TOP Ships Inc. Cash Flow Quality Index
TOP Ships Inc. cash flow quality index. TOP Ships Inc. (TOPS) has a Cash Flow Quality Index of 2.54x as of September 2025. Operating cash flow of $19.23 Million exceeds net income of $7.56 Million, indicating high earnings quality where cash backs reported profits. Explore TOPS debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of TOP Ships Inc. (2002–2025)
Cash flow quality index of TOP Ships Inc. from 2002 to 2025. Historical Cash Flow Quality Index for TOP Ships Inc. across 15 annual periods. Values consistently above 1.0x indicate high-quality earnings. See TOP Ships Inc. balance sheet quality to measure how much of total assets are equity-financed.
TOP Ships Inc. Cash Flow Quality Index by Year (2002–2025)
TOP Ships Inc. cash flow quality index by year from 2002 to 2025. Year-by-year earnings quality comparison for TOP Ships Inc.. For the full cash flow conversion analysis, see cash flow conversion of TOP Ships Inc..
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 8.56x | $26.43 Million | $3.09 Million | ▲ +148.9% |
| 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 | — |