Dorian LPG Ltd (LPG)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 551,549 | 604,257 | 590,687 | 539,652 | 581,919 |
| Total assets | US$ in thousands | 1,837,650 | 1,708,910 | 1,607,360 | 1,581,620 | 1,671,960 |
| Debt-to-assets ratio | 0.30 | 0.35 | 0.37 | 0.34 | 0.35 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $551,549K ÷ $1,837,650K
= 0.30
Dorian LPG Ltd's debt-to-assets ratio has shown a decreasing trend over the last five years. The ratio decreased from 0.35 in 2020 to 0.30 in 2024. This indicates that the company's level of debt in relation to its total assets has been decreasing, suggesting a more conservative capital structure. A lower debt-to-assets ratio implies lower financial risk and greater financial stability as less of the company's assets are financed by debt. Overall, the trend in Dorian LPG Ltd's debt-to-assets ratio indicates improved financial health and risk management over the years.