Happy Square Outsourcing ServicesNSE:WHITEFORCE 18 Interest Coverage is 6.74 as of Mar. 2026, which is 19% below its 10-year median of 8.33. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 812 Business Services companies, Happy Square Outsourcing Services ranks worse than 62.32% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Happy Square Outsourcing Services's
Operating Income
for the
six
months ended in Mar. 2026 was ₹64 Mil. Happy Square Outsourcing Services's Interest Expense for the
six
months ended in Mar. 2026 was ₹-9 Mil.
Happy Square Outsourcing Services's interest coverage for the quarter that ended in Mar. 2026 was 6.74.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Happy Square Outsourcing Services's Interest Coverage or its related term are showing as below:
NSE:WHITEFORCE'
s Interest Coverage Range Over the Past 10 Years
Min: 6.74 Med: 8.33 Max: 10.42
Current: 6.74
NSE:WHITEFORCE's Interest Coverage is ranked worse than 62.32% of 812
companies
in the Business Services industry
Industry Median: 12.98
vs NSE:WHITEFORCE: 6.74
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Happy Square Outsourcing Services Interest Coverage Related Terms
Happy Square Outsourcing Services Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Happy Square Outsourcing Services Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Interest Coverage
8.97
10.42
7.68
6.74
NSE:WHITEFORCE vs KFY, RHI, TNET: Interest Coverage Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing Services's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 6.74 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Happy Square Outsourcing Services and its competitors. This is 19% below median its historical median of 8.33. Over the past decade, Happy Square Outsourcing Services' Interest Coverage has ranged from 6.74 to 10.42. According to the industry distribution chart, Happy Square Outsourcing Services ranks #506 out of 812 companies in the Business Services industry, placing it in the top 62.3%.
Is Happy Square Outsourcing Services' Interest Coverage too high?
Happy Square Outsourcing Services' current Interest Coverage of 6.74 is 19% below median its 10-year median of 8.33. Over the past 10 years, this metric has ranged from a low of 6.74 to a high of 10.42. The Business Services industry median Interest Coverage is 12.98. Happy Square Outsourcing Services' value of 6.74 is 48.1% below this industry median. Based on the distribution chart, Happy Square Outsourcing Services ranks #506 out of 812 companies in the Business Services industry, which is below 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' Interest Coverage compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #506 out of 812 companies for Interest Coverage. This places Happy Square Outsourcing Services in the lower half of its industry. The industry median Interest Coverage is 12.98. Happy Square Outsourcing Services' value of 6.74 is 48.1% below this benchmark. Historically, Happy Square Outsourcing Services' own Interest Coverage has ranged from 6.74 to 10.42 over the past decade. While the company's 10-year median is 8.33 vs. the industry median of 12.98, Happy Square Outsourcing Services has consistently been below 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 Interest Coverage for a Business Services company?
The median Interest Coverage among Business Services companies is 12.98, based on 812 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Square Outsourcing Services's current Interest Coverage of 6.74 is 48.1% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Happy Square Outsourcing Services and its competitors. For the Business Services industry, the median Interest Coverage is 12.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current Interest Coverage is 6.74, which is 19% below median its own 10-year median of 8.33. 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 Interest Coverage of 6.74. The current Interest Coverage is 6.74, which is 19% below median its 10-year median of 8.33 and 48.1% below the Business Services industry median of 12.98. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Interest Coverage is 6.74 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
Get the complete analysis for NSE:WHITEFORCE
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:WHITEFORCE has been successfully added to your 