TOP Ev To Free Cash Flow vs Free Cash Flow Analysis

TOPS Stock

USD 7.59 0.01 0.13%

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 Ev To Free Cash Flow and its Free Cash Flow 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.

Ev To Free Cash Flow vs Free Cash Flow

Ev To Free Cash Flow vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TOP Ships Ev To Free Cash Flow account and Free Cash Flow. At this time, the significance of the direction appears to have strong relationship.

The correlation between TOP Ships' Ev To Free Cash Flow and Free Cash Flow is 0.66. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Free Cash Flow 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' Ev To Free Cash Flow and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of TOP Ships are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Ev To Free Cash Flow i.e., TOP Ships' Ev To Free Cash Flow and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital 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 Expense	7.0M	14.4M	23.0M	12.6M
Depreciation And Amortization	7.7M	13.3M	14.3M	12.6M

Interest Expense Depreciation And Amortization

TOP Ships fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.97	0.33	0.29	0.87	0.99	0.95	-0.51	0.08	0.47	0.99	0.03	0.15	0.85	0.48	0.11	0.61	0.86	0.68	0.38	0.68	0.96	0.99	0.66	0.24	0.09
Short Long Term Debt Total	0.97		0.38	0.39	0.76	0.97	0.99	-0.44	0.13	0.35	0.97	0.02	0.09	0.82	0.36	0.04	0.49	0.81	0.62	0.44	0.58	0.99	0.97	0.63	0.35	0.04
Other Current Liab	0.33	0.38		0.8	-0.02	0.3	0.43	-0.14	0.6	-0.25	0.28	0.12	0.13	-0.06	-0.24	-0.05	0.14	-0.06	-0.02	0.68	0.13	0.5	0.28	0.5	0.73	0.33
Total Current Liabilities	0.29	0.39	0.8		-0.09	0.3	0.45	-0.04	0.67	-0.29	0.28	0.2	-0.01	-0.19	-0.28	-0.04	0.05	-0.2	-0.17	0.43	0.02	0.48	0.3	0.25	0.99	0.23
Total Stockholder Equity	0.87	0.76	-0.02	-0.09		0.86	0.7	-0.51	-0.14	0.68	0.88	0.0	0.17	0.83	0.68	0.22	0.69	0.87	0.72	0.07	0.72	0.7	0.86	0.5	-0.13	0.07
Property Plant And Equipment Net	0.99	0.97	0.3	0.3	0.86		0.95	-0.45	0.11	0.45	1.0	0.01	0.07	0.84	0.45	0.05	0.56	0.84	0.67	0.28	0.62	0.95	1.0	0.55	0.26	0.0
Net Debt	0.95	0.99	0.43	0.45	0.7	0.95		-0.42	0.18	0.25	0.95	0.03	0.11	0.78	0.27	0.02	0.45	0.78	0.58	0.48	0.54	0.99	0.95	0.62	0.4	0.06
Retained Earnings	-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	-0.49	0.0	-0.33
Accounts Payable	0.08	0.13	0.6	0.67	-0.14	0.11	0.18	-0.05		-0.46	0.1	0.52	0.32	-0.25	-0.45	0.03	-0.33	-0.28	-0.36	0.13	0.06	0.2	0.08	-0.14	0.64	0.07
