Growth Metrics

Top Ships (TOPS) Debt to Equity (2016 - 2025)

Top Ships has reported Debt to Equity over the past 17 years, most recently at $2.43 for Q4 2025.

  • For Q4 2025, Debt to Equity rose 35.29% year-over-year to $2.43; the TTM value through Dec 2025 reached $2.43, up 35.29%, while the annual FY2025 figure was $2.43, 35.29% up from the prior year.
  • Debt to Equity for Q4 2025 was $2.43 at Top Ships, up from $2.09 in the prior quarter.
  • Over five years, Debt to Equity peaked at $2.76 in Q2 2022 and troughed at $1.29 in Q4 2021.
  • A 5-year average of $1.93 and a median of $1.81 in 2023 define the central range for Debt to Equity.
  • Biggest five-year swings in Debt to Equity: plummeted 36.58% in 2021 and later soared 97.79% in 2022.
  • Year by year, Debt to Equity stood at $1.29 in 2021, then surged by 64.17% to $2.11 in 2022, then fell by 18.34% to $1.72 in 2023, then grew by 4.1% to $1.8 in 2024, then surged by 35.29% to $2.43 in 2025.
  • Business Quant data shows Debt to Equity for TOPS at $2.43 in Q4 2025, $2.09 in Q2 2025, and $1.8 in Q4 2024.