Dorian LPG (Dorian LPG) Interest Expense : $-32.2 Mil (TTM As of Dec. 2023)

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What is Dorian LPG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dorian LPG's interest expense for the three months ended in Dec. 2023 was $ -10.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-32.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Dorian LPG's Operating Income for the three months ended in Dec. 2023 was $ 110.3 Mil. Dorian LPG's Interest Expense for the three months ended in Dec. 2023 was $ -10.1 Mil. Dorian LPG's Interest Coverage for the quarter that ended in Dec. 2023 was 10.95. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Dorian LPG Interest Expense Historical Data

The historical data trend for Dorian LPG's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dorian LPG Interest Expense Chart

Dorian LPG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-36.64

-32.36

-21.67

-19.83

-30.03

Dorian LPG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.64	-1.44	-10.40	-10.32	-10.08

Dorian LPG Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.2 Mil.

Dorian LPG (NYSE:LPG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Dorian LPG's Interest Expense for the three months ended in Dec. 2023 was $-10.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $110.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $732.3 Mil.

Dorian LPG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	110.341	/	-10.077
	=	10.95

The higher the ratio, the stronger the company's financial strength is.

Dorian LPG (Dorian LPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dorian LPG Ltd (NYSE:LPG) » Definitions » Interest Expense

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Traded in Other Exchanges

0DA:Germany 0DA:Germany

Address

27 Signal Road, Stamford, CT, USA, 06902

Website

https://www.dorianlpg.com

Dorian LPG Ltd is an international liquefied petroleum gas shipping company focused on owning and operating gas carriers, or VLGCs. The company currently owns and operates around 22 modern VLGCs, including nineteen new fuel-efficient 84,000 cbm ECO-design VLGCs. Dorian LPG has offices in Connecticut, USA, London, United Kingdom, and Athens, Greece.

Executives

John C Hadjipateras	director, officer: Chief Executive Officer	C/O DORIAN LPG (USA) LLC, 27 SIGNAL ROAD, STAMFORD CT 06902
Christina Tan	director	1453 FAIRFIELD BEACH ROAD, FAIRFIELD CT 06824
Theodore B. Young	officer: Chief Financial Officer	C/O DORIAN LPG (USA) LLC, 27 SIGNAL ROAD, STAMFORD CT 06902
Alexander C. Hadjipateras	officer: EVP at Dorian LPG (USA) LLC	C/O DORIAN LPG (USA) LLC, 27 SIGNAL ROAD, STAMFORD CT 06902
Tim Truels Hansen	officer: Chief Commercial Officer	STRANDHOLMS ALLE 23, HVIDOVRE G7 2650
John Lycouris	director, officer: CEO of Dorian LPG (USA) LLC	C/O DORIAN LPG (USA) LLC, 27 SIGNAL ROAD, STAMFORD CT 06902
Thomas Jason Coleman	director	C/O KENSICO CAPITAL MANAGEMENT, 55 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Marit Lunde	director	27 SIGNAL ROAD, STAMFORD CT 06902
Ted Kalborg	director	C/O TUFTON OCEANIC LIMITED, ALBEMARLE HOUSE, 1, ALBEMARLE STREET, LONDON X0 SW1 4HA
Bw Group Ltd	10 percent owner	MAPLETREE BUSINESS CITY, #18-01;, 10 PASIR PANJANG ROAD, SINGAPORE U0 117438
Bw Lpg Holding Ltd	other: Member of 10% owner group	C/O MAPLETREE BUSINESS CITY #17-02, 10 PASIR PANJANG ROAD, SINGAPORE U0 117438
Hna Investment Management Llc	10 percent owner	C/O HNA GROUP NORTH AMERICA LLC, 1180 AVENUE OF THE AMERICAS, SUITE 1910, NEW YORK NY 10036
Scorpio Tankers Inc.	10 percent owner	L'EXOTIQUE 99 BOULEVARD JARDIN EXOTIQUE, MONACO O9 98000
Family Foundation Sohmen	10 percent owner	HEILIGKREUZ 6, P O BOX 484, VADUZ N2 FL-9490
Bw Euroholdings Ltd	10 percent owner	MAPLETREE BUSINESS CITY, #18-01;, 10 PASIR PANJANG ROAD, SINGAPORE U0 117438