Dorian LPG Ltd (LPG)
Solvency ratios
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | — | 1.80 | 1.75 | 1.67 | 1.71 |
Dorian LPG Ltd's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity over the years from 2021 to 2024. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at zero, suggesting that the company has not relied heavily on debt to fund its operations and investments.
However, the Financial leverage ratio has shown a slight increase from 1.71 in 2021 to 1.80 in 2024. This ratio measures the company's reliance on debt to finance its operations compared to equity. Even though the increase is marginal, it indicates a slightly higher level of financial risk as more debt is being used to fund the company's activities.
The absence of data for 2025 makes it challenging to assess the current solvency position of the company. Nevertheless, based on the trends observed in the previous years, Dorian LPG Ltd's solvency ratios demonstrate a stable and conservative debt management approach, which is generally favorable for long-term financial sustainability.
Coverage ratios
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Interest coverage | — | 8.12 | 6.60 | 4.29 | 5.55 |
The interest coverage ratio for Dorian LPG Ltd has shown a fluctuating trend over the years. In March 2021, the interest coverage ratio was 5.55, indicating that the company generated operating income 5.55 times the amount needed to cover its interest expenses. However, in March 2022, the ratio slightly decreased to 4.29, suggesting a slight decrease in the company's ability to cover its interest expenses.
In March 2023, the interest coverage ratio improved to 6.60, reflecting a stronger ability to cover interest payments compared to the previous year. By March 2024, the ratio further increased to 8.12, indicating a significant improvement in the company's ability to cover interest costs.
The data for March 31, 2025 is not available (marked as "—"), so it is not possible to determine the interest coverage ratio for that year. Overall, the trend in the interest coverage ratio for Dorian LPG Ltd has shown variability but has demonstrated improvement in recent years, reflecting a favorable ability to meet interest obligations.