Top Ships annual net debt
2014
2015
2016
2017
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2021
2022
2023
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2025
Top Ships Net Debt Growth & History (TOPS)
Top Ships's net debt was $196.2M for fiscal 2025.
View full Top Ships company overviewTop Ships annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $196.2M | −$61.7M | −23.93% |
| 2024 | 2024-12-31 | $258.0M | $38.1M | +17.33% |
| 2023 | 2023-12-31 | $219.9M | −$17.2M | −7.27% |
| 2022 | 2022-12-31 | $237.1M | $55.2M | +30.31% |
| 2021 | 2021-12-31 | $182.0M | $53.6M | +41.73% |
| 2020 | 2020-12-31 | $128.4M | −$176.2M | −57.85% |
| 2019 | 2019-12-31 | $304.6M | $164.0M | +116.64% |
| 2018 | 2018-12-31 | $140.6M | $60.7M | +76.04% |
| 2017 | 2017-12-31 | $79.9M | −$4.5M | −5.38% |
| 2016 | 2016-12-31 | $84.4M | $62.9M | +291.56% |
| 2015 | 2015-12-31 | $21.6M | $2.3M | +11.96% |
| 2014 | 2014-12-31 | $19.3M | — | — |
Top Ships quarterly net debt
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | $196.2M | −$61.7M | −23.93% |
| Q2 2025 | 2025-06-30 | $262.9M | $2.6M | +1.01% |
| Q4 2024 | 2024-12-31 | $258.0M | $38.1M | +17.33% |
| Q2 2024 | 2024-06-30 | $260.3M | $23.1M | +9.72% |
| Q4 2023 | 2023-12-31 | $219.9M | −$17.2M | −7.27% |
| Q2 2023 | 2023-06-30 | $237.2M | −$21.9M | −8.43% |
| Q4 2022 | 2022-12-31 | $237.1M | $55.2M | +30.31% |
| Q2 2022 | 2022-06-30 | $259.0M | $53.9M | +26.27% |
| Q4 2021 | 2021-12-31 | $182.0M | $53.6M | +41.73% |
| Q2 2021 | 2021-06-30 | $205.2M | −$67.9M | −24.86% |
| Q4 2020 | 2020-12-31 | $128.4M | −$176.2M | −57.85% |
| Q2 2020 | 2020-06-30 | $273.0M | −$4.8M | −1.73% |
| Q4 2019 | 2019-12-31 | $304.6M | $164.0M | +116.64% |
| Q2 2019 | 2019-06-30 | $277.9M | $189.7M | +215.22% |
| Q4 2018 | 2018-12-31 | $140.6M | $60.7M | +76.04% |
| Q2 2018 | 2018-06-30 | $88.1M | −$13.0M | −12.86% |
| Q4 2017 | 2017-12-31 | $79.9M | −$4.5M | −5.38% |
| Q2 2017 | 2017-06-30 | $101.2M | $95.9M | +1826.41% |
| Q4 2016 | 2016-12-31 | $84.4M | $62.9M | +291.56% |
| Q2 2016 | 2016-06-30 | $5.3M | — | — |
| Q4 2015 | 2015-12-31 | $21.6M | $2.3M | +11.96% |
| Q4 2014 | 2014-12-31 | $19.3M | — | — |
| Q2 2014 | 2014-06-30 | $6.3M | — | — |
Top Ships net debt trends
Over the last five fiscal years, Top Ships's net debt increased from $128.4M to $196.2M, a change of $67.9M. The latest reported quarter, Q4 2025, shows $196.2M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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