Dorian LPG Ltd (LPG)

Current 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
Total current assets	US$ in thousands	382,356	415,151	439,524	465,547	368,882	339,329	277,409	230,235	236,299	228,058	208,248	230,235	307,893	217,458	146,288	180,917	153,343	218,187	209,420	216,062
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
Current ratio		3.54	3.97	4.22	4.60	3.62	3.31	2.63	3.21	2.50	2.72	2.93	3.21	3.25	2.29	1.52	2.05	1.87	2.81	2.14	2.49

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $382,356K ÷ $107,884K
= 3.54

The current ratio of Dorian LPG Ltd has shown fluctuations over the periods under review. It increased steadily from 2.49 as of June 30, 2020, to peak at 4.60 by June 30, 2024. This indicates the company had more than enough current assets to cover its current liabilities during this period.

However, the ratio started declining after June 30, 2024, and stood at 3.54 as of March 31, 2025. While the current ratio remains above 1, suggesting the company still has more current assets than liabilities, this downward trend might indicate a potential weakening of short-term liquidity position.

Overall, a current ratio above 1 indicates that Dorian LPG Ltd has the ability to meet its short-term obligations, but investors and stakeholders should monitor the trend closely to ensure the company maintains a healthy liquidity position.