DorianG Balance Sheet Health
Financial Health criteria checks 5/6
DorianG has a total shareholder equity of $1.1B and total debt of $579.0M, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are $1.9B and $773.0M respectively. DorianG's EBIT is $267.3M making its interest coverage ratio 10. It has cash and short-term investments of $360.5M.
Key information
53.2%
Debt to equity ratio
US$579.01m
Debt
| Interest coverage ratio | 10x |
| Cash | US$360.55m |
| Equity | US$1.09b |
| Total liabilities | US$772.99m |
| Total assets | US$1.86b |
Recent financial health updates
We Think DorianG (NYSE:LPG) Can Manage Its Debt With Ease
Aug 28
DorianG (NYSE:LPG) Could Easily Take On More Debt
Jan 28Does DorianG (NYSE:LPG) Have A Healthy Balance Sheet?
Sep 02Recent updates
Dorian LPG: Massive Discount To NAV And Double-Digit Yield; Rating Upgrade
Nov 21Returns On Capital Are Showing Encouraging Signs At DorianG (NYSE:LPG)
Nov 20Lacklustre Performance Is Driving Dorian LPG Ltd.'s (NYSE:LPG) Low P/E
Oct 23Dorian LPG: Market Headwinds And Share Dilution Always Matter; Rating Unchanged
Sep 19Dorian LPG: Fleet Utilization Rates Could Improve Soon
Sep 11We Think DorianG (NYSE:LPG) Can Manage Its Debt With Ease
Aug 28DorianG's (NYSE:LPG) Dividend Will Be $1.00
Jul 30Do DorianG's (NYSE:LPG) Earnings Warrant Your Attention?
Jul 27Dorian LPG: Upgrading To The Next Chapter Of Growth
Jun 24Shareholders Can Be Confident That DorianG's (NYSE:LPG) Earnings Are High Quality
Jun 05Analysts Have Lowered Expectations For Dorian LPG Ltd. (NYSE:LPG) After Its Latest Results
Jun 01Earnings Working Against Dorian LPG Ltd.'s (NYSE:LPG) Share Price
May 24DorianG (NYSE:LPG) Has Announced A Dividend Of $1.00
Apr 28Here's Why DorianG (NYSE:LPG) Has Caught The Eye Of Investors
Apr 18An Intrinsic Calculation For Dorian LPG Ltd. (NYSE:LPG) Suggests It's 23% Undervalued
Apr 02Dorian LPG: Inelastic Supply Side And High Order Book As Constrains; Rating Unchanged
Mar 31Dorian LPG: Strong Market, But Some Risks Remain
Feb 22DorianG (NYSE:LPG) Could Easily Take On More Debt
Jan 28Dorian LPG: They Know How To Navigate The Market
Jan 20Dorian LPG Ltd.'s (NYSE:LPG) Shares Lagging The Market But So Is The Business
Jan 15Dorian LPG: Top Energy Stock Poised To Continue Soaring In 2024
Jan 04Calculating The Fair Value Of Dorian LPG Ltd. (NYSE:LPG)
Dec 19Here's Why We Think DorianG (NYSE:LPG) Is Well Worth Watching
Nov 22Dorian LPG: Rates At Historic Highs, But China Could Become An Issue
Nov 21DorianG (NYSE:LPG) Might Have The Makings Of A Multi-Bagger
Oct 26News Flash: Analysts Just Made A Captivating Upgrade To Their Dorian LPG Ltd. (NYSE:LPG) Forecasts
Oct 05Dorian LPG: Scrubber-Focused Fleet Loses Out On Narrowing Scrubber Spread
Sep 13Does DorianG (NYSE:LPG) Have A Healthy Balance Sheet?
Sep 02Financial Position Analysis
Short Term Liabilities: LPG's short term assets ($439.5M) exceed its short term liabilities ($104.0M).
Long Term Liabilities: LPG's short term assets ($439.5M) do not cover its long term liabilities ($669.0M).
Debt to Equity History and Analysis
Debt Level: LPG's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: LPG's debt to equity ratio has reduced from 70% to 53.2% over the past 5 years.
Debt Coverage: LPG's debt is well covered by operating cash flow (55.9%).
Interest Coverage: LPG's interest payments on its debt are well covered by EBIT (10x coverage).