TOP Ships (TOP Ships) Debt-to-Asset : 0.57 (As of Dec. 2023)

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What is TOP Ships Debt-to-Asset?

TOP Ships's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $26.40 Mil. TOP Ships's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $234.44 Mil. TOP Ships's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $459.19 Mil. TOP Ships's debt to asset for the quarter that ended in Dec. 2023 was 0.57.

TOP Ships Debt-to-Asset Historical Data

The historical data trend for TOP Ships's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TOP Ships Debt-to-Asset Chart

TOP Ships Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.70

0.50

0.56

0.57

TOP Ships Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.56	0.58	0.56	0.56	0.57

Competitive Comparison of TOP Ships's Debt-to-Asset

For the Oil & Gas Midstream subindustry, TOP Ships's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TOP Ships's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TOP Ships's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where TOP Ships's Debt-to-Asset falls into.

TOP Ships Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TOP Ships's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(26.398	+	234.437)	/	459.189
	=	0.57

TOP Ships's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(26.398	+	234.437)	/	459.189
	=	0.57

TOP Ships (AMEX:TOPS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

TOP Ships Debt-to-Asset Related Terms

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TOP Ships (TOP Ships) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TOP Ships Inc (AMEX:TOPS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

UER0:Germany

Address

1 Vasilisis Sofias and Megalou Alexandrou Street, Maroussi, GRC, 15124

Website

https://www.topships.org

TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.

Executives

Ronin Capital, Llc

10 percent owner

350 N. ORLEANS, SUITE 2N, CHICAGO IL 60654