Cash	0.47	0.35	-0.25	-0.29	0.68	0.45	0.25	-0.32	-0.46		0.46	-0.25	-0.21	0.56	1.0	0.15	0.57	0.56	0.75	-0.25	0.4	0.29	0.47	0.44	-0.29	-0.22
Non Current Assets Total	0.99	0.97	0.28	0.28	0.88	1.0	0.95	-0.48	0.1	0.46		0.04	0.12	0.85	0.47	0.07	0.58	0.86	0.69	0.29	0.65	0.94	0.99	0.58	0.23	0.02
Non Currrent Assets Other	0.03	0.02	0.12	0.2	0.0	0.01	0.03	-0.21	0.52	-0.25	0.04		0.43	-0.1	-0.23	-0.01	-0.44	-0.05	-0.12	-0.03	0.24	0.04	0.02	-0.15	0.19	-0.1
Other Assets	0.15	0.09	0.13	-0.01	0.17	0.07	0.11	-0.41	0.32	-0.21	0.12	0.43		0.07	-0.2	0.38	0.11	0.11	-0.04	0.41	0.47	0.13	0.06	0.25	-0.06	0.51
Long Term Debt	0.85	0.82	-0.06	-0.19	0.83	0.84	0.78	-0.43	-0.25	0.56	0.85	-0.1	0.07		0.57	-0.02	0.45	0.99	0.82	0.17	0.57	0.76	0.84	0.52	-0.23	-0.18
Cash And Short Term Investments	0.48	0.36	-0.24	-0.28	0.68	0.45	0.27	-0.32	-0.45	1.0	0.47	-0.23	-0.2	0.57		0.15	0.56	0.57	0.75	-0.24	0.4	0.3	0.48	0.45	-0.27	-0.23
Net Receivables	0.11	0.04	-0.05	-0.04	0.22	0.05	0.02	-0.22	0.03	0.15	0.07	-0.01	0.38	-0.02	0.15		0.35	0.04	-0.12	0.17	0.29	0.03	0.05	0.22	-0.04	0.59
Common Stock Total Equity	0.61	0.49	0.14	0.05	0.69	0.56	0.45	-0.46	-0.33	0.57	0.58	-0.44	0.11	0.45	0.56	0.35		0.5	0.55	0.29	0.54	0.49	0.56	0.62	0.02	0.5
Non Current Liabilities Total	0.86	0.81	-0.06	-0.2	0.87	0.84	0.78	-0.48	-0.28	0.56	0.86	-0.05	0.11	0.99	0.57	0.04	0.5		0.81	0.22	0.63	0.76	0.84	0.56	-0.25	-0.09
Inventory	0.68	0.62	-0.02	-0.17	0.72	0.67	0.58	-0.42	-0.36	0.75	0.69	-0.12	-0.04	0.82	0.75	-0.12	0.55	0.81		0.04	0.46	0.59	0.67	0.57	-0.21	-0.25
Other Current Assets	0.38	0.44	0.68	0.43	0.07	0.28	0.48	-0.31	0.13	-0.25	0.29	-0.03	0.41	0.17	-0.24	0.17	0.29	0.22	0.04		0.32	0.52	0.27	0.75	0.37	0.63
Other Stockholder Equity	0.68	0.58	0.13	0.02	0.72	0.62	0.54	-0.95	0.06	0.4	0.65	0.24	0.47	0.57	0.4	0.29	0.54	0.63	0.46	0.32		0.57	0.6	0.54	-0.02	0.35
Total Liab	0.96	0.99	0.5	0.48	0.7	0.95	0.99	-0.45	0.2	0.29	0.94	0.04	0.13	0.76	0.3	0.03	0.49	0.76	0.59	0.52	0.57		0.94	0.68	0.43	0.1
Property Plant And Equipment Gross	0.99	0.97	0.28	0.3	0.86	1.0	0.95	-0.43	0.08	0.47	0.99	0.02	0.06	0.84	0.48	0.05	0.56	0.84	0.67	0.27	0.6	0.94		0.56	0.26	-0.01
Total Current Assets	0.66	0.63	0.5	0.25	0.5	0.55	0.62	-0.49	-0.14	0.44	0.58	-0.15	0.25	0.52	0.45	0.22	0.62	0.56	0.57	0.75	0.54	0.68	0.56		0.19	0.4
Short Term Debt	0.24	0.35	0.73	0.99	-0.13	0.26	0.4	0.0	0.64	-0.29	0.23	0.19	-0.06	-0.23	-0.27	-0.04	0.02	-0.25	-0.21	0.37	-0.02	0.43	0.26	0.19		0.19
Common Stock	0.09	0.04	0.33	0.23	0.07	0.0	0.06	-0.33	0.07	-0.22	0.02	-0.1	0.51	-0.18	-0.23	0.59	0.5	-0.09	-0.25	0.63	0.35	0.1	-0.01	0.4	0.19

