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

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

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

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 for Q4 2025 stood at 0.65, up from 0.62 in the prior quarter.
  • The five-year high for Debt Ratio was 0.65 in Q4 2025, with the low at 0.36 in Q4 2021.
  • The 5-year median for Debt Ratio is 0.52 (2022), against an average of 0.54.
  • The sharpest annual moves came in 2021 and 2022: Debt Ratio slumped 31.82% in 2021, then jumped 37.36% in 2022.
  • Top Ships' Debt Ratio stood at 0.36 in 2021, then surged by 37.36% to 0.5 in 2022, then increased by 5.18% to 0.52 in 2023, then advanced by 17.09% to 0.61 in 2024, then grew by 5.88% to 0.65 in 2025.
  • Business Quant data shows TOPS's Debt Ratio at 0.65 in Q4 2025, 0.62 in Q2 2025, and 0.61 in Q4 2024.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Kinder Morgan 112.69 Bn 112.57 Bn 3.07 Bn 0.44
2 Enbridge 110.69 Bn 109.19 Bn 5.23 Bn 0.48
3 Enterprise Products Partners 83.45 Bn 82.54 Bn - 0.41
4 Energy Transfer 72.64 Bn 71.61 Bn 7.40 Bn 0.46
5 Tc Energy 65.84 Bn 58.29 Bn 1.24 Bn -
6 Mplx 60.05 Bn 59.02 Bn 2.73 Bn 0.60
7 Oneok 59.98 Bn 59.82 Bn 2.81 Bn 0.48
8 Targa Resources 59.50 Bn 59.37 Bn 2.14 Bn 0.69
9 Cheniere Energy 55.93 Bn 54.68 Bn 5.29 Bn 0.50
10 Top Ships 4.05 Mn 4.05 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