Shigan Quantum Technologies (NSE:SHIGAN) Equity-to-Asset : 0.45 (As of Sep. 2023)

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What is Shigan Quantum Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shigan Quantum Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹622 Mil. Shigan Quantum Technologies's Total Assets for the quarter that ended in Sep. 2023 was ₹1,392 Mil. Therefore, Shigan Quantum Technologies's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.45.

The historical rank and industry rank for Shigan Quantum Technologies's Equity-to-Asset or its related term are showing as below:

NSE:SHIGAN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.43 Max: 0.54
Current: 0.45

During the past 5 years, the highest Equity to Asset Ratio of Shigan Quantum Technologies was 0.54. The lowest was 0.37. And the median was 0.43.

NSE:SHIGAN's Equity-to-Asset is ranked worse than
52.58% of 1316 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:SHIGAN: 0.45

Shigan Quantum Technologies Equity-to-Asset Historical Data

The historical data trend for Shigan Quantum Technologies's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shigan Quantum Technologies Equity-to-Asset Chart

Shigan Quantum Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.37

0.54

0.38

0.42

Shigan Quantum Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			-	-	0.44	0.42	0.45

Competitive Comparison of Shigan Quantum Technologies's Equity-to-Asset

For the Auto Parts subindustry, Shigan Quantum Technologies's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shigan Quantum Technologies's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shigan Quantum Technologies's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Shigan Quantum Technologies's Equity-to-Asset falls into.

Shigan Quantum Technologies Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Shigan Quantum Technologies's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	538.369	/	1272.47
	=	0.42

Shigan Quantum Technologies's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	621.713	/	1391.661
	=	0.45

Shigan Quantum Technologies (NSE:SHIGAN) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Shigan Quantum Technologies Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Shigan Quantum Technologies's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shigan Quantum Technologies (NSE:SHIGAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shigan Quantum Technologies Ltd (NSE:SHIGAN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alier Bhangrola Road, Shyam Udyog Parisar, IMT Manesa, Gurugram, HR, IND, 122052

Website

https://www.shigan-quantum.com

Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of Alternate Fuel Systems Components including Compressed Natural Gas, Liquefied natural gas, Hydrogen Fuel Kit systems for original equipment manufacturer suppliers to auto industries The company manufactures Alternate Fuel Systems for heavy duty vehicles, light duty vehicles, and off- highway applications.

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