TOP Ships Inc. (TOPS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, TOP Ships Inc. (TOPS) has a cash flow conversion efficiency ratio of 0.081x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($7.21 Million) by net assets ($89.19 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See TOPS net asset quality index to measure how much of total assets are equity-financed.
TOP Ships Inc. - Cash Flow Conversion Efficiency Trend (2002–2025)
This chart illustrates how TOP Ships Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Check TOP Ships Inc. (TOPS) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
TOP Ships Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of TOP Ships Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
ConnectM Technology Solutions, Inc.
NASDAQ:CNTM
|
0.098x |
|
E79 Gold Mines Ltd
AU:E79
|
-0.156x |
|
SMIS Corporation Bhd
KLSE:7132
|
-0.034x |
|
Erika Carmel-Tech Ltd
TA:ERKA
|
0.155x |
|
Predilife
PA:ALPRE
|
0.219x |
|
The Dixie Group Inc
NASDAQ:DXYN
|
-0.035x |
|
NuCana PLC
NASDAQ:NCNA
|
-0.038x |
|
Cahaya Bintang Medan Tbk Pt
JK:CBMF
|
0.000x |
Annual Cash Flow Conversion Efficiency for TOP Ships Inc. (2002–2025)
The table below shows the annual cash flow conversion efficiency of TOP Ships Inc. from 2002 to 2025. For the full company profile with market capitalisation and key ratios, see market value of TOP Ships Inc..
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $89.19 Million | $26.43 Million | 0.296x | +147.08% |
| 2024-12-31 | $144.42 Million | $17.32 Million | 0.120x | -23.98% |
| 2023-12-31 | $183.38 Million | $28.93 Million | 0.158x | -6.98% |
| 2022-12-31 | $197.02 Million | $33.42 Million | 0.170x | +15.50% |
| 2021-12-31 | $109.36 Million | $16.06 Million | 0.147x | +226.34% |
| 2020-12-31 | $134.22 Million | $6.04 Million | 0.045x | -75.20% |
| 2019-12-31 | $105.76 Million | $19.19 Million | 0.181x | +2543.31% |
| 2018-12-31 | $104.28 Million | $716.00K | 0.007x | +5.98% |
| 2017-12-31 | $107.27 Million | $695.00K | 0.006x | -95.43% |
| 2016-12-31 | $47.26 Million | $6.70 Million | 0.142x | +449.28% |
| 2015-12-31 | $34.15 Million | $-1.39 Million | -0.041x | +38.38% |
| 2014-12-31 | $42.53 Million | $-2.80 Million | -0.066x | -131.76% |
| 2013-12-31 | $14.79 Million | $3.07 Million | 0.208x | -82.06% |
| 2012-12-31 | $13.08 Million | $15.13 Million | 1.157x | +462.16% |
| 2011-12-31 | $76.68 Million | $15.78 Million | 0.206x | +47.66% |
| 2010-12-31 | $255.48 Million | $35.60 Million | 0.139x | +423.83% |
| 2009-12-31 | $247.20 Million | $6.58 Million | 0.027x | -34.42% |
| 2008-12-31 | $292.05 Million | $11.85 Million | 0.041x | +175.96% |
| 2007-12-31 | $211.41 Million | $-11.29 Million | -0.053x | -150.15% |
| 2006-12-31 | $197.85 Million | $21.07 Million | 0.106x | -58.42% |
| 2005-12-31 | $369.66 Million | $94.67 Million | 0.256x | +188.17% |
| 2004-12-31 | $321.81 Million | $28.60 Million | 0.089x | -70.58% |
| 2003-12-31 | $16.32 Million | $4.93 Million | 0.302x | +10.01% |
| 2002-12-31 | $8.77 Million | $2.41 Million | 0.275x | -- |
About TOP Ships Inc.
Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2025, it had a fleet with a total capacity of 857,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, one 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,0… Read more