What is Happy Square Outsourcing Services Current Ratio?
Happy Square Outsourcing ServicesNSE:WHITEFORCE 18 Current Ratio is 3.32 as of Mar. 2026, which is 141% above its 10-year median of 1.38. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 1,092 Business Services companies, Happy Square Outsourcing Services ranks better than 77.93% on this metric.
Happy Square Outsourcing Services has a current ratio of 3.32. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Happy Square Outsourcing Services's Current Ratio or its related term are showing as below:
NSE:WHITEFORCE'
s Current Ratio Range Over the Past 10 Years
Min: 1.25 Med: 1.38 Max: 3.32
Current: 3.32
During the past 4 years, Happy Square Outsourcing Services's highest Current Ratio was 3.32. The lowest was 1.25. And the median was 1.38.
NSE:WHITEFORCE's Current Ratio is ranked better than 77.93% of 1092
companies
in the Business Services industry
Industry Median: 1.81
vs NSE:WHITEFORCE: 3.32
Happy Square Outsourcing Services (NSE:WHITEFORCE) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Happy Square Outsourcing Services Current Ratio Related Terms
Happy Square Outsourcing Services Current Ratio Historical Data
* 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.
Happy Square Outsourcing Services Current Ratio Chart
Happy Square Outsourcing Services Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Current Ratio
1.25
1.29
1.47
3.32
Happy Square Outsourcing Services Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Current Ratio
1.25
1.29
1.47
3.32
NSE:WHITEFORCE vs KFY, RHI, TNET: Current Ratio Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services's Current Ratio, along with its competitors' market caps and Current Ratio 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.
Happy Square Outsourcing Services Current Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's Current Ratio distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing Services's Current Ratio falls into.
* 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.
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a Current Ratio of 3.32 as of Mar. 2026. This is 141% above median its historical median of 1.38. Over the past decade, Happy Square Outsourcing Services' Current Ratio has ranged from 1.25 to 3.32. According to the industry distribution chart, Happy Square Outsourcing Services ranks #241 out of 1092 companies in the Business Services industry, placing it in the top 22.1%.
Is Happy Square Outsourcing Services' Current Ratio too high?
Happy Square Outsourcing Services' current Current Ratio of 3.32 is 141% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 3.32. The Business Services industry median Current Ratio is 1.81. Happy Square Outsourcing Services' value of 3.32 is 83.4% above this industry median. Based on the distribution chart, Happy Square Outsourcing Services ranks #241 out of 1092 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Happy Square Outsourcing Services has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Happy Square Outsourcing Services' Current Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #241 out of 1092 companies for Current Ratio. This places Happy Square Outsourcing Services in the top 22% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.81. Happy Square Outsourcing Services' value of 3.32 is 83.4% above this benchmark. Historically, Happy Square Outsourcing Services' own Current Ratio has ranged from 1.25 to 3.32 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 1.81, Happy Square Outsourcing Services has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Business Services company?
The median Current Ratio among Business Services companies is 1.81, based on 1,092 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Square Outsourcing Services's current Current Ratio of 3.32 is 83.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median Current Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current Current Ratio is 3.32, which is 141% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Square Outsourcing Services stock overvalued right now?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a current Current Ratio of 3.32. The current Current Ratio is 3.32, which is 141% above median its 10-year median of 1.38 and 83.4% above the Business Services industry median of 1.81. Happy Square Outsourcing Services' overall GF Score™ is 18/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Current Ratio is 3.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Happy Square Outsourcing Services Business Description
Happy Square Outsourcing Services Ltd is a technology-based consulting firm, involved in tech-based human resource outsourcing business, which focuses on end-to-end solutions. It offers a wide array of services such as Recruitment, Payroll, Onboarding, and flexible staffing. Its comprehensive network, structured processes, professionalism, and work ethics ensure that the company remains at the top on the domestic scale. The company satisfies firms' staffing and recruitment needs in India through its specialized, rich knowledge.
18GF Score
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