Top Ships (TOPS) Total Debt (2009 - 2025)
Top Ships (TOPS) posted Total Debt of $216.6 million for Q4 2025, down 18.53% on a QoQ basis from $265.9 million in Q2 2025, and down 16.45% year-on-year from $259.3 million in Q4 2024.
Top Ships (TOPS) Total Debt (2009 - 2025) Analysis & Trends
Top Ships has disclosed Total Debt across 17 years of filings, most recently posting $216.6 million for Q4 2025.
- Total Debt for Q4 2025 came in at $216.6 million, down 16.45% year-over-year; the trailing twelve-month figure through Dec 2025 was $216.6 million (down 16.45% YoY), and the FY2025 annual result was $216.6 million, down 16.45% from the prior year.
- Total Debt came in at $216.6 million for Q4 2025 at Top Ships, down from $265.9 million in the prior quarter.
- Over the last five years, Total Debt for TOPS reached as high as $266.2 million in Q2 2024 and fell as low as $119.9 million in Q4 2021.
- Median Total Debt over the past 5 years was $237.1 million (2022), compared with a mean of $223.0 million.
- Year-over-year, Total Debt plunged 44.1% in 2021 and surged 94.89% in 2022.
- Over 5 years, Total Debt stood at $119.9 million in 2021, then soared by 94.89% to $233.7 million in 2022, then increased by 2.9% to $240.5 million in 2023, then climbed by 7.8% to $259.3 million in 2024, then declined by 16.45% to $216.6 million in 2025.
- Per Business Quant, the three latest TOPS Total Debt figures stand at $216.6 million (Q4 2025), $265.9 million (Q2 2025), and $259.3 million (Q4 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 78.78 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 32.06 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 33.91 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 69.34 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 19.13 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 25.63 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 32.01 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 14.22 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 36.58 Bn |
| 10 | Top Ships | 35,420.00 | 35,420.00 | - | 216.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 216.61 Mn |
| Jun 30, 2025 | 265.89 Mn |
| Dec 31, 2024 | 259.26 Mn |
| Jun 30, 2024 | 266.21 Mn |
| Dec 31, 2023 | 240.50 Mn |
| Jun 30, 2023 | 227.18 Mn |
| Dec 31, 2022 | 233.71 Mn |
| Jun 30, 2022 | 244.46 Mn |
| Dec 31, 2021 | 119.92 Mn |
| Jun 30, 2021 | 155.77 Mn |
| Dec 31, 2020 | 100.45 Mn |
| Jun 30, 2020 | 278.65 Mn |
| Dec 31, 2019 | 279.03 Mn |
| Jun 30, 2019 | 266.24 Mn |
| Dec 31, 2018 | 105.58 Mn |
| Jun 30, 2018 | 59.48 Mn |
| Dec 31, 2017 | 84.38 Mn |
| Jun 30, 2017 | 98.97 Mn |
| Dec 31, 2016 | 80.45 Mn |
| Jun 30, 2016 | 48.21 Mn |