Max India Limited (MAXIND) — Cash Flow-to-Debt Ratio
Max India Limited (MAXIND) has a Cash Flow-to-Debt Ratio of -0.12x as of September 2025, meaning its operating cash flow of Rs-457.80 Million could theoretically repay 0% of its total liabilities (Rs3.71 Billion) in one year. See Max India Limited leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Max India Limited Cash Flow-to-Debt Ratio (2016–2026)
Historical debt coverage capacity for Max India Limited across 11 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Max India Limited.
Annual Cash Flow-to-Debt Ratio for Max India Limited (2016–2026)
Year-by-year debt coverage analysis for Max India Limited. Check how high is Max India Limited's earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (INR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2026 | -0.32x | Rs-846.60 Million | Rs2.61 Billion | ▲ +20.3% |
| 2025 | -0.41x | Rs-1.12 Billion | Rs2.74 Billion | ▲ +23.7% |
| 2024 | -0.53x | Rs-1.02 Billion | Rs1.92 Billion | ▼ -262.3% |
| 2023 | 0.33x | Rs694.10 Million | Rs2.11 Billion | ▲ +7.2% |
| 2022 | 0.31x | Rs664.96 Million | Rs2.17 Billion | ▲ +45.3% |
| 2021 | 0.21x | Rs726.67 Million | Rs3.44 Billion | ▲ +92.2% |
| 2020 | 0.11x | Rs349.37 Million | Rs3.18 Billion | ▲ +4649.1% |
| 2019 | 0.00x | Rs-25.39 Million | Rs10.52 Billion | ▼ -107.2% |
| 2018 | 0.03x | Rs311.08 Million | Rs9.29 Billion | ▼ -57.9% |
| 2017 | 0.08x | Rs778.25 Million | Rs9.77 Billion | ▲ +660.4% |
| 2016 | -0.01x | Rs-175.66 Million | Rs12.36 Billion | — |