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
DateValue
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