Dorian LPG Ltd (LPG)
Debt-to-equity 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-equity ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $—K
= —
Based on the data provided, the debt-to-equity ratio of Dorian LPG Ltd has been consistently reported as 0.00 from March 31, 2021, to March 31, 2024. However, the data for March 31, 2025, is not available (indicated by "—").
A debt-to-equity ratio of 0.00 suggests that the company has zero debt or a negligible amount compared to its equity. This may indicate that Dorian LPG Ltd relies more on equity financing rather than debt to fund its operations and growth, which can be viewed positively in terms of financial stability and lower financial risk.
However, it's important to note that the interpretation of the debt-to-equity ratio should be considered in conjunction with other financial metrics and industry benchmarks for a comprehensive analysis of the company's financial health and leverage position.