VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemes
DCF ValuationCalculate intrinsic value of US stocks
Market ValuationBuffett indicator, CAPE & macro gauges
Total ReturnSee dividends + price return history
DCA CalculatorSimulate recurring buys & compounding
Earnings
FAANG & Tech
AAPL vs MSFTNVDA vs AMDGOOGL vs META
Cloud & Cyber
CRM vs NOWCRWD vs PANWSNOW vs DDOG
Consumer & Auto
TSLA vs FAMZN vs WMTNFLX vs DIS
Finance & Crypto
JPM vs BACV vs MACOIN vs MSTR
Pharma & Energy
LLY vs NVOJNJ vs PFEXOM vs CVX
Compare Any Stocks...
WatchlistInsider
ScreenerThemes
Earnings
WatchlistInsider
LPG
← Back to Screener
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Data updated daily

Product

  • Screener
  • Themes
  • Valuation
  • Total Return
  • DCA Calculator
  • News
  • Earnings

Resources

  • Market Valuation
  • Compare
  • Insider Activity
  • Methodology
  • How It Works
  • Glossary
  • Learn

Get Ideas

Get weekly stock ideas — free

© 2026 VCP Scanner
AboutPrivacyTerms
Not financial advice. Do your own research.
ScreenerNewsCompareWatchlist
LPGDorian LPG Ltd.
$37.78$1.6B
Overview & Verdict
Overview
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice HistoryTechnical Analysis
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Ownership
Holders
HomeStocksLPGBalance Sheet

Dorian LPG Ltd. (LPG) Balance Sheet

14Y historyFree accessUpdated daily

The company maintains a conservative financial profile with a debt-to-equity ratio of 0.62 as of 2026Q4, providing substantial insulation against interest rate volatility.

