Top Ships Balance Sheet Health
Financial Health criteria checks 3/6
Top Ships has a total shareholder equity of $141.3M and total debt of $266.2M, which brings its debt-to-equity ratio to 188.3%. Its total assets and total liabilities are $430.2M and $288.9M respectively. Top Ships's EBIT is $26.7M making its interest coverage ratio 1.3. It has cash and short-term investments of $16.8M.
Key information
188.3%
Debt to equity ratio
US$266.21m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$16.80m |
| Equity | US$141.34m |
| Total liabilities | US$288.88m |
| Total assets | US$430.22m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UER0's short term assets ($21.1M) do not cover its short term liabilities ($33.2M).
Long Term Liabilities: UER0's short term assets ($21.1M) do not cover its long term liabilities ($255.6M).
Debt to Equity History and Analysis
Debt Level: UER0's net debt to equity ratio (176.5%) is considered high.
Reducing Debt: UER0's debt to equity ratio has reduced from 211.1% to 188.3% 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 15.2% per year.