LPG - NYSE

Dorian LPG Ltd.

LPG·NYSE

$40.77

-0.61%

EnergyOil & Gas Midstream

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 27, 2022, its fleet consisted of twenty-two VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.74B

EPS4.5500

P/E Ratio0.00

Earnings Date07/31/2026

1.78B

Assets

-3%

3Y+11.0%

5Y+6.0%

10Y-3.0%

732.55M

Total Liabilities

-10%

3Y+7.0%

5Y+5.0%

10Y-14.0%

1.05B

Total Equity

3Y+14.0%

5Y+7.0%

10Y+6.0%

Dorian LPG Ltd. Funding & Solvency Profile

LPG · NYSE

Current Assets

Cash & Cash Equivalents316.88M

Net Receivables49.45M

Inventory2.51M

Other Current Assets13.52M

Total Current Assets382 M

Non-Current Assets

Property, Plant & Equipment1.35B

Goodwill & Intangible Assets0.00

Long-Term Investments0.00

Other Non-Current Assets50.01M

Total Non-Current Assets1 B

Total Assets

1.78B

Financial Health Analysis

Current Ratio

3.54x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.70x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

274 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

21% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

Dorian LPG Ltd. Balance Sheet

LPG • NYSE

Dorian LPG Ltd. Balance Sheet	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	316.9M	282.5M	148.8M	236.8M	79.3M	48.4M	30.8M	103.5M	17M	46.4M	204.8M	279.1M	1M
Short-Term Investments	0.0	11.5M	0.0	0.0	0.0	14.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	316.9M	294M	148.8M	236.8M	79.3M	63.3M	30.8M	103.5M	17M	46.4M	204.8M	279.1M	1M
Net Receivables	49.4M	53M	76.4M	58.6M	56.4M	67.7M	45.8M	27.2M	42.5M	54.6M	23.2M	3.6M	1.1M
Accounts Receivables	1.4M	53M	3.3M	853.1K	202.2K	67.7M	45.8M	27.2M	11K	107.3K	22.8M	2M	1M
Other Receivables	48.1M	0.0	73.1M	57.8M	56.2M	0.0	0.0	0.0	42.5M	54.5M	386.7K	1.6M	108.6K
Inventory	2.5M	2.4M	2.6M	2.3M	2M	2M	2.1M	2M	2.6M	2.3M	3.4M	1.1M	1.7M
Prepaids	0.0	0.0	8.5M	10.2M	10.3M	3.3M	3.2M	2.5M	1.9M	2.2M	1.8M	343K	0.0
Other Current Assets	13.5M	19.4M	0.0	0.0	5.3M	3.4M	599.9K	0.0	0.0	0.0	0.0	30.9M	2.3M
Total Current Assets	382.4M	368.9M	236.3M	307.9M	153.3M	139.6M	82.6M	103.5M	64M	105.6M	233.2M	315.1M	6.2M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	1.3B	1.4B	1.4B	1.3B	1.4B	1.5B	1.5B	1.5B	1.6B	1.7B	818.6M	518.1M	187.1M
Long-Term Investments	0.0	0.0	11.4M	0.0	0.0	0.0	61.9M	59.9M	76.5M	0.0	0.0	0.0	0.0
Other Non-Current Assets	50M	44.7M	39.1M	36.9M	33.4M	67.6M	2.2M	-1.6B	2M	68.8M	47.3M	7.1M	1.2M
Total Non-Current Assets	1.4B	1.5B	1.5B	1.3B	1.4B	1.5B	1.5B	25.9M	1.7B	1.7B	865.9M	525.2M	188.3M
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.6B	0.0	0.0	0.0	0.0	0.0
Total Assets	1.8B	1.8B	1.7B	1.6B	1.6B	1.7B	1.6B	1.7B	1.7B	1.8B	1.1B	840.2M	194.4M
LIABILITIES
CURRENT LIABILITIES
Total Payables	12.5M	10.2M	12.2M	10.1M	9.9M	14M	7.2M	6.3M	7.1M	7.5M	5.2M	2.5M	3.3M
Accounts Payable	11.5M	10.2M	10.8M	9.5M	9.8M	13.6M	7.2M	6.3M	7.1M	6.8M	5.2M	2.4M	3.3M
Other Payables	954.5K	0.0	1.4M	531.6K	117.8K	436.9K	0.0	0.0	0.0	708.2K	0.0	113.5K	0.0
Accrued Expenses	4M	2.1M	3.8M	2.7M	7.3M	2.8M	956.3K	1.1M	3.5M	3.3M	3.5M	757.1K	0.0
