Dorian LPG Ltd (LPG)
Debt-to-capital ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | — | 1,023,530 | 920,151 | 946,825 | 977,052 |
| Debt-to-capital ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $—K)
= —
The debt-to-capital ratio for Dorian LPG Ltd for the financial years ending on March 31, 2021 through March 31, 2024 is 0.00, indicating that the company has zero debt relative to its capital during these years. The "-" symbol for the year ending on March 31, 2025 suggests that the data might be unavailable or not applicable for that period. A consistent zero debt-to-capital ratio can imply that the company has been financing its operations primarily through equity rather than debt, potentially indicating a low financial risk and healthy capital structure. However, it is important to consider other financial metrics and industry benchmarks to gain a more comprehensive understanding of the company's financial health and leverage position.