Dorian LPG Ltd (LPG)
Cash ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 316,878 | 314,532 | 348,628 | 353,287 | 282,508 | 208,460 | 192,044 | 155,518 | 148,797 | 129,817 | 141,287 | 155,518 | 236,759 | 115,808 | 103,421 | 78,254 | 79,330 | 133,594 | 145,059 | 142,934 |
| Short-term investments | US$ in thousands | 0 | 10,001 | 9,894 | 11,624 | 11,531 | 4,700 | — | — | 0 | — | — | — | — | — | — | — | 0 | 0 | 0 | 14,981 |
| Total current liabilities | US$ in thousands | 107,884 | 104,624 | 104,038 | 101,231 | 101,813 | 102,451 | 105,317 | 71,651 | 94,597 | 83,870 | 70,997 | 71,651 | 94,837 | 94,855 | 96,519 | 88,143 | 82,081 | 77,529 | 97,773 | 86,725 |
| Cash ratio | 2.94 | 3.10 | 3.45 | 3.60 | 2.89 | 2.08 | 1.82 | 2.17 | 1.57 | 1.55 | 1.99 | 2.17 | 2.50 | 1.22 | 1.07 | 0.89 | 0.97 | 1.72 | 1.48 | 1.82 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($316,878K
+ $0K)
÷ $107,884K
= 2.94
The cash ratio of Dorian LPG Ltd has exhibited fluctuations over the period from June 30, 2020, to March 31, 2025. The cash ratio indicates the company's ability to cover its short-term obligations with its available cash and cash equivalents.
The trend of the cash ratio shows a general increase from June 30, 2020, to June 30, 2022, indicating an improved liquidity position. However, there was a slight decline in the cash ratio from March 31, 2022, to June 30, 2023. This decrease might be attributed to changes in the company's cash reserves compared to its current liabilities during this period.
From March 31, 2024, to December 31, 2024, the cash ratio surged significantly, reaching its peak at 3.60 on June 30, 2024. This sharp increase suggests a substantial increase in cash reserves relative to the company's short-term obligations during this period, indicating a strong liquidity position.
Overall, the cash ratio of Dorian LPG Ltd has shown fluctuations but has mostly remained above 1, indicating that the company has had sufficient cash reserves to cover its short-term liabilities during the analyzed period. However, it is essential to monitor future trends in the cash ratio to assess the company's ongoing liquidity management.