What is Happy Square Outsourcing Services Quick Ratio?
Happy Square Outsourcing ServicesNSE:WHITEFORCE 18 Quick 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 79.95% on this metric.
NSE:WHITEFORCE'
s Quick 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 Quick Ratio was 3.32. The lowest was 1.25. And the median was 1.38.
NSE:WHITEFORCE's Quick Ratio is ranked better than 79.95% of 1092
companies
in the Business Services industry
Industry Median: 1.67
vs NSE:WHITEFORCE: 3.32
Happy Square Outsourcing Services (NSE:WHITEFORCE) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Happy Square Outsourcing Services Quick Ratio Related Terms
Happy Square Outsourcing Services Quick 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 Quick Ratio Chart
Happy Square Outsourcing Services Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Quick Ratio
1.25
1.29
1.47
3.32
Happy Square Outsourcing Services Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Quick Ratio
1.25
1.29
1.47
3.32
NSE:WHITEFORCE vs KFY, RHI, TNET: Quick Ratio Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services's Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing Services's Quick Ratio falls into.
Happy Square Outsourcing Services Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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 Quick Ratio of 3.32 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Happy Square Outsourcing Services and its competitors. This is 141% above median its historical median of 1.38. Over the past decade, Happy Square Outsourcing Services' Quick Ratio has ranged from 1.25 to 3.32. According to the industry distribution chart, Happy Square Outsourcing Services ranks #219 out of 1092 companies in the Business Services industry, placing it in the top 20.1%.
Is Happy Square Outsourcing Services' Quick Ratio too high?
Happy Square Outsourcing Services' current Quick 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 Quick Ratio is 1.67. Happy Square Outsourcing Services' value of 3.32 is 98.8% above this industry median. Based on the distribution chart, Happy Square Outsourcing Services ranks #219 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' Quick Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #219 out of 1092 companies for Quick Ratio. This places Happy Square Outsourcing Services in the top 20% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.67. Happy Square Outsourcing Services' value of 3.32 is 98.8% above this benchmark. Historically, Happy Square Outsourcing Services' own Quick 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 1.67, 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 Quick Ratio for a Business Services company?
The median Quick Ratio among Business Services companies is 1.67, based on 1,092 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Square Outsourcing Services's current Quick Ratio of 3.32 is 98.8% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Happy Square Outsourcing Services and its competitors. For the Business Services industry, the median Quick Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current Quick 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 Quick Ratio of 3.32. The current Quick Ratio is 3.32, which is 141% above median its 10-year median of 1.38 and 98.8% above the Business Services industry median of 1.67. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Quick 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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