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TOP Ships Account Relationship Matchups

TOP Ships fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	487.93	98.0K	219.0K	252.8K	1.8M	1.9M
Total Assets	444.9M	293.0M	330.8M	469.3M	459.2M	298.6M
Short Long Term Debt Total	309.0M	147.7M	184.3M	278.6M	260.8M	162.2M
Other Current Liab	20.7M	6.2M	30.9M	2.3M	7.0M	11.7M
Total Current Liabilities	75.4M	25.4M	107.1M	32.2M	41.4M	39.3M
Total Stockholder Equity	105.8M	134.2M	93.2M	197.0M	183.4M	111.8M
Property Plant And Equipment Net	366.8M	213.7M	225.0M	417.8M	394.7M	243.2M
Net Debt	304.6M	128.4M	182.0M	258.1M	224.9M	149.2M
Retained Earnings	(322.6M)	(345.4M)	(336.8M)	(317.8M)	(311.7M)	(296.2M)
Accounts Payable	4.5M	2.5M	2.3M	2.0M	1.4M	1.3M
Cash	4.4M	19.3M	2.4M	20.5M	36.0M	37.8M
Non Current Assets Total	394.1M	247.9M	255.5M	444.8M	420.5M	270.3M
Non Currrent Assets Other	11.1M	8M	6M	4.9M	2.1M	2.0M
Other Assets	20.2M	37.7M	36.6M	4.9M	5.6M	5.9M
Long Term Debt	262.1M	99.3M	90.2M	233.7M	228.1M	162.4M
Cash And Short Term Investments	4.4M	19.3M	2.4M	20.5M	36.0M	37.8M
Net Receivables	642K	24.3M	76K	8K	317K	301.2K
Common Stock Total Equity	89K	230K	87K	398K	358.2K	376.1K
Liabilities And Stockholders Equity	444.9M	293.0M	330.8M	469.3M	459.2M	298.6M
Non Current Liabilities Total	263.7M	133.4M	130.5M	272.3M	234.4M	159.9M
Inventory	848K	514K	671K	1.0M	915K	1.4M
Other Current Assets	44.8M	25.2M	72.8M	1.3M	1.5M	1.5M
Other Stockholder Equity	411.5M	465.7M	430.0M	428.5M	451.2M	331.0M
Total Liab	339.1M	158.8M	237.6M	272.3M	275.8M	186.8M
Property Plant And Equipment Gross	366.8M	213.7M	225.0M	417.8M	429.2M	242.3M
Total Current Assets	50.7M	45.1M	75.3M	24.5M	38.7M	51.0M
Accumulated Other Comprehensive Income	(16.1M)	(1.4M)	(10.1M)	0.0	(46K)	(48.3K)
Short Term Debt	46.9M	14.6M	70.2M	21.0M	26.4M	25.1M
Common Stock	230K	87K	398K	103K	46K	43.7K
Property Plant Equipment	354.6M	182.1M	194.4M	417.8M	376.0M	240.1M
Current Deferred Revenue	3.3M	2.1M	3.7M	7.0M	6.6M	3.7M
Other Liab	609K	300K	225K	14.7M	13.2M	12.3M
Net Tangible Assets	87.7M	120.7M	93.2M	110.7M	127.3M	91.0M
Short Long Term Debt	46.9M	5.3M	60.4M	12.3M	17.4M	22.1M
Long Term Investments	19.3M	28.2M	24.5M	22.2M	19.6M	21.2M
Net Invested Capital	396.7M	225.3M	243.8M	430.7M	385.0M	335.7M

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