Top Ships (TOPS) Operating Leases (2019 - 2024)

Top Ships (TOPS) has reported Operating Leases for 6 consecutive years, with $3.2 million the latest figure, recorded in Q2 2024.

• Quarterly Operating Leases fell 70.7% year-over-year to $3.2 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was $3.2 million (down 70.7% YoY) and the FY2023 annual result came in at $6.4 million, down 58.55% from the prior year.
• Operating Leases fell to $3.2 million in Q2 2024 per TOPS's latest filing, from $6.4 million in the prior quarter.
• Over the last five years, Operating Leases for TOPS reached as high as $33.8 million in Q4 2020 and fell as low as $3.2 million in Q2 2024.
• A 5-year average of $17.7 million and a median of $17.5 million in 2022 frame the typical range for Operating Leases.
• Annual changes were most pronounced in 2021 — Operating Leases slipped 29.16% — and 2024, when it slumped 70.7%.
• Year by year, Operating Leases stood at $33.8 million in 2020, then decreased by 29.16% to $23.9 million in 2021, then slumped by 35.95% to $15.3 million in 2022, then slumped by 58.55% to $6.4 million in 2023, then tumbled by 50.01% to $3.2 million in 2024.
• According to Business Quant data, Operating Leases over the past three periods registered $3.2 million, $6.4 million, and $10.8 million for Q2 2024, Q4 2023, and Q2 2023 respectively.