TOP Short Long Term Debt Total vs Total Assets Analysis

TOPS Stock  USD 7.84  0.16  2.08%   
TOP Ships financial indicator trend analysis is much more than just breaking down TOP Ships prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TOP Ships is a good investment. Please check the relationship between TOP Ships Short Long Term Debt Total and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TOP Ships. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy TOP Stock please use our How to Invest in TOP Ships guide.

Short Long Term Debt Total vs Total Assets

Short Long Term Debt Total vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TOP Ships Short Long Term Debt Total account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between TOP Ships' Short Long Term Debt Total and Total Assets is 0.97. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of TOP Ships, assuming nothing else is changed. The correlation between historical values of TOP Ships' Short Long Term Debt Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of TOP Ships are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Long Term Debt Total i.e., TOP Ships' Short Long Term Debt Total and Total Assets go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Short Long Term Debt Total

Total Assets

Total assets refers to the total amount of TOP Ships assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in TOP Ships books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from TOP Ships' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TOP Ships current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TOP Ships. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy TOP Stock please use our How to Invest in TOP Ships guide.At this time, TOP Ships' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 6.17 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 12.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense7.0M14.4M23.0M12.6M
Depreciation And Amortization7.7M13.3M14.3M12.6M

TOP Ships fundamental ratios Correlations

0.970.330.290.870.990.95-0.510.080.470.990.030.150.850.480.110.610.860.680.380.680.960.990.660.240.09
0.970.380.390.760.970.99-0.440.130.350.970.020.090.820.360.040.490.810.620.440.580.990.970.630.350.04
0.330.380.8-0.020.30.43-0.140.6-0.250.280.120.13-0.06-0.24-0.050.14-0.06-0.020.680.130.50.280.50.730.33
0.290.390.8-0.090.30.45-0.040.67-0.290.280.2-0.01-0.19-0.28-0.040.05-0.2-0.170.430.020.480.30.250.990.23
0.870.76-0.02-0.090.860.7-0.51-0.140.680.880.00.170.830.680.220.690.870.720.070.720.70.860.5-0.130.07
0.990.970.30.30.860.95-0.450.110.451.00.010.070.840.450.050.560.840.670.280.620.951.00.550.260.0
0.950.990.430.450.70.95-0.420.180.250.950.030.110.780.270.020.450.780.580.480.540.990.950.620.40.06
-0.51-0.44-0.14-0.04-0.51-0.45-0.42-0.05-0.32-0.48-0.21-0.41-0.43-0.32-0.22-0.46-0.48-0.42-0.31-0.95-0.45-0.43-0.490.0-0.33
0.080.130.60.67-0.140.110.18-0.05-0.460.10.520.32-0.25-0.450.03-0.33-0.28-0.360.130.060.20.08-0.140.640.07
0.470.35-0.25-0.290.680.450.25-0.32-0.460.46-0.25-0.210.561.00.150.570.560.75-0.250.40.290.470.44-0.29-0.22
0.990.970.280.280.881.00.95-0.480.10.460.040.120.850.470.070.580.860.690.290.650.940.990.580.230.02
0.030.020.120.20.00.010.03-0.210.52-0.250.040.43-0.1-0.23-0.01-0.44-0.05-0.12-0.030.240.040.02-0.150.19-0.1
0.150.090.13-0.010.170.070.11-0.410.32-0.210.120.430.07-0.20.380.110.11-0.040.410.470.130.060.25-0.060.51
0.850.82-0.06-0.190.830.840.78-0.43-0.250.560.85-0.10.070.57-0.020.450.990.820.170.570.760.840.52-0.23-0.18
0.480.36-0.24-0.280.680.450.27-0.32-0.451.00.47-0.23-0.20.570.150.560.570.75-0.240.40.30.480.45-0.27-0.23
0.110.04-0.05-0.040.220.050.02-0.220.030.150.07-0.010.38-0.020.150.350.04-0.120.170.290.030.050.22-0.040.59
0.610.490.140.050.690.560.45-0.46-0.330.570.58-0.440.110.450.560.350.50.550.290.540.490.560.620.020.5
0.860.81-0.06-0.20.870.840.78-0.48-0.280.560.86-0.050.110.990.570.040.50.810.220.630.760.840.56-0.25-0.09
0.680.62-0.02-0.170.720.670.58-0.42-0.360.750.69-0.12-0.040.820.75-0.120.550.810.040.460.590.670.57-0.21-0.25
0.380.440.680.430.070.280.48-0.310.13-0.250.29-0.030.410.17-0.240.170.290.220.040.320.520.270.750.370.63
0.680.580.130.020.720.620.54-0.950.060.40.650.240.470.570.40.290.540.630.460.320.570.60.54-0.020.35
0.960.990.50.480.70.950.99-0.450.20.290.940.040.130.760.30.030.490.760.590.520.570.940.680.430.1
0.990.970.280.30.861.00.95-0.430.080.470.990.020.060.840.480.050.560.840.670.270.60.940.560.26-0.01
0.660.630.50.250.50.550.62-0.49-0.140.440.58-0.150.250.520.450.220.620.560.570.750.540.680.560.190.4
0.240.350.730.99-0.130.260.40.00.64-0.290.230.19-0.06-0.23-0.27-0.040.02-0.25-0.210.37-0.020.430.260.190.19
0.090.040.330.230.070.00.06-0.330.07-0.220.02-0.10.51-0.18-0.230.590.5-0.09-0.250.630.350.1-0.010.40.19
Click cells to compare fundamentals

