TOP Ships Inc. (TOPS) — Defensive Interval Ratio
TOP Ships Inc. (TOPS) has a Defensive Interval Ratio of 20 days as of March 2026. Defensive assets of $2.14 Million (cash $-, short-term investments $-, receivables $2.14 Million) cover 20 days of daily cash needs of $108.37K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
TOP Ships Inc. Defensive Interval Ratio (2002–2025)
This chart shows how TOP Ships Inc.'s Defensive Interval Ratio has evolved across 24 annual periods from 2002 to 2025. As of March 2026, the ratio stands at 20 days, meaning defensive assets of $2.14 Million can fund 20 days of operations without new revenue. For the complete balance sheet picture, see how large is TOP Ships Inc.'s balance sheet.
Annual Defensive Interval Ratio for TOP Ships Inc. (2002–2025)
The table below presents the year-by-year Defensive Interval Ratio for TOP Ships Inc. from 2002 to 2025, covering 24 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See TOP Ships Inc. current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 20 days | $2.14 Million | $108.37K/day | $- | $- | ▲ +8 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 | $- | $- | — |