Happiest Minds Technologies (BOM:543227) Equity-to-Asset : 0.66 (As of Mar. 2024)

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What is Happiest Minds Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Happiest Minds Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹14,802 Mil. Happiest Minds Technologies's Total Assets for the quarter that ended in Mar. 2024 was ₹22,478 Mil. Therefore, Happiest Minds Technologies's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.66.

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

BOM:543227' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.28 Med: 0.52 Max: 0.66
Current: 0.66

During the past 7 years, the highest Equity to Asset Ratio of Happiest Minds Technologies was 0.66. The lowest was -0.28. And the median was 0.52.

BOM:543227's Equity-to-Asset is ranked better than
66.27% of 2852 companies
in the Software industry
Industry Median: 0.55 vs BOM:543227: 0.66

Happiest Minds Technologies Equity-to-Asset Historical Data

The historical data trend for Happiest Minds 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.

Happiest Minds Technologies Equity-to-Asset Chart

Happiest Minds Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

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0.52

0.59

0.51

0.66

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
Equity-to-Asset	Get a 7-Day Free Trial															0.51	-	0.63	-	0.66

Competitive Comparison of Happiest Minds Technologies's Equity-to-Asset

For the Information Technology Services subindustry, Happiest Minds 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.

Happiest Minds Technologies's Equity-to-Asset Distribution in the Software Industry

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

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

Happiest Minds 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.

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

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	14802.4	/	22477.9
	=	0.66

Happiest Minds Technologies's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	14802.4	/	22477.9
	=	0.66

Happiest Minds Technologies (BOM:543227) 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%.

Happiest Minds Technologies Equity-to-Asset Related Terms

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

Happiest Minds Technologies (BOM:543227) Business Description

Industry

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

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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.

Happiest Minds Technologies (BOM:543227) Headlines

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