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

Top Ships (TOPS) posted quarterly Debt Ratio of 0.65 for Q4 2025, up 5.88% year-on-year from 0.61 in Q4 2024, and up 4.03% on a QoQ basis from 0.62 in Q2 2025.

Top Ships (TOPS) Debt Ratio (2009 - 2025) Analysis & Trends

Top Ships (TOPS) has reported Debt Ratio for 17 consecutive years, with 0.65 the latest figure, recorded in Q4 2025.

  • Quarterly Debt Ratio rose 5.88% year-over-year to 0.65 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.65 (up 5.88% YoY) and the FY2025 annual result came in at 0.65, up 5.88% from the prior year.
  • Debt Ratio improved to 0.65 in Q4 2025 per TOPS's latest filing, from 0.62 in the prior quarter.
  • Over the last five years, Debt Ratio for TOPS reached as high as 0.65 in Q4 2025 and fell as low as 0.36 in Q4 2021.
  • A 5-year average of 0.54 and a median of 0.52 in 2022 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2021 — Debt Ratio slumped 31.82% — and 2022, when it soared 37.36%.
  • Year by year, Debt Ratio stood at 0.36 in 2021, then surged by 37.36% to 0.5 in 2022, then advanced by 5.18% to 0.52 in 2023, then increased by 17.09% to 0.61 in 2024, then gained by 5.88% to 0.65 in 2025.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.65, 0.62, and 0.61 for Q4 2025, Q2 2025, and Q4 2024 respectively.
Generated on {Timestamp} © BusinessQuant.com
Generated on {Timestamp} Powered by BusinessQuant Logo

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 0.06
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 0.70
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 0.44
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 0.47
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 0.42
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 0.39
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 0.47
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 0.70
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 0.49
10 Top Ships 4.15 Mn 4.15 Mn - 0.65

Historic Data

Download Data
DateValue
Dec 31, 2025 0.65
Jun 30, 2025 0.62
Dec 31, 2024 0.61
Jun 30, 2024 0.62
Dec 31, 2023 0.52
Jun 30, 2023 0.51
Dec 31, 2022 0.50
Jun 30, 2022 0.51
Dec 31, 2021 0.36
Jun 30, 2021 0.44
Dec 31, 2020 0.36
Jun 30, 2020 0.65
Dec 31, 2019 0.67
Jun 30, 2019 0.71
Dec 31, 2018 0.47
Jun 30, 2018 102.82
Dec 31, 2017 0.43
Jun 30, 2017 0.53
Dec 31, 2016 0.56
Jun 30, 2016 0.53