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Happy Square Outsourcing ServicesNSE:WHITEFORCE 18 Equity-to-Asset is 0.69 as of Mar. 2026, which is 156% above its 10-year median of 0.27. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 1,101 Business Services companies, Happy Square Outsourcing Services ranks better than 73.12% on this metric.
The historical rank and industry rank for Happy Square Outsourcing Services's Equity-to-Asset or its related term are showing as below:
NSE:WHITEFORCE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.27 Max: 0.69
Current: 0.69
During the past 4 years, the highest Equity to Asset Ratio of Happy Square Outsourcing Services was 0.69. The lowest was 0.15. And the median was 0.27.
NSE:WHITEFORCE's Equity-to-Asset is ranked better than 73.12% of 1101
companies
in the Business Services industry
Industry Median: 0.52
vs NSE:WHITEFORCE: 0.69
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%.
Happy Square Outsourcing Services Equity-to-Asset Related Terms
Happy Square Outsourcing Services Equity-to-Asset 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.
NSE:WHITEFORCE vs KFY, RHI, TNET: Equity-to-Asset Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services'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.
Happy Square Outsourcing Services Equity-to-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing Services's Equity-to-Asset falls into.
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.
* 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 Equity-to-Asset of 0.69 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Happy Square Outsourcing Services and its competitors. This is 156% above median its historical median of 0.27. Over the past decade, Happy Square Outsourcing Services' Equity-to-Asset has ranged from 0.15 to 0.69. According to the industry distribution chart, Happy Square Outsourcing Services ranks #296 out of 1101 companies in the Business Services industry, placing it in the top 26.9%.
Is Happy Square Outsourcing Services' Equity-to-Asset too high?
Happy Square Outsourcing Services' current Equity-to-Asset of 0.69 is 156% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.69. The Business Services industry median Equity-to-Asset is 0.52. Happy Square Outsourcing Services' value of 0.69 is 32.7% above this industry median. Based on the distribution chart, Happy Square Outsourcing Services ranks #296 out of 1101 companies in the Business Services industry, which is above the industry midpoint. 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' Equity-to-Asset compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #296 out of 1101 companies for Equity-to-Asset. This puts Happy Square Outsourcing Services in the upper half of its industry. The industry median Equity-to-Asset is 0.52. Happy Square Outsourcing Services' value of 0.69 is 32.7% above this benchmark. Historically, Happy Square Outsourcing Services' own Equity-to-Asset has ranged from 0.15 to 0.69 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.52, 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 Equity-to-Asset for a Business Services company?
The median Equity-to-Asset among Business Services companies is 0.52, based on 1,101 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Square Outsourcing Services's current Equity-to-Asset of 0.69 is 32.7% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Happy Square Outsourcing Services and its competitors. For the Business Services industry, the median Equity-to-Asset is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current Equity-to-Asset is 0.69, which is 156% above median its own 10-year median of 0.27. 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 Equity-to-Asset of 0.69. The current Equity-to-Asset is 0.69, which is 156% above median its 10-year median of 0.27 and 32.7% above the Business Services industry median of 0.52. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Equity-to-Asset is 0.69 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 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.
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