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
Not Many Are Piling Into Max Financial Services Limited (NSE:MFSL) Just Yet
Apr 01
Max Financial Services Limited's (NSE:MFSL) Business Is Trailing The Market But Its Shares Aren't
Dec 21We Ran A Stock Scan For Earnings Growth And Max Financial Services (NSE:MFSL) Passed With Ease
Nov 09Is Now The Time To Put Max Financial Services (NSE:MFSL) On Your Watchlist?
Jul 14Some Analysts Just Cut Their Max Financial Services Limited (NSE:MFSL) Estimates
Aug 03I Ran A Stock Scan For Earnings Growth And Max Financial Services (NSE:MFSL) Passed With Ease
Jun 10What Kind Of Shareholders Hold The Majority In Max Financial Services Limited's (NSE:MFSL) Shares?
Mar 17MD & Director Mohit Talwar Just Sold A Bunch Of Shares In Max Financial Services Limited (NSE:MFSL)
Dec 26
Update: Max Financial Services (NSE:MFSL) Stock Gained 30% In The Last Five Years
Dec 06Financial Position Analysis
Short Term Liabilities: MFSL's short term assets (₹7.1B) do not cover its short term liabilities (₹12.1B).
Long Term Liabilities: MFSL's short term assets (₹7.1B) do not cover its long term liabilities (₹1,373.9B).
Debt to Equity History and Analysis
Debt Level: MFSL's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: MFSL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MFSL's debt is well covered by operating cash flow (986.3%).
Interest Coverage: MFSL's interest payments on its debt are well covered by EBIT (8.4x coverage).