Balance Sheet Data

Top Ships Inc. (TOPS)

$2.3

-0.15 (-6.12%)

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 24.080.064.4119.332.3713.2314.8816.7418.8321.19
Total Cash (%)
Account Receivables 0.771.230.641.191.121.251.411.591.792.01
Account Receivables (%)
Inventories 0.650.590.850.510.670.810.911.031.151.30
Inventories (%)
Accounts Payable 2.804.104.462.542.314.084.595.165.816.53
Accounts Payable (%)
Capital Expenditure -41.43-63.55-203.23-120.82-115.51-123.42-138.85-156.21-175.74-197.71
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.