Top Ships (TOPS) Debt to Equity (2009 - 2025)

Top Ships has disclosed Debt to Equity across 17 years of filings, most recently posting $2.43 for Q4 2025.

• Debt to Equity for Q4 2025 came in at $2.43, up 35.29% year-over-year; the trailing twelve-month figure through Dec 2025 was $2.43 (up 35.29% YoY), and the FY2025 annual result was $2.43, up 35.29% from the prior year.
• Debt to Equity came in at $2.43 for Q4 2025 at Top Ships, up from $2.09 in the prior quarter.
• Over the last five years, Debt to Equity for TOPS reached as high as $2.76 in Q2 2022 and fell as low as $1.29 in Q4 2021.
• Median Debt to Equity over the past 5 years was $1.88 (2024), compared with a mean of $1.99.
• Year-over-year, Debt to Equity soared 64.17% in 2022 and plunged 34.43% in 2023.
• Over 5 years, Debt to Equity stood at $1.29 in 2021, then soared by 64.17% to $2.11 in 2022, then retreated by 18.34% to $1.72 in 2023, then increased by 4.1% to $1.8 in 2024, then soared by 35.29% to $2.43 in 2025.
• Per Business Quant, the three latest TOPS Debt to Equity figures stand at $2.43 (Q4 2025), $2.09 (Q2 2025), and $1.8 (Q4 2024).