Short Term Debt	55M	54.1M	53.6M	72.2M	52M	53.3M	64M	65.1M	66M	67.9M	15.7M	9.6M	12.1M
Capital Lease Obligations (Current)	34.8M	32.5M	23.4M	8.1M	9.6M	9.2M	0.0	2.9M	-2.6M	0.0	-2.9M	0.0	0.0
Deferred Revenue	679.3K	486.9K	208.6K	814K	854K	2.1M	4.3M	5.6M	7.3M	4.6M	1.1M	554.1K	0.0
Other Current Liabilities	959.2K	2.5M	1.3M	952.5K	2.4M	3.6M	3M	4M	1.9M	4.7M	2.7M	1.4M	16.2M
Total Current Liabilities	107.9M	101.8M	94.6M	94.8M	82.1M	85M	79.4M	82M	85.8M	88.1M	28.2M	14.9M	31.6M
NON-CURRENT LIABILITIES
Long Term Debt	498.8M	551.5M	604.3M	590.7M	539.7M	581.9M	632.1M	694M	684M	746.4M	184.7M	119.1M	150.1M
Other Non-Current Liabilities	1.5M	1.5M	1.4M	1.7M	5M	10.3M	1.2M	651.6K	482.7K	22.1M	13M	14.1M	0.0
Total Non-Current Liabilities	624.7M	712.3M	740.5M	592.4M	552.7M	609.9M	633.3M	694.7M	684.5M	768.5M	197.7M	133.2M	150.1M
Capital Lease Obligations	159.2M	191.7M	158.2M	8.1M	17.7M	26.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	732.6M	814.1M	835.1M	687.2M	634.8M	694.9M	712.7M	776.7M	770.2M	856.6M	225.9M	148M	181.7M
SHAREHOLDERS' EQUITY
Treasury Stock	-133.1M	-126.8M	-122.9M	-121.2M	-99.9M	-87.2M	-36.5M	-35.2M	-33.9M	-20.9M	0.0	0.0	0.0
Common Stock	543.2K	520K	516.3K	513.2K	510.7K	590.8K	588.8K	586.4K	583.4K	580.6K	580.6K	483.7K	73.9M
Additional Paid-In Capital	867.5M	772.7M	764.4M	760.1M	756.8M	866.8M	863.6M	858.1M	853M	848.2M	844.5M	688.9M	0.0
Retained Earnings	311.1M	377.1M	231.8M	280.8M	289.4M	196.8M	85M	135.9M	156.3M	157.8M	28.1M	2.8M	-61.1M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-190.5M	-125.9M	0.0	-19.3M	-6.6M	0.0
Total Stockholders' Equity	1B	1B	873.8M	920.2M	946.8M	977.1M	912.7M	959.4M	976M	985.6M	873.2M	692.2M	12.8M
Total Equity	1B	1B	873.8M	920.2M	946.8M	977.1M	912.7M	959.4M	976M	985.6M	873.2M	692.2M	12.8M
SUMMARY
Total Liabilities & Equity	1.8B	1.8B	1.7B	1.6B	1.6B	1.7B	1.6B	1.7B	1.7B	1.8B	1.1B	840.2M	194.4M
Total Investments	0.0	11.5M	11.4M	0.0	0.0	14.9M	61.9M	59.9M	76.5M	0.0	0.0	0.0	0.0
Total Debt	713M	797.3M	816.1M	671M	609.3M	662.1M	696.1M	759.1M	750M	814.3M	200.3M	128.7M	162.2M
Net Debt	396.1M	514.8M	667.3M	434.2M	530M	613.7M	665.3M	655.6M	732.9M	767.9M	-4.5M	-150.4M	161.2M
Shares Outstanding	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431	42,521,431

SEC Filings

LPG - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-K 10-K 2026 FY FY	May 27, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 20, 2026	May 20, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	May 05, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 26, 2026	March 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 05, 2026	February 05, 2026	2026	View Filing
10-Q 10-Q 2025 Q4 Q4	February 05, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 30, 2026	January 30, 2026	2026	View Filing
8-K 8-K 2025 N/A	November 06, 2025	November 06, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 06, 2025	September 30, 2025	2025	View Filing

Showing 1 to 10 of 227 filings

Related Guides

Blog Categories

Continue your LPG research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.