Max Financial Services Limited (MFSL) — Cash Flow-to-Debt Ratio
Max Financial Services Limited (MFSL) has a Cash Flow-to-Debt Ratio of 0.01x as of September 2025, meaning its operating cash flow of Rs16.90 Billion could theoretically repay 0% of its total liabilities (Rs1.90 Trillion) in one year. See Max Financial Services 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 Financial Services Limited Cash Flow-to-Debt Ratio (2004–2026)
Historical debt coverage capacity for Max Financial Services Limited across 23 annual periods. For the full cash flow conversion analysis, see MFSL cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Max Financial Services Limited (2004–2026)
Year-by-year debt coverage analysis for Max Financial Services Limited. Check Max Financial Services Limited cash 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 | 0.06x | Rs114.73 Billion | Rs1.93 Trillion | ▲ +31.0% |
| 2025 | 0.05x | Rs83.52 Billion | Rs1.84 Trillion | ▲ +18.0% |
| 2024 | 0.04x | Rs61.07 Billion | Rs1.58 Trillion | ▼ -50.3% |
| 2023 | 0.08x | Rs99.22 Billion | Rs1.28 Trillion | ▲ +3.5% |
| 2022 | 0.08x | Rs84.96 Billion | Rs1.13 Trillion | ▼ -17.8% |
| 2021 | 0.09x | Rs86.21 Billion | Rs945.27 Billion | ▼ -30.9% |
| 2020 | 0.13x | Rs94.68 Billion | Rs717.07 Billion | ▼ -3.7% |
| 2019 | 0.14x | Rs88.26 Billion | Rs643.78 Billion | ▲ +2.4% |
| 2018 | 0.13x | Rs69.51 Billion | Rs518.99 Billion | ▲ +37.1% |
| 2017 | 0.10x | Rs42.66 Billion | Rs436.56 Billion | ▼ -8.8% |
| 2016 | 0.11x | Rs38.02 Billion | Rs354.79 Billion | ▲ +31.2% |
| 2015 | 0.08x | Rs25.79 Billion | Rs315.84 Billion | ▼ -5.3% |
| 2014 | 0.09x | Rs21.78 Billion | Rs252.47 Billion | ▼ -6.6% |
| 2013 | 0.09x | Rs19.41 Billion | Rs210.15 Billion | ▼ -43.6% |
| 2012 | 0.16x | Rs28.54 Billion | Rs174.29 Billion | ▼ -9.0% |
| 2011 | 0.18x | Rs26.81 Billion | Rs149.02 Billion | ▼ -19.0% |
| 2010 | 0.22x | Rs24.67 Billion | Rs111.01 Billion | ▼ -11.2% |
| 2009 | 0.25x | Rs15.24 Billion | Rs60.93 Billion | ▼ -19.8% |
| 2008 | 0.31x | Rs14.00 Billion | Rs44.92 Billion | ▲ +19.2% |
| 2007 | 0.26x | Rs6.62 Billion | Rs25.32 Billion | ▲ +46.4% |
| 2006 | 0.18x | Rs2.52 Billion | Rs14.10 Billion | ▲ +235.8% |
| 2005 | 0.05x | Rs530.62 Million | Rs9.98 Billion | ▼ -39.2% |
| 2004 | 0.09x | Rs267.30 Million | Rs3.06 Billion | — |