Top Ships annual debt-to-assets ratio
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Top Ships Debt-to-Assets Ratio Growth & History (TOPS)
Top Ships's debt-to-assets ratio was 0.65 for fiscal 2025.
View full Top Ships company overviewTop Ships annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.65 | 0.02 | +3.35% |
| 2024 | 2024-12-31 | 0.63 | 0.07 | +12.77% |
| 2023 | 2023-12-31 | 0.56 | 0.01 | +1.49% |
| 2022 | 2022-12-31 | 0.55 | −0.01 | −1.48% |
| 2021 | 2021-12-31 | 0.56 | 0.05 | +10.55% |
| 2020 | 2020-12-31 | 0.50 | −0.19 | −27.43% |
| 2019 | 2019-12-31 | 0.69 | 0.15 | +27.64% |
| 2018 | 2018-12-31 | 0.54 | 0.07 | +15.40% |
| 2017 | 2017-12-31 | 0.47 | −0.12 | −20.06% |
| 2016 | 2016-12-31 | 0.59 | 0.26 | +80.20% |
| 2015 | 2015-12-31 | 0.33 | 0.07 | +27.40% |
| 2014 | 2014-12-31 | 0.26 | — | — |
| 2012 | 2012-12-31 | 0.71 | 0.12 | +21.18% |
| 2011 | 2011-12-31 | 0.59 | 0.04 | +8.24% |
| 2010 | 2010-12-31 | 0.54 | — | — |
Top Ships quarterly debt-to-assets ratio
Q4.10
Q4.11
Q4.12
Q2.14
Q4.14
Q4.15
Q2.16
Q4.16
Q2.17
Q4.17
Q2.18
Q4.18
Q2.19
Q4.19
Q2.20
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q2.25
Q4.25
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 0.65 | 0.02 | +3.35% |
| Q2 2025 | 2025-06-30 | 0.63 | −0.01 | −2.00% |
| Q4 2024 | 2024-12-31 | 0.63 | 0.07 | +12.77% |
| Q2 2024 | 2024-06-30 | 0.64 | 0.09 | +16.42% |
| Q4 2023 | 2023-12-31 | 0.56 | 0.01 | +1.49% |
| Q2 2023 | 2023-06-30 | 0.55 | −0.02 | −3.78% |
| Q4 2022 | 2022-12-31 | 0.55 | −0.01 | −1.48% |
| Q2 2022 | 2022-06-30 | 0.57 | −0.03 | −4.95% |
| Q4 2021 | 2021-12-31 | 0.56 | 0.05 | +10.55% |
| Q2 2021 | 2021-06-30 | 0.60 | −0.04 | −6.53% |
| Q4 2020 | 2020-12-31 | 0.50 | −0.19 | −27.43% |
| Q2 2020 | 2020-06-30 | 0.65 | −0.02 | −2.42% |
| Q4 2019 | 2019-12-31 | 0.69 | 0.15 | +27.64% |
| Q2 2019 | 2019-06-30 | 0.66 | 0.26 | +63.87% |
| Q4 2018 | 2018-12-31 | 0.54 | 0.07 | +15.40% |
| Q2 2018 | 2018-06-30 | 0.40 | −0.14 | −26.25% |
| Q4 2017 | 2017-12-31 | 0.47 | −0.12 | −20.06% |
| Q2 2017 | 2017-06-30 | 0.55 | 0.50 | +1049.94% |
| Q4 2016 | 2016-12-31 | 0.59 | 0.26 | +80.20% |
| Q2 2016 | 2016-06-30 | 0.05 | — | — |
| Q4 2015 | 2015-12-31 | 0.33 | 0.07 | +27.40% |
| Q4 2014 | 2014-12-31 | 0.26 | — | — |
| Q2 2014 | 2014-06-30 | 0.25 | — | — |
| Q4 2012 | 2012-12-31 | 0.71 | 0.12 | +21.18% |
| Q4 2011 | 2011-12-31 | 0.59 | 0.04 | +8.24% |
| Q4 2010 | 2010-12-31 | 0.54 | — | — |
Top Ships debt-to-assets ratio trends
Over the last five fiscal years, Top Ships's debt-to-assets ratio increased from 0.50 to 0.65, a change of 0.15. The latest reported quarter, Q4 2025, shows 0.65.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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