TOP Ships Inc. (TOPS) - Total Assets
Based on the latest financial reports, TOP Ships Inc. (TOPS) holds total assets worth $422.77 Million USD as of March 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
TOP Ships Inc. - Total Assets Trend (2002–2024)
This chart illustrates how TOP Ships Inc.'s total assets have evolved over time, based on quarterly financial data. Also see market value of TOP Ships Inc. for the company's overall valuation and market capitalisation.
TOP Ships Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
TOP Ships Inc.'s total assets of $422.77 Million consist of 5.5% current assets and 94.5% non-current assets. Review TOPS total debt and obligations to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.8% |
| Accounts Receivable | $1.11 Million | 0.3% |
| Inventory | $983.00K | 0.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2002–2024)
This chart illustrates how TOP Ships Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. See TOP Ships Inc. (TOPS) share price today for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: TOP Ships Inc.'s current assets represent 5.5% of total assets in 2024, an increase from 2.5% in 2002.
- Cash Position: Cash and equivalents constituted 1.8% of total assets in 2024, up from 0.3% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2002.
- Asset Diversification: The largest asset category is accounts receivable at 0.3% of total assets.
TOP Ships Inc. Competitors by Total Assets
Key competitors of TOP Ships Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Viper Energy Ut
NASDAQ:VNOM
|
USA | $12.05 Billion |
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥77.88 Billion |
|
CMB.TECH NV
BR:CMBT
|
Belgium | €8.37 Billion |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
Germany | €535.36 Million |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.42 Trillion |
|
Fluxys Belgium
BR:FLUX
|
Belgium | €3.17 Billion |
|
Enbridge Inc
TO:ENB
|
Canada | CA$231.65 Billion |
|
TC Energy Corp
TO:TRP
|
Canada | CA$120.83 Billion |
TOP Ships Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.71 | 0.94 | 0.28 |
| Quick Ratio | 0.68 | 0.91 | 0.25 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-9.76 Million | $-2.64 Million | $-20.58 Million |
TOP Ships Inc. - Advanced Valuation Insights
This section examines the relationship between TOP Ships Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.22 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | -7.9% |
| Total Assets | $422.77 Million |
| Market Capitalization | $27.76 Million USD |
Valuation Analysis
Below Book Valuation: The market values TOP Ships Inc.'s assets below their book value (0.07x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: TOP Ships Inc.'s assets decreased by 7.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TOP Ships Inc. (2002–2024)
The table below shows the annual total assets of TOP Ships Inc. from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $422.77 Million | -7.93% |
| 2023-12-31 | $459.19 Million | -2.16% |
| 2022-12-31 | $469.34 Million | +41.88% |
| 2021-12-31 | $330.79 Million | +12.88% |
| 2020-12-31 | $293.03 Million | -34.13% |
| 2019-12-31 | $444.89 Million | +72.11% |
| 2018-12-31 | $258.49 Million | +17.26% |
| 2017-12-31 | $220.45 Million | +53.82% |
| 2016-12-31 | $143.32 Million | +90.25% |
| 2015-12-31 | $75.33 Million | -0.32% |
| 2014-12-31 | $75.58 Million | +171.19% |
| 2013-12-31 | $27.87 Million | -86.82% |
| 2012-12-31 | $211.41 Million | -28.67% |
| 2011-12-31 | $296.37 Million | -52.36% |
| 2010-12-31 | $622.09 Million | -7.97% |
| 2009-12-31 | $675.93 Million | -3.21% |
| 2008-12-31 | $698.38 Million | -10.11% |
| 2007-12-31 | $776.92 Million | +48.63% |
| 2006-12-31 | $522.74 Million | -46.71% |
| 2005-12-31 | $980.90 Million | +81.69% |
| 2004-12-31 | $539.89 Million | +865.62% |
| 2003-12-31 | $55.91 Million | +66.16% |
| 2002-12-31 | $33.65 Million | -- |
About TOP Ships Inc.
Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2024, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 5… Read more