Happiest Cash vs Short Term Investments Analysis

HAPPSTMNDS   730.10  5.55  0.77%   
Happiest Minds financial indicator trend analysis is much more than just examining Happiest Minds Techn latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Happiest Minds Techn is a good investment. Please check the relationship between Happiest Minds Cash and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Happiest Minds Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Cash vs Short Term Investments

Cash vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Happiest Minds Techn Cash account and Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Happiest Minds' Cash and Short Term Investments is 0.95. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Happiest Minds Technologies, assuming nothing else is changed. The correlation between historical values of Happiest Minds' Cash and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Happiest Minds Technologies are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Happiest Minds' Cash and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash

Cash refers to the most liquid asset of Happiest Minds Techn, which is listed under current asset account on Happiest Minds Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Happiest Minds customers. The amounts must be unrestricted with restricted cash listed in a different Happiest Minds account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Short Term Investments

Short Term Investments is an item under the current assets section of Happiest Minds balance sheet. It contains any investments Happiest Minds Technologies undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Happiest Minds Techn can easily liquidate in the marketplace.
Most indicators from Happiest Minds' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Happiest Minds Techn current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Happiest Minds Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Happiest Minds' Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Issuance Of Capital Stock is likely to grow to about 5.1 B, while Selling General Administrative is likely to drop about 117.3 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.8B3.1B6.6B6.9B
Cost Of Revenue5.8B8.1B10.2B10.7B

Happiest Minds fundamental ratios Correlations

0.970.790.720.970.940.950.940.980.960.950.830.971.00.980.571.00.96-0.030.910.950.91.00.930.770.64
0.970.830.810.910.980.990.890.970.910.990.730.950.960.970.610.960.990.00.960.860.950.950.970.760.74
0.790.830.870.70.710.810.70.860.820.80.370.770.770.870.790.760.82-0.40.750.640.830.770.760.90.75
0.720.810.870.550.760.810.520.770.690.770.390.690.690.790.80.680.81-0.210.730.550.920.690.720.680.98
0.970.910.70.550.880.870.970.930.930.890.870.940.980.920.430.980.880.00.850.970.770.980.880.750.45
0.940.980.710.760.880.980.870.920.830.970.780.930.930.920.50.930.970.20.960.840.920.920.960.630.72
0.950.990.810.810.870.980.870.950.860.990.70.930.930.950.590.940.990.060.960.820.950.920.970.730.76
0.940.890.70.520.970.870.870.920.90.90.780.890.950.890.330.950.880.020.860.880.740.930.910.790.41
0.980.970.860.770.930.920.950.920.950.940.740.930.970.990.590.970.95-0.120.890.890.920.970.910.810.68
0.960.910.820.690.930.830.860.90.950.870.770.930.960.940.610.950.9-0.220.830.920.850.960.840.820.59
0.950.990.80.770.890.970.990.90.940.870.70.940.940.940.530.940.990.070.970.830.920.920.990.760.7
0.830.730.370.390.870.780.70.780.740.770.70.80.850.730.260.850.70.270.690.920.640.860.680.390.36
0.970.950.770.690.940.930.930.890.930.930.940.80.960.950.570.960.940.060.940.930.870.950.930.720.61
1.00.960.770.690.980.930.930.950.970.960.940.850.960.970.541.00.94-0.050.890.960.881.00.910.770.6
0.980.970.870.790.920.920.950.890.990.940.940.730.950.970.670.970.95-0.130.90.90.930.970.910.80.7
0.570.610.790.80.430.50.590.330.590.610.530.260.570.540.670.530.58-0.50.510.490.730.570.460.560.76
1.00.960.760.680.980.930.940.950.970.950.940.850.961.00.970.530.94-0.030.890.960.881.00.920.760.6
0.960.990.820.810.880.970.990.880.950.90.990.70.940.940.950.580.940.00.960.830.950.930.980.780.75
-0.030.0-0.4-0.210.00.20.060.02-0.12-0.220.070.270.06-0.05-0.13-0.5-0.030.00.20.0-0.09-0.060.11-0.46-0.12
0.910.960.750.730.850.960.960.860.890.830.970.690.940.890.90.510.890.960.20.790.880.870.970.680.67
0.950.860.640.550.970.840.820.880.890.920.830.920.930.960.90.490.960.830.00.790.770.970.80.650.47
0.90.950.830.920.770.920.950.740.920.850.920.640.870.880.930.730.880.95-0.090.880.770.880.870.690.89
1.00.950.770.690.980.920.920.930.970.960.920.860.951.00.970.571.00.93-0.060.870.970.880.890.750.61
0.930.970.760.720.880.960.970.910.910.840.990.680.930.910.910.460.920.980.110.970.80.870.890.760.64
0.770.760.90.680.750.630.730.790.810.820.760.390.720.770.80.560.760.78-0.460.680.650.690.750.760.53
0.640.740.750.980.450.720.760.410.680.590.70.360.610.60.70.760.60.75-0.120.670.470.890.610.640.53
Click cells to compare fundamentals

