Top Ships TOPS
NYSE TOPS
$0.73 -0.03 (-3.95%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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