Top Ships (TOPS) Total Debt (2009 - 2025)
Top Ships (TOPS) posted Total Debt of $216.8 million for Q4 2025, down 18.62% on a QoQ basis from $266.3 million in Q2 2025, and down 16.77% year-over-year from $260.4 million in Q4 2024.
Analysis
Top Ships (TOPS) Total Debt (2009 - 2025) Analysis & Trends
Top Ships has reported Total Debt for 17 years, with the latest figure at $216.8 million in Q4 2025.
- On a quarterly basis, Total Debt fell 16.77% year-over-year to $216.8 million in Q4 2025; TTM through Dec 2025 was $216.8 million, a 16.77% decrease from a year earlier, with the FY2025 full-year figure at $216.8 million, down 16.77% from the prior year.
- Total Debt was $216.8 million for Q4 2025 at Top Ships, down from $266.3 million in the prior quarter.
- The five-year high for Total Debt was $266.3 million in Q2 2025, with the low at $127.1 million in Q4 2021.
- Average Total Debt over 5 years is $225.1 million, with a median of $239.5 million recorded in 2022.
- The sharpest annual moves came in 2021 and 2022: Total Debt sank 42.98% in 2021, then surged 84.04% in 2022.
- Over 5 years, Total Debt stood at $127.1 million in 2021, then soared by 84.04% to $234.0 million in 2022, then grew by 4.79% to $245.1 million in 2023, then climbed by 6.23% to $260.4 million in 2024, then slipped by 16.77% to $216.8 million in 2025.
- The last three Total Debt figures came in at $216.8 million (Q4 2025), $266.3 million (Q2 2025), and $260.4 million (Q4 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 2.43 Bn |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 1.04 Bn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 372.10 Mn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 684.83 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 1.24 Bn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | - |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 728.88 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 1.07 Bn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 1.08 Bn |
| 10 | Top Ships | 1.31 Mn | 1.31 Mn | - | 216.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 216.75 Mn |
| Jun 30, 2025 | 266.33 Mn |
| Dec 31, 2024 | 260.43 Mn |
| Jun 30, 2024 | 266.21 Mn |
| Dec 31, 2023 | 245.15 Mn |
| Jun 30, 2023 | 227.18 Mn |
| Dec 31, 2022 | 233.95 Mn |
| Jun 30, 2022 | 246.25 Mn |
| Dec 31, 2021 | 127.12 Mn |
| Jun 30, 2021 | 161.96 Mn |
| Dec 31, 2020 | 115.10 Mn |
| Jun 30, 2020 | 284.05 Mn |
| Dec 31, 2019 | 295.62 Mn |
| Jun 30, 2019 | 266.93 Mn |
| Dec 31, 2018 | 115.79 Mn |
| Jun 30, 2018 | 92.58 Mn |
| Dec 31, 2017 | 93.89 Mn |
| Jun 30, 2017 | 99.58 Mn |
| Dec 31, 2016 | 81.56 Mn |
| Jun 30, 2016 | 71.23 Mn |