TOP Ships Inc. Financial Flexibility Index
TOP Ships Inc. financial flexibility index. TOP Ships Inc. (TOPS) has a Financial Flexibility Index of 0.05x as of March 2026. Free cash flow of $13.04 Million (operating CF $7.21 Million minus capex $5.83 Million) represents 0% of total liabilities ($244.42 Million). Explore TOP Ships Inc. capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of TOP Ships Inc. (2002–2025)
Financial flexibility index of TOP Ships Inc. from 2002 to 2025. Historical Financial Flexibility Index trend for TOP Ships Inc. across 24 annual periods. Check TOP Ships Inc. (TOPS) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
TOP Ships Inc. Financial Flexibility Index by Year (2002–2025)
TOP Ships Inc. financial flexibility index by year from 2002 to 2025. Year-by-year free cash flow to debt coverage for TOP Ships Inc.. For the full cash flow conversion analysis, see TOPS cash flow conversion.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.15x | $35.74 Million | $26.43 Million | $244.42 Million | ▲ +135.0% |
| 2024 | 0.06x | $17.32 Million | $17.32 Million | $278.35 Million | ▼ -40.7% |
| 2023 | 0.10x | $28.93 Million | $28.93 Million | $275.81 Million | ▼ -88.6% |
| 2022 | 0.92x | $250.13 Million | $33.42 Million | $272.31 Million | ▲ +54.6% |
| 2021 | 0.59x | $131.57 Million | $16.06 Million | $221.42 Million | ▼ -25.6% |
| 2020 | 0.80x | $126.86 Million | $6.04 Million | $158.81 Million | ▲ +21.8% |
| 2019 | 0.66x | $222.42 Million | $19.19 Million | $339.13 Million | ▲ +57.4% |
| 2018 | 0.42x | $64.27 Million | $716.00K | $154.21 Million | ▲ +12.0% |
| 2017 | 0.37x | $42.12 Million | $695.00K | $113.17 Million | ▼ -55.4% |
| 2016 | 0.83x | $80.09 Million | $6.70 Million | $96.06 Million | ▼ -34.0% |
| 2015 | 1.26x | $52.02 Million | $-1.39 Million | $41.18 Million | ▼ -3.1% |
| 2014 | 1.30x | $43.11 Million | $-2.80 Million | $33.05 Million | ▼ -2.4% |
| 2013 | 1.34x | $17.47 Million | $3.07 Million | $13.07 Million | ▲ +1651.1% |
| 2012 | 0.08x | $15.14 Million | $15.13 Million | $198.34 Million | ▲ +3.9% |
| 2011 | 0.07x | $16.14 Million | $15.78 Million | $219.69 Million | ▼ -25.2% |
| 2010 | 0.10x | $36.02 Million | $35.60 Million | $366.61 Million | ▲ +468.3% |
| 2009 | 0.02x | $7.41 Million | $6.58 Million | $428.73 Million | ▼ -97.1% |
| 2008 | 0.61x | $246.04 Million | $11.85 Million | $406.32 Million | ▼ -10.9% |
| 2007 | 0.68x | $384.39 Million | $-11.29 Million | $565.51 Million | ▲ +321.4% |
| 2006 | 0.16x | $52.41 Million | $21.07 Million | $324.88 Million | ▼ -87.2% |
| 2005 | 1.26x | $772.62 Million | $94.67 Million | $611.24 Million | ▼ -27.9% |
| 2004 | 1.75x | $382.36 Million | $28.60 Million | $218.08 Million | ▲ +158.1% |
| 2003 | 0.68x | $26.89 Million | $4.93 Million | $39.59 Million | ▼ -19.4% |
| 2002 | 0.84x | $20.96 Million | $2.41 Million | $24.88 Million | — |