Shigan Quantum Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Shigan Quantum Technologies has a total shareholder equity of ₹706.9M and total debt of ₹446.8M, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are ₹1.5B and ₹809.9M respectively. Shigan Quantum Technologies's EBIT is ₹93.3M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹100.9M.
Key information
63.2%
Debt to equity ratio
₹446.80m
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹100.91m |
| Equity | ₹706.86m |
| Total liabilities | ₹809.89m |
| Total assets | ₹1.52b |
Recent financial health updates
Recent updates
Shigan Quantum Technologies Limited's (NSE:SHIGAN) 31% Price Boost Is Out Of Tune With Earnings
Sep 11
Shigan 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 (₹725.5M).
Long Term Liabilities: SHIGAN's short term assets (₹1.3B) exceed its long term liabilities (₹84.4M).
Debt to Equity History and Analysis
Debt Level: SHIGAN's net debt to equity ratio (48.9%) is considered high.
Reducing Debt: SHIGAN's debt to equity ratio has reduced from 84% to 63.2% 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 (2.7x coverage).