TOP Ships Account Relationship Matchups

TOP Ships fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding487.9398.0K219.0K252.8K1.8M1.9M
Total Assets444.9M293.0M330.8M469.3M459.2M298.6M
Short Long Term Debt Total309.0M147.7M184.3M278.6M260.8M162.2M
Other Current Liab20.7M6.2M30.9M2.3M7.0M11.7M
Total Current Liabilities75.4M25.4M107.1M32.2M41.4M39.3M
Total Stockholder Equity105.8M134.2M93.2M197.0M183.4M111.8M
Property Plant And Equipment Net366.8M213.7M225.0M417.8M394.7M243.2M
Net Debt304.6M128.4M182.0M258.1M224.9M149.2M
Retained Earnings(322.6M)(345.4M)(336.8M)(317.8M)(311.7M)(296.2M)
Accounts Payable4.5M2.5M2.3M2.0M1.4M1.3M
Cash4.4M19.3M2.4M20.5M36.0M37.8M
Non Current Assets Total394.1M247.9M255.5M444.8M420.5M270.3M
Non Currrent Assets Other11.1M8M6M4.9M2.1M2.0M
Other Assets20.2M37.7M36.6M4.9M5.6M5.9M
Long Term Debt262.1M99.3M90.2M233.7M228.1M162.4M
Cash And Short Term Investments4.4M19.3M2.4M20.5M36.0M37.8M
Net Receivables642K24.3M76K8K317K301.2K
Common Stock Total Equity89K230K87K398K358.2K376.1K
Liabilities And Stockholders Equity444.9M293.0M330.8M469.3M459.2M298.6M
Non Current Liabilities Total263.7M133.4M130.5M272.3M234.4M159.9M
Inventory848K514K671K1.0M915K1.4M
Other Current Assets44.8M25.2M72.8M1.3M1.5M1.5M
Other Stockholder Equity411.5M465.7M430.0M428.5M451.2M331.0M
Total Liab339.1M158.8M237.6M272.3M275.8M186.8M
Property Plant And Equipment Gross366.8M213.7M225.0M417.8M429.2M242.3M
Total Current Assets50.7M45.1M75.3M24.5M38.7M51.0M
Accumulated Other Comprehensive Income(16.1M)(1.4M)(10.1M)0.0(46K)(48.3K)
Short Term Debt46.9M14.6M70.2M21.0M26.4M25.1M
Common Stock230K87K398K103K46K43.7K
Property Plant Equipment354.6M182.1M194.4M417.8M376.0M240.1M
Current Deferred Revenue3.3M2.1M3.7M7.0M6.6M3.7M
Other Liab609K300K225K14.7M13.2M12.3M
Net Tangible Assets87.7M120.7M93.2M110.7M127.3M91.0M
Short Long Term Debt46.9M5.3M60.4M12.3M17.4M22.1M
Long Term Investments19.3M28.2M24.5M22.2M19.6M21.2M
Net Invested Capital396.7M225.3M243.8M430.7M385.0M335.7M

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Additional Tools for TOP Stock Analysis

When running TOP Ships' price analysis, check to measure TOP Ships' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TOP Ships is operating at the current time. Most of TOP Ships' value examination focuses on studying past and present price action to predict the probability of TOP Ships' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOP Ships' price. Additionally, you may evaluate how the addition of TOP Ships to your portfolios can decrease your overall portfolio volatility.