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
DateValue
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