TOP Ships Inc. (TOPS) — Cash Flow Quality Index
TOP Ships Inc. (TOPS) has a Cash Flow Quality Index of 54.49x as of December 2023. Operating cash flow of $15.91 Million exceeds net income of $292.00K, indicating high earnings quality where cash backs reported profits. Explore TOP Ships Inc. (TOPS) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
TOP Ships Inc. Cash Flow Quality Index (2002–2024)
Historical Cash Flow Quality Index for TOP Ships Inc. across 14 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see TOP Ships Inc. (TOPS) cash conversion ratio.
Annual Cash Flow Quality Index for TOP Ships Inc. (2002–2024)
Year-by-year earnings quality comparison for TOP Ships Inc..
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 3.44x | $17.32 Million | $5.03 Million | ▼ -27.9% |
| 2023 | 4.77x | $28.93 Million | $6.07 Million | ▲ +170.4% |
| 2022 | 1.76x | $33.42 Million | $18.95 Million | ▼ -5.4% |
| 2021 | 1.86x | $16.06 Million | $8.62 Million | ▼ -70.7% |
| 2016 | 6.37x | $6.70 Million | $1.05 Million | ▲ +758.4% |
| 2014 | -0.97x | $-2.80 Million | $2.90 Million | ▼ -144.4% |
| 2013 | 2.18x | $3.07 Million | $1.41 Million | ▼ -84.6% |
| 2010 | 14.17x | $35.60 Million | $2.51 Million | ▲ +2966.0% |
| 2008 | 0.46x | $11.85 Million | $25.64 Million | ▼ -66.8% |
| 2006 | 1.39x | $21.07 Million | $15.14 Million | ▲ +1.0% |
| 2005 | 1.38x | $94.67 Million | $68.68 Million | ▲ +58.0% |
| 2004 | 0.87x | $28.60 Million | $32.79 Million | ▼ -71.1% |
| 2003 | 3.02x | $4.93 Million | $1.63 Million | ▼ -74.8% |
| 2002 | 11.99x | $2.41 Million | $201.00K | — |