Cigniti Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Cigniti Technologies has a total shareholder equity of ₹7.4B and total debt of ₹349.3M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are ₹10.1B and ₹2.7B respectively. Cigniti Technologies's EBIT is ₹1.9B making its interest coverage ratio -10.5. It has cash and short-term investments of ₹4.1B.
Key information
4.7%
Debt to equity ratio
₹349.34m
Debt
| Interest coverage ratio | -10.5x |
| Cash | ₹4.08b |
| Equity | ₹7.38b |
| Total liabilities | ₹2.68b |
| Total assets | ₹10.06b |
Recent financial health updates
Is Cigniti Technologies (NSE:CIGNITITEC) A Risky Investment?
Mar 12
We Think Cigniti Technologies (NSE:CIGNITITEC) Can Manage Its Debt With Ease
May 30We Think Cigniti Technologies (NSE:CIGNITITEC) Can Manage Its Debt With Ease
Feb 26Does Cigniti Technologies (NSE:CIGNITITEC) Have A Healthy Balance Sheet?
Nov 13Recent updates
We Ran A Stock Scan For Earnings Growth And Cigniti Technologies (NSE:CIGNITITEC) Passed With Ease
May 03Is Cigniti Technologies (NSE:CIGNITITEC) A Risky Investment?
Mar 12Should You Be Adding Cigniti Technologies (NSE:CIGNITITEC) To Your Watchlist Today?
Nov 04Cigniti Technologies (NSE:CIGNITITEC) Is Paying Out A Larger Dividend Than Last Year
May 25Why We Like The Returns At Cigniti Technologies (NSE:CIGNITITEC)
Mar 22Investors Met With Slowing Returns on Capital At Cigniti Technologies (NSE:CIGNITITEC)
Sep 30Investors Should Be Encouraged By Cigniti Technologies' (NSE:CIGNITITEC) Returns On Capital
Jun 14We Think Cigniti Technologies (NSE:CIGNITITEC) Can Manage Its Debt With Ease
May 30A Look At The Intrinsic Value Of Cigniti Technologies Limited (NSE:CIGNITITEC)
Apr 12Do Insiders Own Lots Of Shares In Cigniti Technologies Limited (NSE:CIGNITITEC)?
Mar 13We Think Cigniti Technologies (NSE:CIGNITITEC) Can Manage Its Debt With Ease
Feb 26Is Weakness In Cigniti Technologies Limited (NSE:CIGNITITEC) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Feb 11Did Cigniti Technologies' (NSE:CIGNITITEC) Share Price Deserve to Gain 46%?
Jan 27
Cigniti Technologies (NSE:CIGNITITEC) Is Very Good At Capital Allocation
Jan 10This Insider Has Just Sold Shares In Cigniti Technologies Limited (NSE:CIGNITITEC)
Dec 26How Much Of Cigniti Technologies Limited (NSE:CIGNITITEC) Do Insiders Own?
Dec 13How Many Cigniti Technologies Limited (NSE:CIGNITITEC) Shares Did Insiders Buy, In The Last Year?
Nov 28Does Cigniti Technologies (NSE:CIGNITITEC) Have A Healthy Balance Sheet?
Nov 13Cigniti Technologies Limited's (NSE:CIGNITITEC) Stock Is Going Strong: Is the Market Following Fundamentals?
Oct 29Financial Position Analysis
Short Term Liabilities: CIGNITITEC's short term assets (₹8.6B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: CIGNITITEC's short term assets (₹8.6B) exceed its long term liabilities (₹326.6M).
Debt to Equity History and Analysis
Debt Level: CIGNITITEC has more cash than its total debt.
Reducing Debt: CIGNITITEC's debt to equity ratio has reduced from 48.9% to 4.7% over the past 5 years.
Debt Coverage: CIGNITITEC's debt is well covered by operating cash flow (370.5%).
Interest Coverage: CIGNITITEC earns more interest than it pays, so coverage of interest payments is not a concern.