TOP Ships Inc. Working Capital to Net Assets Ratio
TOP Ships Inc. working capital to net assets ratio. TOP Ships Inc. (TOPS) has a Working Capital to Net Assets ratio of -6.8% as of March 2025. Working capital of $-9.76 Million (current assets of $23.44 Million minus current liabilities of $33.19 Million) is measured against net assets of $144.42 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible net worth ratio of TOP Ships Inc. to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of TOP Ships Inc. (2002–2024)
Working capital to net assets ratio of TOP Ships Inc. from 2002 to 2024. This chart shows how TOP Ships Inc.'s Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of March 2025, the ratio stands at -6.8%, reflecting working capital of $-9.76 Million against net assets of $144.42 Million USD. See defensive interval ratio of TOP Ships Inc. to measure how many days the company can operate on defensive assets alone.
TOP Ships Inc. Working Capital to Net Assets Ratio by Year (2002–2024)
TOP Ships Inc. working capital to net assets ratio by year from 2002 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for TOP Ships Inc. from 2002 to 2024, covering 23 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see TOPS total asset value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -6.8% | $-9.76 Million | $144.42 Million | $23.44 Million | $33.19 Million | ▼ -5.3 pp |
| 2023 | -1.4% | $-2.64 Million | $183.38 Million | $38.73 Million | $41.37 Million | ▲ +3.3 pp |
| 2022 | -4.7% | $-9.34 Million | $197.02 Million | $22.89 Million | $32.23 Million | ▲ +29.3 pp |
| 2021 | -34.1% | $-31.75 Million | $93.22 Million | $75.33 Million | $107.09 Million | ▼ -48.7 pp |
| 2020 | 14.7% | $19.67 Million | $134.22 Million | $45.09 Million | $25.41 Million | ▲ +38.0 pp |
| 2019 | -23.3% | $-24.68 Million | $105.76 Million | $50.74 Million | $75.42 Million | ▲ +6.9 pp |
| 2018 | -30.2% | $-31.53 Million | $104.28 Million | $5.29 Million | $36.82 Million | ▼ -33.5 pp |
| 2017 | 3.2% | $3.47 Million | $107.27 Million | $29.05 Million | $25.58 Million | ▲ +36.0 pp |
| 2016 | -32.8% | $-15.49 Million | $47.26 Million | $4.54 Million | $20.03 Million | ▲ +5.3 pp |
| 2015 | -38.1% | $-13.01 Million | $34.15 Million | $5.27 Million | $18.27 Million | ▼ -19.0 pp |
| 2014 | -19.1% | $-8.11 Million | $42.53 Million | $1.23 Million | $9.33 Million | ▼ -30.3 pp |
| 2013 | 11.2% | $1.66 Million | $14.79 Million | $10.26 Million | $8.61 Million | ▲ +1287.3 pp |
| 2012 | -1276.1% | $-166.90 Million | $13.08 Million | $26.73 Million | $193.63 Million | ▼ -1009.0 pp |
| 2011 | -267.1% | $-204.82 Million | $76.68 Million | $14.87 Million | $219.69 Million | ▼ -124.9 pp |
| 2010 | -142.2% | $-363.19 Million | $255.48 Million | $3.42 Million | $366.61 Million | ▲ +23.3 pp |
| 2009 | -165.5% | $-409.10 Million | $247.20 Million | $3.79 Million | $412.89 Million | ▼ -52.6 pp |
| 2008 | -112.9% | $-329.85 Million | $292.05 Million | $57.09 Million | $386.93 Million | ▼ -88.8 pp |
| 2007 | -24.2% | $-51.13 Million | $211.41 Million | $102.16 Million | $153.29 Million | ▼ -40.5 pp |
| 2006 | 16.3% | $32.19 Million | $197.85 Million | $72.80 Million | $40.61 Million | ▲ +18.6 pp |
| 2005 | -2.3% | $-8.57 Million | $369.66 Million | $67.57 Million | $76.14 Million | ▼ -32.8 pp |
| 2004 | 30.5% | $98.24 Million | $321.81 Million | $141.05 Million | $42.81 Million | ▲ +56.3 pp |
| 2003 | -25.8% | $-4.20 Million | $16.32 Million | $4.86 Million | $9.07 Million | ▲ +15.1 pp |
| 2002 | -40.8% | $-3.58 Million | $8.77 Million | $845.00K | $4.43 Million | — |