Top Ships Balance Sheet Health
Financial Health criteria checks 2/6
Top Ships has a total shareholder equity of $183.4M and total debt of $240.5M, which brings its debt-to-equity ratio to 131.1%. Its total assets and total liabilities are $459.2M and $275.8M respectively. Top Ships's EBIT is $28.7M making its interest coverage ratio 1.5. It has cash and short-term investments of $36.0M.
Key information
131.1%
Debt to equity ratio
US$240.50m
Debt
Interest coverage ratio | 1.5x |
Cash | US$35.96m |
Equity | US$183.38m |
Total liabilities | US$275.81m |
Total assets | US$459.19m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UER0's short term assets ($38.7M) do not cover its short term liabilities ($41.4M).
Long Term Liabilities: UER0's short term assets ($38.7M) do not cover its long term liabilities ($234.4M).
Debt to Equity History and Analysis
Debt Level: UER0's net debt to equity ratio (111.5%) is considered high.
Reducing Debt: UER0's debt to equity ratio has increased from 122.4% to 131.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable UER0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: UER0 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.8% per year.