Dorian LPG Ltd (LPG)
Current ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | — | 368,882 | 307,893 | 153,343 | 139,615 |
| Total current liabilities | US$ in thousands | — | 101,813 | 94,837 | 82,081 | 85,013 |
| Current ratio | — | 3.62 | 3.25 | 1.87 | 1.64 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $—K ÷ $—K
= —
The current ratio of Dorian LPG Ltd has shown a generally positive trend over the past few years. As of March 31, 2021, the current ratio was 1.64, which indicates that the company had $1.64 in current assets for every $1 in current liabilities. This ratio improved to 1.87 as of March 31, 2022, suggesting an increase in the company's liquidity position.
Significantly, the current ratio saw a substantial surge to 3.25 as of March 31, 2023, reflecting a notable strengthening of Dorian LPG Ltd's ability to meet its short-term obligations. This trend continued in the following year, with the current ratio rising to 3.62 as of March 31, 2024, indicating a robust liquidity position and the company's enhanced capacity to cover its current liabilities comfortably.
However, it is important to note that data for March 31, 2025, is unavailable. Even though the current ratio has shown a positive trend in the previous years, the absence of the most recent data makes it challenging to ascertain the current liquidity position of Dorian LPG Ltd. Nonetheless, based on the historical data, the company has exhibited a strengthening liquidity position over the years, which is generally favorable for its financial health and ability to meet short-term obligations.