Top Ships (TOPS) Total Debt (2009 - 2025)
Top Ships (TOPS) posted quarterly Total Debt of $216.6 million for Q4 2025, down 16.45% year-on-year from $259.3 million in Q4 2024, and down 18.53% on a QoQ basis from $265.9 million in Q2 2025.
Top Ships (TOPS) Total Debt (2009 - 2025) Analysis & Trends
Top Ships (TOPS) has reported Total Debt for 17 consecutive years, with $216.6 million the latest figure, recorded in Q4 2025.
- Quarterly Total Debt fell 16.45% year-over-year to $216.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $216.6 million (down 16.45% YoY) and the FY2025 annual result came in at $216.6 million, down 16.45% from the prior year.
- Total Debt declined to $216.6 million in Q4 2025 per TOPS's latest filing, 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.
- A 5-year average of $223.0 million and a median of $237.1 million in 2022 frame the typical range for Total Debt.
- Annual changes were most pronounced in 2021 — Total Debt plunged 44.1% — and 2022, when it surged 94.89%.
- Year by year, Total Debt stood at $119.9 million in 2021, then surged by 94.89% to $233.7 million in 2022, then gained by 2.9% to $240.5 million in 2023, then increased by 7.8% to $259.3 million in 2024, then retreated by 16.45% to $216.6 million in 2025.
- According to Business Quant data, Total Debt over the past three periods registered $216.6 million, $265.9 million, and $259.3 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 110.18 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 1.82 Bn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 32.25 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 78.78 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 33.91 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 33.55 Bn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 69.36 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 19.03 Bn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 33.65 Bn |
| 10 | Top Ships | 4.15 Mn | 4.15 Mn | - | 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 | 105.77 Mn |
| Jun 30, 2020 | 278.65 Mn |
| Dec 31, 2019 | 295.94 Mn |
| Jun 30, 2019 | 301.09 Mn |
| Dec 31, 2018 | 121.78 Mn |
| Jun 30, 2018 | 88.73 Mn |
| Dec 31, 2017 | 93.77 Mn |
| Jun 30, 2017 | 98.97 Mn |
| Dec 31, 2016 | 80.45 Mn |
| Jun 30, 2016 | 64.18 Mn |