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

Top Ships has disclosed Debt Ratio across 17 years of filings, most recently posting 0.65 for Q4 2025.

• Debt Ratio for Q4 2025 came in at 0.65, up 5.88% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.65 (up 5.88% YoY), and the FY2025 annual result was 0.65, up 5.88% from the prior year.
• Debt Ratio came in at 0.65 for Q4 2025 at Top Ships, up 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.
• Median Debt Ratio over the past 5 years was 0.52 (2022), compared with a mean of 0.54.
• Year-over-year, Debt Ratio slumped 31.82% in 2021 and soared 37.36% in 2022.
• Over 5 years, Debt Ratio stood at 0.36 in 2021, then soared by 37.36% to 0.5 in 2022, then rose by 5.18% to 0.52 in 2023, then climbed by 17.09% to 0.61 in 2024, then increased by 5.88% to 0.65 in 2025.
• Per Business Quant, the three latest TOPS Debt Ratio figures stand at 0.65 (Q4 2025), 0.62 (Q2 2025), and 0.61 (Q4 2024).