TOPS (TOP Ships) Interest Expense: $-16.03 Mil (TTM As of Dec. 2025)


TOPS TOP Ships Inc TOPS
49 GF Score
Price $0.90
GF Value $4.24
Valuation Possible Value Trap
! 6 Warning Signs
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What is TOP Ships Interest Expense?

TOP Ships TOPS +0.67% 49 Interest Expense is $-16.03 Mil as of Dec. 2025. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.24 (Possible Value Trap). The stock has 6 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TOP Ships's interest expense for the six months ended in Dec. 2025 was $ -6.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2025 was $-16.03 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. TOP Ships's Operating Income for the six months ended in Dec. 2025 was $ 8.04 Mil. TOP Ships's Interest Expense for the six months ended in Dec. 2025 was $ -6.04 Mil. TOP Ships's Interest Coverage for the quarter that ended in Dec. 2025 was 1.33. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TOP Ships  (AMEX:TOPS) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TOP Ships's Interest Expense for the six months ended in Dec. 2025 was $-6.04 Mil. Its Operating Income for the six months ended in Dec. 2025 was $8.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2025 was $204.79 Mil.

TOP Ships's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*8.038/-6.041
=1.33

* 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.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. TOP Ships Inc interest coverage is 1.64, which is low.

TOP Ships Interest Expense Historical Data

* Premium members only.

The historical data trend for TOP Ships's Interest Expense 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.

TOP Ships Interest Expense Chart

TOP Ships Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.14 -11.71 -21.68 -21.87 -16.03

TOP Ships Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.15 -12.73 -9.14 -9.99 -6.04
TOPS
49GF Score
TOP Ships Inc TOPS
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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TOP Ships Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-16.03 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-16.03 Mil mean?
TOP Ships (TOPS) has a Interest Expense of $-16.03 Mil as of Dec. 2025. Interest Expense is the amount a company pays on its long-term debt. View historical data on TOP Ships and its competitors.
Is TOP Ships' Interest Expense too high?
TOP Ships' current Interest Expense is $-16.03 Mil. Overall, TOP Ships has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TOP Ships' Interest Expense compare to RBNE and CWPE?
TOP Ships' Interest Expense of $-16.03 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Oil & Gas company?
A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on TOP Ships and its competitors. TOP Ships's current Interest Expense is $-16.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Ships stock overvalued right now?
Based on GuruFocus' analysis, TOP Ships (TOPS) is currently considered Possible Value Trap. The stock's GF Value™ is $4.24, compared to a current price of $0.90 — trading 78.8% below its estimated fair value. The current Interest Expense is $-16.03 Mil. TOP Ships' overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For TOP Ships (TOPS), the current Interest Expense is $-16.03 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TOP Ships (TOPS) Overvalued in 2026?

Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued. The current stock price of $0.90 is trading 78.8% below its estimated GF Value™ of $4.24. GuruFocus considers TOP Ships to be Possible Value Trap.

Key valuation signals for TOPS:

  • Interest Expense: $-16.03 Mil
  • GF Value™: $4.24 vs. price of $0.90 (78.8% below fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the TOPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TOP Ships Business Description

Industry EnergyOil & Gas
Other Exchanges UER0:Germany
Address 20 Iouliou Kaisara Street, Paiania, Athens, GRC, 19002
TOP Ships Inc owns tanker vessels throughout the world. The Company is an international owner and operator of modern, fuel-efficient eco-tanker vessels, focusing on the transportation of crude oil, petroleum products (both clean and dirty), and bulk liquid chemicals. It generates revenue from the Time Charter agreements. The company operates in two reportable segments: (i) the tanker segment and (ii) the megayacht segment.
49GF Score

Get the complete analysis for TOPS

Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.90
Price
$4.24
GF Value