Happiest Minds Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Happiest Minds Technologies has a total shareholder equity of ₹14.8B and total debt of ₹4.5B, which brings its debt-to-equity ratio to 30.2%. Its total assets and total liabilities are ₹22.5B and ₹7.7B respectively. Happiest Minds Technologies's EBIT is ₹2.8B making its interest coverage ratio -7.1. It has cash and short-term investments of ₹12.3B.
Key information
30.2%
Debt to equity ratio
₹4.46b
Debt
| Interest coverage ratio | -7.1x |
| Cash | ₹12.30b |
| Equity | ₹14.80b |
| Total liabilities | ₹7.68b |
| Total assets | ₹22.48b |
Recent financial health updates
Is Happiest Minds Technologies (NSE:HAPPSTMNDS) Using Too Much Debt?
Jun 05
Happiest Minds Technologies (NSE:HAPPSTMNDS) Has A Pretty Healthy Balance Sheet
Feb 10Recent updates
Is Happiest Minds Technologies (NSE:HAPPSTMNDS) Using Too Much Debt?
Jun 05What Happiest Minds Technologies Limited's (NSE:HAPPSTMNDS) P/E Is Not Telling You
Mar 29Happiest Minds Technologies (NSE:HAPPSTMNDS) Has A Pretty Healthy Balance Sheet
Feb 10Capital Allocation Trends At Happiest Minds Technologies (NSE:HAPPSTMNDS) Aren't Ideal
Jan 15Happiest Minds Technologies (NSE:HAPPSTMNDS) Is Increasing Its Dividend To ₹2.50
Oct 21Here's Why Happiest Minds Technologies (NSE:HAPPSTMNDS) Has Caught The Eye Of Investors
Jun 21Many Would Be Envious Of Happiest Minds Technologies' (NSE:HAPPSTMNDS) Excellent Returns On Capital
Jun 04News Flash: Analysts Just Made A Notable Upgrade To Their Happiest Minds Technologies Limited (NSE:HAPPSTMNDS) Forecasts
May 14Returns on Capital Paint A Bright Future For Happiest Minds Technologies (NSE:HAPPSTMNDS)
Feb 21Why We Like The Returns At Happiest Minds Technologies (NSE:HAPPSTMNDS)
Sep 13Happiest Minds Technologies (NSE:HAPPSTMNDS) Is Paying Out Less In Dividends Than Last Year
Jun 08Happiest Minds Technologies' (NSE:HAPPSTMNDS) Shareholders Will Receive A Smaller Dividend Than Last Year
May 10Earnings Update: Here's Why Analysts Just Lifted Their Happiest Minds Technologies Limited (NSE:HAPPSTMNDS) Price Target To ₹1,510
Feb 01The Trend Of High Returns At Happiest Minds Technologies (NSE:HAPPSTMNDS) Has Us Very Interested
Dec 09Does Happiest Minds Technologies (NSE:HAPPSTMNDS) Deserve A Spot On Your Watchlist?
Sep 21Happiest Minds Technologies' (NSE:HAPPSTMNDS) Promising Earnings May Rest On Soft Foundations
Jun 17Happiest Minds Technologies Limited's (NSE:HAPPSTMNDS) Shares Climb 31% But Its Business Is Yet to Catch Up
Feb 17Happiest Minds Technologies Limited's (NSE:HAPPSTMNDS) Stock Been Rising: Are Strong Financials Guiding The Market?
Jan 28Need To Know: Happiest Minds Technologies Limited (NSE:HAPPSTMNDS) Insiders Have Been Selling Shares
Jan 07Financial Position Analysis
Short Term Liabilities: HAPPSTMNDS's short term assets (₹17.8B) exceed its short term liabilities (₹5.7B).
Long Term Liabilities: HAPPSTMNDS's short term assets (₹17.8B) exceed its long term liabilities (₹2.0B).
Debt to Equity History and Analysis
Debt Level: HAPPSTMNDS has more cash than its total debt.
Reducing Debt: HAPPSTMNDS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: HAPPSTMNDS's debt is well covered by operating cash flow (47.6%).
Interest Coverage: HAPPSTMNDS earns more interest than it pays, so coverage of interest payments is not a concern.