TOP Ships Inc. (TOPS) — Defensive Interval Ratio
TOP Ships Inc. (TOPS) has a Defensive Interval Ratio of 12 days as of March 2025. Defensive assets of $1.11 Million (cash $-, short-term investments $-, receivables $1.11 Million) cover 12 days of daily cash needs of $90.94K/day. Check TOPS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
TOP Ships Inc. Defensive Interval Ratio (2002–2024)
This chart shows how TOP Ships Inc.'s Defensive Interval Ratio has evolved across 23 annual periods from 2002 to 2024. As of March 2025, the ratio stands at 12 days, meaning defensive assets of $1.11 Million can fund 12 days of operations without new revenue. Also explore net asset momentum of TOP Ships Inc. to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for TOP Ships Inc. (2002–2024)
The table below presents the year-by-year Defensive Interval Ratio for TOP Ships Inc. from 2002 to 2024, covering 23 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see TOP Ships Inc. stock valuation.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 12 days | $1.11 Million | $90.94K/day | $- | $- | ▲ +9 days |
| 2023 | 3 days | $317.00K | $113.35K/day | $- | $- | ▲ +3 days |
| 2022 | 0 days | $8.00K | $88.32K/day | $- | $- | ▼ 0 days |
| 2021 | 0 days | $76.00K | $293.39K/day | $- | $- | ▼ -349 days |
| 2020 | 350 days | $24.34 Million | $69.63K/day | $- | $- | ▲ +346 days |
| 2019 | 4 days | $724.00K | $206.62K/day | $- | $82.00K | ▼ -9 days |
| 2018 | 12 days | $1.23 Million | $100.87K/day | $- | $- | ▼ -17 days |
| 2017 | 29 days | $2.06 Million | $70.08K/day | $- | $1.28 Million | ▲ +3 days |
| 2016 | 26 days | $1.43 Million | $54.88K/day | $- | $1.26 Million | ▲ +24 days |
| 2015 | 2 days | $107.00K | $50.07K/day | $- | $- | ▼ -4 days |
| 2014 | 7 days | $169.00K | $25.57K/day | $- | $- | ▼ -14 days |
| 2013 | 20 days | $481.00K | $23.58K/day | $- | $- | ▲ +18 days |
| 2012 | 3 days | $1.46 Million | $530.49K/day | $- | $- | ▼ -4 days |
| 2011 | 7 days | $4.11 Million | $601.89K/day | $- | $- | ▲ +6 days |
| 2010 | 0 days | $482.00K | $1.00 Million/day | $- | $- | ▼ -2 days |
| 2009 | 2 days | $2.40 Million | $1.13 Million/day | $- | $- | ▼ -2 days |
| 2008 | 4 days | $4.21 Million | $1.06 Million/day | $- | $- | ▼ -32 days |
| 2007 | 36 days | $15.18 Million | $419.97K/day | $- | $- | ▼ -208 days |
| 2006 | 244 days | $27.19 Million | $111.26K/day | $- | $- | ▲ +55 days |
| 2005 | 189 days | $39.53 Million | $208.61K/day | $- | $- | ▲ +17 days |
| 2004 | 172 days | $20.19 Million | $117.29K/day | $- | $- | ▲ +139 days |
| 2003 | 33 days | $818.00K | $24.84K/day | $- | $- | ▲ +22 days |
| 2002 | 11 days | $129.00K | $12.13K/day | $- | $- | — |