Dorian LPG Ltd (LPG)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,778,660 | 1,820,060 | 1,861,240 | 1,911,790 | 1,837,650 | 1,820,340 | 1,784,020 | 1,523,450 | 1,708,910 | 1,530,410 | 1,488,460 | 1,523,450 | 1,607,360 | 1,528,240 | 1,511,600 | 1,564,590 | 1,581,620 | 1,665,040 | 1,674,100 | 1,696,940 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,778,660K
= 0.00
The debt-to-assets ratio for Dorian LPG Ltd has consistently remained at 0.00 over the period from June 30, 2020, to March 31, 2025. This indicates that the company has not had any debt in relation to its total assets during this time frame. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, implying a low financial risk and a strong financial position with no reliance on debt for its operations or expansion. However, it is also important to consider the potential impact of such a low debt level on the company's ability to take advantage of leverage for strategic growth opportunities or tax benefits.