The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. TOP Ships's current ratio for the quarter that ended in Dec. 2023 was 0.94.
TOP Ships has a current ratio of 0.94. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If TOP Ships has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for TOP Ships's Current Ratio or its related term are showing as below:
STU:UER'
s Current Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.69 Max: 1.77
Current: 0.94
During the past 13 years, TOP Ships's highest Current Ratio was 1.77. The lowest was 0.13. And the median was 0.69.
STU:UER's Current Ratio is ranked worse than 70.98% of 1075
companies
in the Oil & Gas industry
Industry Median: 1.32
vs STU:UER: 0.94
TOP Ships Current Ratio Historical Data
The historical data trend for TOP Ships's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
TOP Ships Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Current Ratio
0.67
1.77
0.70
0.71
0.94
TOP Ships Semi-Annual Data
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Current Ratio
0.70
0.47
0.71
0.23
0.94
Competitive Comparison
For the Oil & Gas Midstream subindustry, TOP Ships's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TOP Ships Current Ratio Distribution
For the Oil & Gas industry and Energy sector, TOP Ships's Current Ratio distribution charts can be found below:
* The bar in red indicates where TOP Ships's Current Ratio falls into.
TOP Ships Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
TOP Ships's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TOP Ships (STU:UER) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
TOP Ships Current Ratio Related Terms
Thank you for viewing the detailed overview of TOP Ships's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.
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