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

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


View and export this data going back to 1992. Start your Free Trial

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.

* Premium members only.

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

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

* 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.


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

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

No Headlines