TOP Total Assets vs Long Term Debt Analysis

TOPS Stock  USD 7.68  0.13  1.72%   
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 Total Assets and its Long Term Debt 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.

Total Assets vs Long Term Debt

JavaScript chart by amCharts 3.21.1520142016201820202022202450M100M150M200M250M300M350M400M 10M20M40M60M80M100M120M140M160M180M200M220M240M
JavaScript chart by amCharts 3.21.15Total Assetstotal: 3.1BLong Term Debttotal: 1.4B

Total Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TOP Ships Total Assets account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
Total AssetsLong Term DebtDiversified AwayTotal AssetsLong Term DebtDiversified Away100%
The correlation between TOP Ships' Total Assets and Long Term Debt is 0.85. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Debt 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' Total Assets and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of TOP Ships are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Assets i.e., TOP Ships' Total Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

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.

Long Term Debt

Long-term debt is a debt that TOP Ships has held for over one year. Long-term debt appears on TOP Ships balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on TOP Ships balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

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.
News Freq…Investor S…