Shigan Quantum Technologies Balance Sheet Health
Financial Health criteria checks 2/6
Shigan Quantum Technologies has a total shareholder equity of ₹748.1M and total debt of ₹507.9M, which brings its debt-to-equity ratio to 67.9%. Its total assets and total liabilities are ₹1.6B and ₹886.5M respectively. Shigan Quantum Technologies's EBIT is ₹139.2M making its interest coverage ratio 3. It has cash and short-term investments of ₹80.2M.
Key information
67.9%
Debt to equity ratio
₹507.90m
Debt
| Interest coverage ratio | 3x |
| Cash | ₹80.19m |
| Equity | ₹748.10m |
| Total liabilities | ₹886.53m |
| Total assets | ₹1.63b |
Recent financial health updates
Here's Why Shigan Quantum Technologies (NSE:SHIGAN) Can Manage Its Debt Responsibly
Nov 21
These 4 Measures Indicate That Shigan Quantum Technologies (NSE:SHIGAN) Is Using Debt Extensively
Mar 14Recent updates
Here's Why Shigan Quantum Technologies (NSE:SHIGAN) Can Manage Its Debt Responsibly
Nov 21Shigan Quantum Technologies Limited's (NSE:SHIGAN) 31% Price Boost Is Out Of Tune With Earnings
Sep 11Shigan Quantum Technologies Limited's (NSE:SHIGAN) 31% Price Boost Is Out Of Tune With Earnings
Sep 11These 4 Measures Indicate That Shigan Quantum Technologies (NSE:SHIGAN) Is Using Debt Extensively
Mar 14Robust Earnings May Not Tell The Whole Story For Shigan Quantum Technologies (NSE:SHIGAN)
Nov 19Market Cool On Shigan Quantum Technologies Limited's (NSE:SHIGAN) Earnings Pushing Shares 29% Lower
Jun 17Financial Position Analysis
Short Term Liabilities: SHIGAN's short term assets (₹1.3B) exceed its short term liabilities (₹785.7M).
Long Term Liabilities: SHIGAN's short term assets (₹1.3B) exceed its long term liabilities (₹100.9M).
Debt to Equity History and Analysis
Debt Level: SHIGAN's net debt to equity ratio (57.2%) is considered high.
Reducing Debt: SHIGAN's debt to equity ratio has increased from 63.8% to 67.9% over the past 5 years.
Debt Coverage: SHIGAN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SHIGAN's interest payments on its debt are not well covered by EBIT (3x coverage).