Max Financial Services Balance Sheet Health
Financial Health criteria checks 4/6
Max Financial Services has a total shareholder equity of ₹42.4B and total debt of ₹8.1B, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are ₹1,428.4B and ₹1,386.0B respectively. Max Financial Services's EBIT is ₹6.2B making its interest coverage ratio 8.4. It has cash and short-term investments of ₹7.0B.
Key information
19.1%
Debt to equity ratio
₹8.09b
Debt
Interest coverage ratio | 8.4x |
Cash | ₹7.03b |
Equity | ₹42.39b |
Total liabilities | ₹1.39t |
Total assets | ₹1.43t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500271's short term assets (₹7.1B) do not cover its short term liabilities (₹12.1B).
Long Term Liabilities: 500271's short term assets (₹7.1B) do not cover its long term liabilities (₹1,373.9B).
Debt to Equity History and Analysis
Debt Level: 500271's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: 500271 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 500271's debt is well covered by operating cash flow (986.3%).
Interest Coverage: 500271's interest payments on its debt are well covered by EBIT (8.4x coverage).