Dorian LPG Ltd (LPG)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | 282,508 | 236,759 | 79,330 | 48,390 |
| Short-term investments | US$ in thousands | — | 11,531 | 0 | — | 14,923 |
| Receivables | US$ in thousands | 1,357 | 53,013 | 58,636 | 56,394 | 56,394 |
| Total current liabilities | US$ in thousands | — | 101,813 | 94,837 | 82,081 | 85,013 |
| Quick ratio | — | 3.41 | 3.11 | 1.65 | 1.41 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $1,357K)
÷ $—K
= —
Dorian LPG Ltd's quick ratio has shown a consistent increase over the years, reflecting a strengthening liquidity position. The ratio was 1.41 as of March 31, 2021, and improved to 1.65 by March 31, 2022. Subsequently, the quick ratio experienced significant growth, reaching 3.11 by March 31, 2023, and further increasing to 3.41 by March 31, 2024. This upward trend indicates that the company has more than enough liquid assets to cover its current liabilities. However, the quick ratio for March 31, 2025, is not available. Overall, the increasing trend in the quick ratio suggests that Dorian LPG Ltd has been effectively managing its short-term liquidity and is in a strong position to meet its immediate financial obligations.