Dorian LPG Ltd (LPG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,046,110 | 1,068,510 | 1,088,250 | 1,119,860 | 1,023,530 | 984,058 | 923,309 | 844,349 | 873,846 | 837,327 | 825,369 | 844,349 | 920,151 | 924,191 | 906,949 | 938,548 | 946,825 | 1,015,770 | 989,591 | 989,953 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,046,110K
= 0.00
Dorian LPG Ltd has consistently maintained a debt-to-equity ratio of 0.00 since June 30, 2020, up to March 31, 2025, based on the provided financial data. A debt-to-equity ratio of 0.00 indicates that the company has no debt or very minimal debt compared to its equity. This could suggest that Dorian LPG Ltd primarily relies on equity financing rather than debt financing to fund its operations and investments.
Having a debt-to-equity ratio of 0.00 can be seen as a positive indicator, as it implies that the company has a strong financial position with low financial leverage. It also signifies that the company may have lower financial risk and a higher capacity to weather economic downturns or fluctuations in the industry.
Overall, the consistent 0.00 debt-to-equity ratio for Dorian LPG Ltd over the analyzed period reflects a prudent capital structure strategy focusing on maintaining a healthy balance between debt and equity in its financing mix.