Happiest Minds Technologies Limited (HAPPSTMNDS) — Cash Flow-to-Debt Ratio
Happiest Minds Technologies Limited (HAPPSTMNDS) has a Cash Flow-to-Debt Ratio of 0.04x as of December 2023, meaning its operating cash flow of Rs296.20 Million could theoretically repay 0% of its total liabilities (Rs8.08 Billion) in one year. See how financially flexible is Happiest Minds Technologies Limited to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Happiest Minds Technologies Limited Cash Flow-to-Debt Ratio (2013–2025)
Historical debt coverage capacity for Happiest Minds Technologies Limited across 13 annual periods. For the full cash flow conversion analysis, see HAPPSTMNDS cash generation efficiency.
Annual Cash Flow-to-Debt Ratio for Happiest Minds Technologies Limited (2013–2025)
Year-by-year debt coverage analysis for Happiest Minds Technologies Limited. Check Happiest Minds Technologies Limited (HAPPSTMNDS) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (INR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.13x | Rs2.36 Billion | Rs17.84 Billion | ▼ -52.2% |
| 2024 | 0.28x | Rs2.13 Billion | Rs7.68 Billion | ▲ +7.2% |
| 2023 | 0.26x | Rs2.07 Billion | Rs8.02 Billion | ▼ -29.4% |
| 2022 | 0.37x | Rs1.68 Billion | Rs4.59 Billion | ▼ -3.9% |
| 2021 | 0.38x | Rs1.43 Billion | Rs3.76 Billion | ▼ -17.6% |
| 2020 | 0.46x | Rs1.12 Billion | Rs2.43 Billion | ▲ +284.6% |
| 2019 | 0.12x | Rs576.20 Million | Rs4.80 Billion | ▲ +476.2% |
| 2018 | 0.02x | Rs103.40 Million | Rs4.96 Billion | ▲ +119.6% |
| 2017 | -0.11x | Rs-114.00 Million | Rs1.07 Billion | ▲ +29.6% |
| 2016 | -0.15x | Rs-132.30 Million | Rs876.80 Million | ▲ +69.6% |
| 2015 | -0.50x | Rs-311.28 Million | Rs627.90 Million | ▲ +76.1% |
| 2014 | -2.07x | Rs-883.86 Million | Rs426.80 Million | ▼ -14994.8% |
| 2013 | 0.01x | Rs4.01 Million | Rs288.63 Million | — |