Happiest Minds Technologies (BOM:543227) Cash-to-Debt : 2.88 (As of Mar. 2024)

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What is Happiest Minds Technologies Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Happiest Minds Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.88.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Happiest Minds Technologies could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Happiest Minds Technologies's Cash-to-Debt or its related term are showing as below:

BOM:543227' s Cash-to-Debt Range Over the Past 10 Years
Min: 1 Med: 2.01 Max: 2.88
Current: 2.88

During the past 7 years, Happiest Minds Technologies's highest Cash to Debt Ratio was 2.88. The lowest was 1.00. And the median was 2.01.

BOM:543227's Cash-to-Debt is ranked better than
51.55% of 2799 companies
in the Software industry
Industry Median: 2.51 vs BOM:543227: 2.88

Happiest Minds Technologies Cash-to-Debt Historical Data

The historical data trend for Happiest Minds Technologies's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Happiest Minds Technologies Cash-to-Debt Chart

Happiest Minds Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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2.01

2.63

2.49

1.00

2.88

Happiest Minds Technologies Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.00	N/A	2.41	N/A	2.88

Competitive Comparison of Happiest Minds Technologies's Cash-to-Debt

For the Information Technology Services subindustry, Happiest Minds Technologies's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Happiest Minds Technologies's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Happiest Minds Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Happiest Minds Technologies's Cash-to-Debt falls into.

Happiest Minds Technologies Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Happiest Minds Technologies's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	14750.3	/	(3620.4	+	1501.5)
	=	2.88

Happiest Minds Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	14750.3	/	(3620.4	+	1501.5)
	=	2.88

Happiest Minds Technologies (BOM:543227) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Happiest Minds Technologies Cash-to-Debt Related Terms

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Happiest Minds Technologies (BOM:543227) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Happiest Minds Technologies Ltd (BOM:543227) » Definitions » Cash-to-Debt

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HAPPSTMNDS:India

Address

No 53/1-4, Hosur Main Road, Madivala (Next To Madivala Police Station), Bengaluru, KA, IND, 560068

Website

https://www.happiestminds.com

Happiest Minds Technologies Ltd is an information technology (IT) company intended to deliver seamless customer experiences, business efficiency, and actionable insights to users. The company leverages a spectrum of disruptive technologies like artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and more, enabling users in the industry sectors like automotive, banking, financial services and insurance (BFSI), consumer packaged goods, e-commerce, edutech, engineering research and development (R&D), hi-tech, manufacturing, retail, and travel/transportation/hospitality to undergo digital transformation.

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