Happiest Minds Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Happiest Minds Technologies has a total shareholder equity of ₹13.9B and total debt of ₹5.3B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are ₹22.0B and ₹8.1B respectively. Happiest Minds Technologies's EBIT is ₹2.9B making its interest coverage ratio 21. It has cash and short-term investments of ₹11.4B.
Key information
38.0%
Debt to equity ratio
₹5.30b
Debt
| Interest coverage ratio | 21x |
| Cash | ₹11.37b |
| Equity | ₹13.94b |
| Total liabilities | ₹8.09b |
| Total assets | ₹22.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543227's short term assets (₹15.7B) exceed its short term liabilities (₹5.8B).
Long Term Liabilities: 543227's short term assets (₹15.7B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: 543227 has more cash than its total debt.
Reducing Debt: 543227 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 543227's debt is well covered by operating cash flow (46.6%).
Interest Coverage: 543227's interest payments on its debt are well covered by EBIT (21x coverage).