Cigniti Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Cigniti Technologies has a total shareholder equity of ₹6.7B and total debt of ₹689.5M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are ₹9.1B and ₹2.4B respectively. Cigniti Technologies's EBIT is ₹2.3B making its interest coverage ratio -20.6. It has cash and short-term investments of ₹2.9B.
Key information
10.3%
Debt to equity ratio
₹689.46m
Debt
Interest coverage ratio | -20.6x |
Cash | ₹2.91b |
Equity | ₹6.68b |
Total liabilities | ₹2.44b |
Total assets | ₹9.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534758's short term assets (₹7.5B) exceed its short term liabilities (₹2.1B).
Long Term Liabilities: 534758's short term assets (₹7.5B) exceed its long term liabilities (₹322.0M).
Debt to Equity History and Analysis
Debt Level: 534758 has more cash than its total debt.
Reducing Debt: 534758's debt to equity ratio has reduced from 110.6% to 10.3% over the past 5 years.
Debt Coverage: 534758's debt is well covered by operating cash flow (158.2%).
Interest Coverage: 534758 earns more interest than it pays, so coverage of interest payments is not a concern.