LPG Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricMar'26Mar'25Mar'24Mar'23Mar'22Mar'21Mar'20Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13
Total Current Assets450.25M382.36M368.88M236.3M307.89M153.34M139.61M82.59M103.51M63.97M105.56M233.21M315.09M6.16M
Cash & Short-Term Investments327.41M316.88M294.04M148.8M236.76M79.33M63.31M30.84M103.51M17.02M46.41M204.82M279.13M1.04M
Cash Only327.41M316.88M282.51M148.8M236.76M79.33M48.39M30.84M103.51M17.02M46.41M204.82M279.13M1.04M
Short-Term Investments0011.53M00014.92M0000000
Accounts Receivable99.08M49.45M53.01M76.35M58.64M56.39M67.67M45.84M27.22M42.47M54.61M23.23M3.61M1.14M
Days Sales Outstanding75.151.0834.5171.578.0565.1574.08105.8762.3592.5768.9281.4444.4210.81
Inventory2.44M2.51M2.39M2.64M2.27M2.01M2M2.11M2.01M2.58M2.29M3.38M1.06M1.71M
Days Inventory Outstanding4.034.564.475.965.134.364.835.755.577.028.2121.4517.8129.28
Other Current Assets21.32M13.52M19.44M005.32M3.37M599.95K000030.95M2.26M
Total Non-Current Assets1.42B1.4B1.47B1.47B1.3B1.43B1.53B1.54B25.86M1.68B1.74B865.89M525.16M188.29M
Property, Plant & Equipment1.36B1.35B1.42B1.42B1.26B1.39B1.46B1.48B1.54B1.6B1.67B818.62M518.1M187.08M
Fixed Asset Turnover0.35x0.26x0.39x0.27x0.22x0.23x0.23x0.11x0.10x0.10x0.17x0.13x0.06x0.21x
Goodwill00000000000000
Intangible Assets00000000000000
Long-Term Investments2.42M0011.37M00061.88M59.93M76.52M0000
Other Non-Current Assets54.38M50.01M44.65M39.09M36.86M33.42M67.64M2.22M-1.57B1.96M68.8M47.27M7.06M1.21M
Total Assets1.87B1.78B1.84B1.71B1.61B1.58B1.67B1.63B1.74B1.75B1.84B1.1B840.25M194.45M
Asset Turnover0.26x0.20x0.31x0.23x0.17x0.20x0.20x0.10x0.09x0.10x0.16x0.09x0.04x0.20x
Asset Growth %5.23%-3.21%7.53%6.32%1.63%-5.4%2.87%-6.38%-0.58%-5.21%67.61%30.81%332.12%-
Total Current Liabilities168.83M107.88M101.81M94.6M94.84M82.08M85.01M79.37M82.01M85.77M88.13M28.2M14.88M31.6M
Accounts Payable7.99M11.55M10.19M10.81M9.54M9.83M13.55M7.21M6.33M7.08M6.83M5.22M2.4M3.31M
Days Payables Outstanding13.221.0119.0224.3921.621.3332.7919.6417.5219.2524.4833.240.4256.81
Short-Term Debt146.83M54.98M54.08M53.64M72.2M52.02M53.34M63.97M65.07M65.98M67.93M15.68M9.61M12.11M
Deferred Revenue (Current)1.98M679.26K486.87K208.56K813.97K853.98K2.07M4.26M5.56M7.31M4.61M1.12M554.11K0
Other Current Liabilities11.33M959.21K2.49M1.29M952.47K2.4M3.64M2.97M3.97M1.89M4.72M2.69M1.44M16.17M
Current Ratio2.67x3.54x3.62x2.50x3.25x1.87x1.64x1.04x1.26x0.75x1.20x8.27x21.18x0.19x
Quick Ratio2.65x3.52x3.60x2.47x3.22x1.84x1.62x1.01x1.24x0.72x1.17x8.15x21.11x0.14x
Cash Conversion Cycle65.9434.6319.9653.0761.5848.1846.1191.9850.480.3452.6569.6921.81-16.73
Total Non-Current Liabilities563.87M624.67M712.3M740.47M592.37M552.71M609.89M633.32M694.69M684.47M768.45M197.69M133.17M150.09M
Long-Term Debt460.23M498.77M551.55M604.26M590.69M539.65M581.92M632.12M694.04M683.99M746.35M184.67M119.11M150.09M
Capital Lease Obligations102.06M124.42M159.23M134.78M08.08M17.65M0000000
Deferred Tax Liabilities00000000000000
Other Non-Current Liabilities1.58M1.48M1.53M1.43M1.69M4.98M10.32M1.2M651.57K482.69K22.1M13.02M14.06M0
Total Liabilities732.7M732.55M814.12M835.07M687.21M634.79M694.91M712.69M776.7M770.23M856.58M225.89M148.05M181.69M
Total Debt709.12M712.98M797.34M816.09M670.96M609.35M662.12M696.09M759.1M749.96M814.28M200.34M128.72M162.2M
Net Debt381.71M396.1M514.83M667.29M434.2M530.02M613.74M665.25M655.6M732.95M767.87M-4.48M-150.41M161.16M
Debt / Equity0.62x0.68x0.78x0.93x0.73x0.64x0.68x0.76x0.79x0.77x0.83x0.23x0.19x12.71x
Debt / EBITDA2.54x3.91x2.01x3.12x4.22x3.14x2.89x12.16x10.97x9.49x4.05x4.53x11.69x10.79x
Net Debt / EBITDA1.37x2.17x1.30x2.55x2.73x2.74x2.68x11.62x9.48x9.27x3.82x-0.10x-13.66x10.72x
Interest Coverage7.09x3.45x8.53x5.36x3.39x4.14x3.99x-0.35x0.20x0.80x10.91x84.46x2.23x-
Total Equity1.14B1.05B1.02B873.85M920.15M946.83M977.05M912.68M959.41M976M985.6M873.21M692.2M12.76M
Equity Growth %8.88%2.21%17.13%-5.03%-2.82%-3.09%7.05%-4.87%-1.7%-0.97%12.87%26.15%5325.7%-
Book Value per Share26.7424.8325.3021.7322.8019.0018.0516.7417.7520.3117.4015.5412.170.22
Total Shareholders' Equity1.14B1.05B1.02B873.85M920.15M946.83M977.05M912.68M959.41M976M985.6M873.21M692.2M12.76M
Common Stock546.48K543.24K519.95K516.31K513.22K510.71K590.83K588.83K586.4K583.42K580.58K580.58K483.65K73.88M
Retained Earnings400.02M311.14M377.14M231.84M280.76M289.4M196.84M84.99M135.94M156.34M157.78M28.09M2.83M-61.12M
Treasury Stock-140.12M-133.1M-126.84M-122.9M-121.23M-99.86M-87.18M-36.48M-35.22M-33.9M-20.94M000
Accumulated OCI00000000-190.48M-125.86M0-19.25M-6.56M0
Minority Interest00000000000000

