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Happiest Minds Technologies (NSE:HAPPSTMNDS) Effective Interest Rate on Debt % : 7.95% (As of Mar. 2025)


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What is Happiest Minds Technologies Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Happiest Minds Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ₹989 Mil. Happiest Minds Technologies's average total debt for the quarter that ended in Mar. 2025 was ₹12,436 Mil. Therefore, Happiest Minds Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 7.95%.


Happiest Minds Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Happiest Minds Technologies's Effective Interest Rate on 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.

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Happiest Minds Technologies Effective Interest Rate on Debt % Chart

Happiest Minds Technologies Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.05 3.75 5.58 8.08 11.33

Happiest Minds Technologies Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.07 15.49 8.91 8.57 7.95

Competitive Comparison of Happiest Minds Technologies's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Happiest Minds Technologies's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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 Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Happiest Minds Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Happiest Minds Technologies's Effective Interest Rate on Debt % falls into.


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Happiest Minds Technologies Effective Interest Rate on Debt % Calculation

Happiest Minds Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2024 )+Total Debt  (A: Mar. 2025 ))/ count )
=-1  *  -994.8/( (5121.9+12435.9)/ 2 )
=-1  *  -994.8/8778.9
=11.33 %

where

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1501.5 + 3620.4
=5121.9

Total Debt  (A: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3854.7 + 8581.2
=12435.9

Happiest Minds Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -989.2/( (0+12435.9)/ 1 )
=-1  *  -989.2/12435.9
=7.95 %

where

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3854.7 + 8581.2
=12435.9

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Happiest Minds Technologies  (NSE:HAPPSTMNDS) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Happiest Minds Technologies Effective Interest Rate on Debt % Related Terms

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Happiest Minds Technologies Business Description

Traded in Other Exchanges
Address
No 53/1-4, Hosur Main Road, Madivala (Next To Madivala Police Station), Bengaluru, KA, IND, 560068
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 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. Geographically, the company generates its key revenue from the United States of America.

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