TOP Ships Inc. (TOPS) — Cash Flow-to-Debt Ratio
TOP Ships Inc. (TOPS) has a Cash Flow-to-Debt Ratio of 0.03x as of March 2026, meaning its operating cash flow of $7.21 Million could theoretically repay 0% of its total liabilities ($244.42 Million) in one year. See TOPS financial flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
TOP Ships Inc. Cash Flow-to-Debt Ratio (2002–2025)
Historical debt coverage capacity for TOP Ships Inc. across 24 annual periods. For the full cash flow conversion analysis, see TOP Ships Inc. (TOPS) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for TOP Ships Inc. (2002–2025)
Year-by-year debt coverage analysis for TOP Ships Inc.. Check how high is TOP Ships Inc.'s earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.11x | $26.43 Million | $244.42 Million | ▲ +73.8% |
| 2024 | 0.06x | $17.32 Million | $278.35 Million | ▼ -40.7% |
| 2023 | 0.10x | $28.93 Million | $275.81 Million | ▼ -14.5% |
| 2022 | 0.12x | $33.42 Million | $272.31 Million | ▲ +69.2% |
| 2021 | 0.07x | $16.06 Million | $221.42 Million | ▲ +90.7% |
| 2020 | 0.04x | $6.04 Million | $158.81 Million | ▼ -32.8% |
| 2019 | 0.06x | $19.19 Million | $339.13 Million | ▲ +1119.0% |
| 2018 | 0.00x | $716.00K | $154.21 Million | ▼ -24.4% |
| 2017 | 0.01x | $695.00K | $113.17 Million | ▼ -91.2% |
| 2016 | 0.07x | $6.70 Million | $96.06 Million | ▲ +307.2% |
| 2015 | -0.03x | $-1.39 Million | $41.18 Million | ▲ +60.3% |
| 2014 | -0.08x | $-2.80 Million | $33.05 Million | ▼ -136.1% |
| 2013 | 0.23x | $3.07 Million | $13.07 Million | ▲ +207.9% |
| 2012 | 0.08x | $15.13 Million | $198.34 Million | ▲ +6.2% |
| 2011 | 0.07x | $15.78 Million | $219.69 Million | ▼ -26.0% |
| 2010 | 0.10x | $35.60 Million | $366.61 Million | ▲ +533.1% |
| 2009 | 0.02x | $6.58 Million | $428.73 Million | ▼ -47.4% |
| 2008 | 0.03x | $11.85 Million | $406.32 Million | ▲ +246.0% |
| 2007 | -0.02x | $-11.29 Million | $565.51 Million | ▼ -130.8% |
| 2006 | 0.06x | $21.07 Million | $324.88 Million | ▼ -58.1% |
| 2005 | 0.15x | $94.67 Million | $611.24 Million | ▲ +18.1% |
| 2004 | 0.13x | $28.60 Million | $218.08 Million | ▲ +5.3% |
| 2003 | 0.12x | $4.93 Million | $39.59 Million | ▲ +28.6% |
| 2002 | 0.10x | $2.41 Million | $24.88 Million | — |