Shigan Quantum Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Shigan Quantum Technologies has a total shareholder equity of ₹622.1M and total debt of ₹377.2M, which brings its debt-to-equity ratio to 60.6%. Its total assets and total liabilities are ₹1.4B and ₹769.6M respectively. Shigan Quantum Technologies's EBIT is ₹47.8M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹101.7M.
Key information
60.6%
Debt to equity ratio
₹377.19m
Debt
| Interest coverage ratio | 1.2x |
| Cash | ₹101.66m |
| Equity | ₹622.06m |
| Total liabilities | ₹769.60m |
| Total assets | ₹1.39b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Shigan Quantum Technologies (NSE:SHIGAN) Is Using Debt Extensively
Mar 14
Robust 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 (₹1.2B) exceed its short term liabilities (₹733.3M).
Long Term Liabilities: SHIGAN's short term assets (₹1.2B) exceed its long term liabilities (₹36.3M).
Debt to Equity History and Analysis
Debt Level: SHIGAN's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: SHIGAN's debt to equity ratio has reduced from 97.7% to 60.6% over the past 5 years.
Debt Coverage: SHIGAN's debt is well covered by operating cash flow (36.8%).
Interest Coverage: SHIGAN's interest payments on its debt are not well covered by EBIT (1.2x coverage).