Happiest Minds Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Happiest Minds Technologies has a total shareholder equity of ₹15.2B and total debt of ₹12.4B, which brings its debt-to-equity ratio to 81.4%. Its total assets and total liabilities are ₹33.0B and ₹17.8B respectively. Happiest Minds Technologies's EBIT is ₹2.7B making its interest coverage ratio -20.8. It has cash and short-term investments of ₹14.6B.
Key information
81.4%
Debt to equity ratio
₹12.41b
Debt
| Interest coverage ratio | -20.8x |
| Cash | ₹14.58b |
| Equity | ₹15.24b |
| Total liabilities | ₹17.76b |
| Total assets | ₹33.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543227's short term assets (₹20.1B) exceed its short term liabilities (₹14.6B).
Long Term Liabilities: 543227's short term assets (₹20.1B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: 543227 has more cash than its total debt.
Reducing Debt: 543227's debt to equity ratio has reduced from 209.6% to 81.4% over the past 5 years.
Debt Coverage: 543227's debt is well covered by operating cash flow (20.3%).
Interest Coverage: 543227 earns more interest than it pays, so coverage of interest payments is not a concern.