Dorian LPG Ltd (LPG)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 1.70 | 1.70 | 1.71 | 1.71 | 1.80 | 1.85 | 1.93 | 1.80 | 1.96 | 1.83 | 1.80 | 1.80 | 1.75 | 1.65 | 1.67 | 1.67 | 1.67 | 1.64 | 1.69 | 1.71 |
Dorian LPG Ltd's solvency ratios indicate a strong financial position in terms of its ability to meet its long-term obligations. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have consistently remained at 0.00, highlighting the company's ability to finance its assets predominantly through equity rather than debt.
Additionally, the Financial leverage ratio, which measures the proportion of debt in the company's capital structure, has been relatively stable over the years, ranging from 1.64 to 1.96. While the ratio has shown some fluctuations, it generally remained below 2.00, indicating a conservative use of leverage by the company.
Overall, based on the solvency ratios provided, Dorian LPG Ltd appears to have a low level of debt relative to its assets and capital, demonstrating a strong solvency position and a conservative financial structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.15 | 5.56 | 7.57 | 9.23 | 8.86 | 10.29 | 9.15 | 7.00 | 7.00 | 5.67 | 4.65 | 5.43 | 4.99 | 4.31 | 5.33 | 4.57 | 4.35 | 3.95 | 3.58 | 4.61 |
The interest coverage ratio of Dorian LPG Ltd has shown fluctuations over the past few years according to the provided data. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt. A higher interest coverage ratio indicates the company is more capable of servicing its debt.
From June 30, 2020, to March 31, 2023, the interest coverage ratio of Dorian LPG Ltd remained relatively stable, fluctuating between 4.61 and 7.00. This suggests that the company had a moderate ability to cover its interest expenses during this period.
However, starting from June 30, 2023, the interest coverage ratio began to increase significantly, reaching a peak of 10.29 by December 31, 2023. This indicates a significant improvement in the company's ability to cover its interest payments, reflecting a stronger financial position.
Subsequently, the interest coverage ratio experienced a slight decline but remained relatively high, ranging between 3.15 and 9.23 from March 31, 2025, to June 30, 2024. Overall, the data suggests that Dorian LPG Ltd has demonstrated a generally improving ability to cover its interest expenses, contributing to its financial stability.