Max Financial Services (BOM:500271) Debt-to-Equity : 0.10 (As of Sep. 2024)

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What is Max Financial Services Debt-to-Equity?

Max Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹0 Mil. Max Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹5,035 Mil. Max Financial Services's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹51,689 Mil. Max Financial Services's debt to equity for the quarter that ended in Sep. 2024 was 0.10.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Max Financial Services's Debt-to-Equity or its related term are showing as below:

BOM:500271' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.17 Max: 0.24
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Max Financial Services was 0.24. The lowest was 0.00. And the median was 0.17.

BOM:500271's Debt-to-Equity is ranked better than
67.18% of 390 companies
in the Insurance industry
Industry Median: 0.2 vs BOM:500271: 0.10

Max Financial Services Debt-to-Equity Historical Data

The historical data trend for Max Financial Services's Debt-to-Equity can be seen below:

* 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.

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Max Financial Services Debt-to-Equity Chart

Max Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.15

0.09

0.20

0.24

0.22

Max Financial Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.22	N/A	0.22	N/A	0.10

Competitive Comparison of Max Financial Services's Debt-to-Equity

For the Insurance - Life subindustry, Max Financial Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Max Financial Services's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Max Financial Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Max Financial Services's Debt-to-Equity falls into.

Max Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Max Financial Services's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	8438.522)	/	38659.257
	=	0.22

Max Financial Services's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5035)	/	51688.8
	=	0.10

Max Financial Services (BOM:500271) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Max Financial Services Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Max Financial Services's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Max Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Max Financial Services Ltd (BOM:500271) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MFSL:India

Address

L20M, Plot No. C-001/A/1, Sector 16B, Max Towers, Noida, UP, IND, 201301

Website

https://www.maxfinancialservices.com

Max Financial Services Ltd is a non-bank private life insurance company. Max Group entities are Max Life Insurance Company, Max India, and Max Venture & Industries. Max Life Insurance Company is co-owned by Max Financial Services and Mitsui Sumitomo Insurance, a Japanese life insurance company. Max India offers healthcare and health insurance. The Max-Ventures and Industries division is an entrepreneurial division that helps the government with economic and commercial efforts. The company's operating segment involves Business Investment and Life Insurance. It generates majority of revenue from Life Insurance segment.

Max Financial Services Headlines

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