Happiest Minds Account Relationship Matchups

Happiest Minds fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.1B9.2B11.3B16.4B22.5B23.6B
Short Long Term Debt Total1.1B1.9B2.5B5.3B5.1B5.4B
Other Current Liab737.9M831.5M991.2M1.2B1.1B628.2M
Total Current Liabilities2.1B2.8B3.7B5.8B5.7B2.9B
Total Stockholder Equity2.7B5.5B6.7B8.4B14.8B15.5B
Property Plant And Equipment Net309.9M223.3M546.8M1.9B1.9B2.0B
Net Debt703.7M1.1B1.8B4.6B4.0B4.2B
Retained Earnings(559.7M)1.1B2.2B3.9B5.5B5.8B
Accounts Payable344.2M410.1M607.2M705.2M791.5M831.1M
Cash435.3M858.3M672.9M699.9M1.1B1.2B
Non Current Assets Total630.1M1.8B2.0B5.7B4.7B4.9B
Other Assets232M316.6M209.2M493.3M567.3M595.7M
Cash And Short Term Investments2.3B5.1B6.2B8.1B12.3B12.9B
Net Receivables1.6B1.9B2.7B3.5B3.9B4.1B
Common Stock Shares Outstanding133.7M141.9M144.4M144.3M148.5M122.8M
Short Term Investments1.9B4.2B5.5B7.4B11.1B11.7B
Liabilities And Stockholders Equity5.1B9.2B11.3B16.4B22.5B23.6B
Non Current Liabilities Total311.8M971.7M922M2.3B2.0B2.1B
Inventory(835.1M)(3.9B)(4.6B)(36.3M)31.9M33.5M
Other Current Assets566.7M574.9M311.6M2.0B1.6B1.7B
Other Stockholder Equity2.8B4.0B4.1B4.2B9.0B9.5B
Total Liab2.4B3.8B4.6B8.0B7.7B8.1B
Total Current Assets4.5B7.4B9.3B10.7B17.8B18.7B
Accumulated Other Comprehensive Income2.3B75.8M74.8M39.6M(32.3M)(30.7M)
Intangible Assets8.8M296.6M243.1M1.0B780.8M819.8M
Common Stock87.9M283.7M285.4M286.6M298.7M151.2M
Short Term Debt952.7M1.4B1.9B3.7B3.6B2.0B
Other Liab125.5M483.3M337.7M581.8M669.1M702.5M
Net Tangible Assets2.2B4.4B5.6B6.0B6.9B7.2B
Property Plant Equipment309.9M223.3M546.8M1.9B2.2B2.3B
Current Deferred Revenue(952.7M)745.7M907.1M1.1B182.5M335.0M
Long Term Debt13.2M366.1M172.4M1.1B1.0B1.1B
Good Will61M764.4M789.6M1.4B1.4B766.7M
Capital Lease Obligations354.7M264.5M591.1M662M698.2M566.0M
Net Invested Capital3.1B6.9B8.6B13.1B19.2B20.2B
Short Long Term Debt771.1M1.1B1.7B3.5B3.4B1.9B
Net Working Capital2.3B4.7B5.6B5.0B12.1B12.7B
Capital Stock87.9M283.7M285.4M286.6M298.7M238.7M

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Other Information on Investing in Happiest Stock

Balance Sheet is a snapshot of the financial position of Happiest Minds Techn at a specified time, usually calculated after every quarter, six months, or one year. Happiest Minds Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Happiest Minds and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Happiest currently owns. An asset can also be divided into two categories, current and non-current.