across 5 years of filings, most recently posting $0.81 for Q3 2025.
- In Q3 2025, Debt to Equity rose 67.38% year-over-year to $0.81; the TTM figure through Sep 2025 stood at $0.81 (up 67.38% YoY), while the FY2025 annual figure was $0.29, up 14.38% from the prior year.
- Debt to Equity improved to $0.81 in Q3 2025, from $0.29 in the prior quarter.
- Over the last five years, Debt to Equity for TOP reached as high as $483066.9 in Q1 2021 and fell as low as $0.08 in Q3 2023.
- The 5-year median for Debt to Equity is $0.48 (2024), against an average of $100695.7.
- The widest YoY moves for Debt to Equity: up 478.3% in 2024, down 100.0% in 2024.
- A 5-year view of Debt to Equity shows it stood at $483066.9 in 2021, then slumped by 100.0% to $0.11 in 2022, then slipped by 23.05% to $0.08 in 2023, then soared by 478.3% to $0.48 in 2024, then soared by 67.38% to $0.81 in 2025.
- According to Business Quant data, Debt to Equity over the past three periods registered $0.81, $0.29, and $0.48 for Q3 2025, Q1 2025, and Q3 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1.04 |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 2.11 |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 0.00 |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | - |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | - |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | TOP Financial | 69.68 Mn | -14,785.38 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2025 | 289,440.30 |
| Mar 31, 2024 | 0.25 |
| Mar 31, 2023 | 98,572.65 |
| Mar 31, 2022 | 324,620.20 |
| Mar 31, 2021 | 483,066.87 |