Top Ships (TOPS) Debt Ratio (2009 - 2026)
Top Ships' (TOPS) Debt Ratio came in at 0.70 for the quarter ended Jun 30, 2026, up 11.9% from 0.62 a year earlier.
Powered by 
Analysis
Top Ships (TOPS) Debt Ratio (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Top Ships' Debt Ratio stood at 0.65, up 5.9% from the prior year.
- Annual Debt Ratio has increased for five consecutive years.
- In prior years, Top Ships' Debt Ratio was 0.61 in the year ended Dec 31, 2024 (+17.1%), 0.52 in the year ended Dec 31, 2023 (+5.2%), 0.50 in the year ended Dec 31, 2022 (+9.4%) and 0.46 in the year ended Dec 31, 2021 (+27.5%).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Debt Ratio since the quarter ended Jun 30, 2013.
- The strongest year-over-year quarter for Debt Ratio in the past five years was the quarter ended Dec 31, 2021, with growth of 27.5%; the weakest was the quarter ended Jun 30, 2023, with a decline of 1.0%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - | 0.42 |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - | 0.42 |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - | 0.36 |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - | 0.29 |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - | 0.25 |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - | 0.36 |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - | 0.16 |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - | 0.31 |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - | 0.00 |
| 10 | Top Ships | 15.87 Mn | -33.55 Mn | - | 0.70 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.70 |
| 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 | 0.46 |
| Jun 30, 2021 | 0.50 |
| Dec 31, 2020 | 0.36 |
| Jun 30, 2020 | 0.65 |
| Dec 31, 2019 | 0.69 |
| Jun 30, 2019 | 0.63 |
| Dec 31, 2018 | 0.48 |
| Jun 30, 2018 | 0.48 |
| Dec 31, 2017 | 0.47 |
| Jun 30, 2017 | 0.55 |
| Dec 31, 2016 | 0.56 |
API Access
Top Ships Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TOPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TOPS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TOPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();