Dorian LPG Ltd (LPG)
Current ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 368,882 | 339,329 | 277,409 | 241,462 | 236,299 | 228,058 | 208,248 | 230,235 | 307,893 | 217,458 | 146,288 | 180,917 | 153,343 | 218,187 | 209,420 | 216,062 | 139,615 | 143,824 | 124,471 | 92,874 |
| Total current liabilities | US$ in thousands | 101,813 | 102,451 | 105,317 | 96,631 | 94,597 | 83,870 | 70,997 | 71,651 | 94,837 | 94,855 | 96,519 | 88,143 | 82,081 | 77,529 | 97,773 | 86,725 | 85,013 | 86,049 | 82,013 | 79,845 |
| Current ratio | 3.62 | 3.31 | 2.63 | 2.50 | 2.50 | 2.72 | 2.93 | 3.21 | 3.25 | 2.29 | 1.52 | 2.05 | 1.87 | 2.81 | 2.14 | 2.49 | 1.64 | 1.67 | 1.52 | 1.16 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $368,882K ÷ $101,813K
= 3.62
The current ratio of Dorian LPG Ltd has fluctuated over the past few quarters, indicating changes in the company's liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
As of March 31, 2024, the current ratio stands at 3.62, which indicates that the company has $3.62 in current assets for every $1 of current liabilities. This signifies a strong liquidity position and implies that Dorian LPG Ltd should be able to comfortably cover its short-term obligations.
Looking at the trend over the past quarters, we observe fluctuations in the current ratio. It peaked at 3.62 in March 2024, fluctuating between 1.16 and 3.62 over the past few years. Generally, a current ratio above 1 indicates that a company can cover its short-term liabilities, with higher ratios indicating a stronger liquidity position.
The fluctuations in the current ratio could be due to changes in the company's current assets and liabilities. It's essential to further investigate the reasons behind these changes to gain a deeper understanding of the company's liquidity management. Additionally, stakeholders should continue monitoring the current ratio to assess the company's short-term liquidity position and financial health.