Max Financial Services (BOM:500271) Cash per Share : ₹24.87 (As of Mar. 2024)

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What is Max Financial Services Cash per Share?

Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents divided by Shares Outstanding (EOP). Max Financial Services's Cash per Share for the quarter that ended in Mar. 2024 was ₹24.87.

Max Financial Services Cash per Share Historical Data

The historical data trend for Max Financial Services's Cash per Share 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 Cash per Share Chart

Max Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash per Share

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28.46

20.74

22.14

35.52

24.87

Max Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash per Share	Get a 7-Day Free Trial															35.52	-	23.60	-	24.87

Max Financial Services Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Max Financial Services's Cash per Share for the fiscal year that ended in Mar. 2024 is calculated as:

Cash per Share	=	Balance Sheet Cash And Cash Equivalents	/	Shares Outstanding (EOP)
	=	8581.2	/	345
	=	24.86

Max Financial Services's Cash per Share for the quarter that ended in Mar. 2024 is calculated as:

Cash per Share	=	Balance Sheet Cash And Cash Equivalents	/	Shares Outstanding (EOP)
	=	8581.2	/	345
	=	24.86

Max Financial Services (BOM:500271) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Max Financial Services Cash per Share Related Terms

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Max Financial Services (BOM:500271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Max Financial Services Ltd (BOM:500271) » Definitions » Cash per Share

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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 earns the majority of revenue from Life Insurance segment.

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