Top Ships (TOPS) Debt Ratio (2009 - 2025)

Top Ships has reported Debt Ratio for 17 years, with the latest figure at 0.65 in Q4 2025.

• On a quarterly basis, Debt Ratio rose 5.47% year-over-year to 0.65 in Q4 2025; TTM through Dec 2025 was 0.65, a 5.47% increase from a year earlier, with the FY2025 full-year figure at 0.65, up 5.47% from the prior year.
• Debt Ratio was 0.65 for Q4 2025 at Top Ships, up from 0.63 in the prior quarter.
• The five-year high for Debt Ratio was 4.61 in Q4 2021, with the low at 0.46 in Q2 2021.
• Average Debt Ratio over 5 years is 0.96, with a median of 0.57 recorded in 2023.
• The sharpest annual moves came in 2021 and 2024: Debt Ratio plunged 95.39% in 2021, then climbed 21.54% in 2024.
• Over 5 years, Debt Ratio stood at 4.61 in 2021, then sank by 89.19% to 0.5 in 2022, then grew by 7.1% to 0.53 in 2023, then advanced by 15.38% to 0.62 in 2024, then rose by 5.47% to 0.65 in 2025.
• The last three Debt Ratio figures came in at 0.65 (Q4 2025), 0.63 (Q2 2025), and 0.62 (Q4 2024), per Business Quant data.