Is TOP SHIPS INC. (TOPS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1304.9% / 30% | 37.5% / 30% | 5.5% / 30% | 0.54% / 5% | ✗ NOT HALAL |
| DJIM | 1304.9% / 33% | 37.5% / 33% | 5.5% / 33% | 0.54% / 5% | ✗ NOT HALAL |
| MSCI | 62.8% / 33% | 1.8% / 33% | 0.3% / 33% | 0.54% / 5% | ✗ NOT HALAL |
| S&P | 1304.9% / 33% | 37.5% / 33% | 5.5% / 33% | 0.54% / 5% | ✗ NOT HALAL |
| FTSE | 62.8% / 33% | 1.8% / 33% | 0.3% / 50% | 0.54% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 63.4% | |
| Operating Margin | 41.6% | |
| Net Margin | 12.1% | |
| Return on Equity (ROE) | 7.9% | |
| Return on Assets (ROA) | 4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $17M |
| Free Cash Flow | $17M |
| Total Debt | $266M |
| Debt-to-Equity | 211.5 |
| Current Ratio | 0.4 |
| Total Assets | $423M |
Price & Trading
| Last Close | $3.36 |
| 50-Day MA | $4.48 |
| 200-Day MA | $5.47 |
| Avg Volume | 174K |
| Beta | 2.4 |
|
52-Week Range
$3.08
| |
About TOP SHIPS INC. (TOPS)
Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2024, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Athens, Greece.
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Frequently Asked Questions
Is TOP SHIPS INC. (TOPS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TOP SHIPS INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is TOP SHIPS INC.'s debt ratio?
TOP SHIPS INC.'s debt ratio is 1304.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 62.8%.
What are TOP SHIPS INC.'s key financial metrics?
TOP SHIPS INC. has a market capitalization of $15M, trailing P/E ratio of 1.4, and revenue of $86M. The company maintains a gross margin of 63.4% and a net margin of 12.1%. Return on equity stands at 7.9%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.