Top Ships (TOPS) Operating Leases (2019 - 2024)
Top Ships (TOPS) posted Operating Leases of $3.2 million for Q2 2024, down 50.01% on a QoQ basis from $6.4 million in Q4 2023, and down 70.7% year-over-year from $10.8 million in Q3 2023.
Analysis
Top Ships (TOPS) Operating Leases (2019 - 2024) Analysis & Trends
Top Ships has reported Operating Leases for 6 years, with the latest figure at $3.2 million in Q2 2024.
- On a quarterly basis, Operating Leases fell 70.7% year-over-year to $3.2 million in Q2 2024; TTM through Jun 2024 was $3.2 million, a 70.7% decrease from a year earlier, with the FY2023 full-year figure at $6.4 million, down 58.55% from the prior year.
- Operating Leases was $3.2 million for Q2 2024 at Top Ships, down from $6.4 million in the prior quarter.
- The five-year high for Operating Leases was $33.8 million in Q4 2020, with the low at $3.2 million in Q2 2024.
- Average Operating Leases over 5 years is $17.7 million, with a median of $17.5 million recorded in 2022.
- The sharpest annual moves came in 2021 and 2024: Operating Leases slipped 29.16% in 2021, then slumped 70.7% in 2024.
- Over 5 years, Operating Leases stood at $33.8 million in 2020, then retreated by 29.16% to $23.9 million in 2021, then sank by 35.95% to $15.3 million in 2022, then sank by 58.55% to $6.4 million in 2023, then slumped by 50.01% to $3.2 million in 2024.
- The last three Operating Leases figures came in at $3.2 million (Q2 2024), $6.4 million (Q4 2023), and $10.8 million (Q2 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn |
| 10 | Top Ships | 1.31 Mn | 1.31 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 3.18 Mn |
| Dec 31, 2023 | 6.36 Mn |
| Jun 30, 2023 | 10.85 Mn |
| Dec 31, 2022 | 15.34 Mn |
| Jun 30, 2022 | 19.64 Mn |
| Dec 31, 2021 | 23.95 Mn |
| Jun 30, 2021 | 28.86 Mn |
| Dec 31, 2020 | 33.81 Mn |
| Jun 30, 2019 | 9.28 Mn |