Max Financial Services (BOM:500271) Cash-to-Debt : N/A (As of Dec. 2023)

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

What is Max Financial Services Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Max Financial Services's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

BOM:500271' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 1.49 Max: No Debt
Current: 1.01

During the past 13 years, Max Financial Services's highest Cash to Debt Ratio was No Debt. The lowest was 0.47. And the median was 1.49.

BOM:500271's Cash-to-Debt is ranked worse than
62.19% of 484 companies
in the Insurance industry
Industry Median: 1.86 vs BOM:500271: 1.01

Max Financial Services Cash-to-Debt Historical Data

The historical data trend for Max Financial Services's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Max Financial Services Cash-to-Debt Chart

Max Financial Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

167.37

2.36

2.49

0.98

1.49

Max Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.49	N/A	1.01	N/A

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

For the Insurance - Life subindustry, Max Financial Services's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution in the Insurance Industry

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

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

Max Financial Services Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Max Financial Services's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	12259	/	(0	+	8211.8)
	=	1.49

Max Financial Services's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

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

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Max Financial Services Cash-to-Debt Related Terms

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

Max Financial Services (BOM:500271) Business Description

Industry

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

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 earns the majority of revenue from Life Insurance segment.

Max Financial Services (BOM:500271) Headlines

No Headlines