Key Metrics

Growth RegimeExpanding
ProfitabilityStrong
Balance SheetFortress
Cash FlowRobust
Top Statement Risk

Cyclical Freight Rate Volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q4)

Deleveraging Enhances Balance Sheet Resilience

According to quarterly financial data, Dorian LPG has successfully reduced its total debt from $817.7 million in 2024Q3 to $709.1 million by 2026Q4, signaling a disciplined approach to capital management that strengthens the company's financial position against potential downturns in the volatile LPG shipping market.

The consistent reduction in debt levels, coupled with a stable equity base, suggests management is prioritizing balance sheet health over aggressive expansion during periods of high freight rates. This trajectory implies a lower interest burden and increased financial flexibility, which may provide a competitive advantage if market conditions necessitate opportunistic vessel acquisitions or further capital returns.

Conservative Leverage Supports Operational Stability

As reported in recent balance sheets, Dorian LPG maintains a debt-to-equity ratio of 0.62 as of 2026Q4, a figure that appears notably conservative for the capital-intensive shipping industry and suggests a high degree of insulation from interest rate volatility and potential refinancing risks.

The company's ability to maintain such low leverage while operating a modern fleet indicates that cash flow generation is sufficient to cover debt service without reliance on external financing. Investors should monitor whether this low leverage is a permanent strategic choice or a temporary posture intended to navigate the upcoming influx of newbuild vessel supply across the sector.

Asset Quality Anchored by Fleet

Based on reported figures, Dorian LPG's asset base is heavily concentrated in net PPE, which stood at $1.4 billion in 2026Q4, reflecting the company's asset-heavy business model and the significant capital investment required to maintain a modern, fuel-efficient fleet of ECO-design VLGCs.

The absence of goodwill on the balance sheet suggests that the company's asset valuation is grounded in tangible vessel value rather than acquisition premiums, which reduces the risk of future impairment charges. This asset composition implies that the company's competitive positioning is directly tied to the physical performance and regulatory compliance of its vessels.

Robust Liquidity Buffers Against Volatility

As indicated by the financial statements, Dorian LPG held $327.4 million in cash as of 2026Q4, maintaining a current ratio of 2.67, which provides a substantial buffer to manage the lumpy working capital requirements and periodic dry-docking expenses inherent in the international shipping business.

The liquidity position appears more than adequate to cover short-term obligations, even during periods of market softness where spot rates may compress. This cash-rich profile suggests the company is well-positioned to weather operational disruptions or trade route shifts without needing to access expensive credit facilities.

LPG — Frequently Asked Questions

Quick answers to the most common questions about buying LPG stock.

What are the total assets of Dorian LPG Ltd. (LPG)?

As of 2026, Dorian LPG Ltd. (LPG) had total assets of $1.87B including $450.3M in current assets.

How much debt does Dorian LPG Ltd. (LPG) have?

Dorian LPG Ltd. (LPG) carries total debt of $709.1M, offset by $327.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Dorian LPG Ltd.?

Dorian LPG Ltd. (LPG) has total shareholders' equity (book value) of $1.14B ($26.74 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Dorian LPG Ltd.'s current ratio and liquidity?

Dorian LPG Ltd. (LPG) reported a current ratio of 2.67x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.