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

Top Ships' Debt Ratio history runs 17 years deep, the most recent figure standing at 0.65 for Q4 2025.

• In Q4 2025, Debt Ratio rose 5.88% year-over-year to 0.65; the TTM figure through Dec 2025 stood at 0.65 (up 5.88% YoY), while the FY2025 annual figure was 0.65, up 5.88% from the prior year.
• Debt Ratio was 0.65 for Q4 2025 at Top Ships, up from 0.62 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.65 in Q4 2025 to a low of 0.36 in Q4 2021.
• Historically, Debt Ratio has averaged 0.54 across 5 years, with a median of 0.52 in 2022.
• The sharpest annual moves came in 2021 and 2022: Debt Ratio tumbled 31.82% in 2021, then surged 37.36% in 2022.
• A 5-year view of Debt Ratio shows it 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.
• The last three Debt Ratio figures came in at 0.65 (Q4 2025), 0.62 (Q2 2025), and 0.61 (Q4 2024), per Business Quant data.