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
Is Top Ships (NASDAQ:TOPS) Using Too Much Debt?
Nov 16
Is Top Ships (NASDAQ:TOPS) A Risky Investment?
Aug 11Recent updates
Is Top Ships (NASDAQ:TOPS) Using Too Much Debt?
Nov 16Top Ships (NASDAQ:TOPS) Might Have The Makings Of A Multi-Bagger
Oct 05Is Top Ships (NASDAQ:TOPS) A Risky Investment?
Aug 11The Market Lifts Top Ships Inc. (NASDAQ:TOPS) Shares 26% But It Can Do More
Aug 11Top Ships (NASDAQ:TOPS) Is Looking To Continue Growing Its Returns On Capital
Jun 28The Return Trends At Top Ships (NASDAQ:TOPS) Look Promising
Oct 07TOP Ships stock dips on termination of ATM equity program
Oct 06TOP Ships reports 1H results
Sep 28TOP Ships gains 17% aftermarket on 1-for-20 reverse stock split
Sep 21Top Ships' (NASDAQ:TOPS) Solid Earnings May Rest On Weak Foundations
Apr 28Shipping Is Hot, Top Ships Is Still A Casino Stock With No Value
Mar 21Top Ships' (NASDAQ:TOPS) Returns On Capital Are Heading Higher
Jan 25Here's Why Top Ships (NASDAQ:TOPS) Is Weighed Down By Its Debt Load
Dec 02Returns On Capital Are Showing Encouraging Signs At Top Ships (NASDAQ:TOPS)
May 08Top Ships: Cheap For Good Reason With Dilution Likely To Resume Later This Year - Avoid
Apr 27Financial Position Analysis
Short Term Liabilities: TOPS's short term assets ($21.1M) do not cover its short term liabilities ($33.2M).
Long Term Liabilities: TOPS's short term assets ($21.1M) do not cover its long term liabilities ($255.6M).
Debt to Equity History and Analysis
Debt Level: TOPS's net debt to equity ratio (176.5%) is considered high.
Reducing Debt: TOPS'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 TOPS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TOPS 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.
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 17:52 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Top Ships Inc. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tanjila Shafi | CFRA Equity Research |
| Glenn Lodden | DNB Markets |
| Tate Sullivan | Maxim Group |