Dorian LPG Ltd (LPG)
Financial leverage ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | — | 1,837,650 | 1,607,360 | 1,581,620 | 1,671,960 |
| Total stockholders’ equity | US$ in thousands | — | 1,023,530 | 920,151 | 946,825 | 977,052 |
| Financial leverage ratio | — | 1.80 | 1.75 | 1.67 | 1.71 |
March 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $—K ÷ $—K
= —
The financial leverage ratio of Dorian LPG Ltd has shown a fluctuating trend over the past four years. As of March 31, 2021, the ratio stood at 1.71, indicating that the company had $1.71 in debt for every dollar of equity. Subsequently, the ratio decreased slightly to 1.67 by March 31, 2022, suggesting a decrease in financial leverage.
However, the financial leverage ratio then increased to 1.75 by March 31, 2023, and further to 1.80 by March 31, 2024. These increments imply that the company has been relying more on debt financing compared to equity, potentially increasing its financial risk.
Unfortunately, there is no data available for March 31, 2025, which limits the ability to analyze the most recent financial leverage position of Dorian LPG Ltd. Overall, the trend indicates some fluctuations in the financial leverage ratio, signifying the company's changing mix of debt and equity in its capital structure over the years. Investors and stakeholders should continue to monitor the company's leverage position for sustainable and balanced financial health.