Max Financial Services Limited (MFSL) - Total Liabilities

Latest as of March 2026: Rs1.93 Trillion INR ≈ $20.82 Billion USD

Based on the latest financial reports, Max Financial Services Limited (MFSL) has total liabilities worth Rs1.93 Trillion INR (≈ $20.82 Billion USD) as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.

Max Financial Services Limited - Total Liabilities Trend (2004–2026)

This chart illustrates how Max Financial Services Limited's total liabilities have evolved over time, based on quarterly financial data. See Max Financial Services Limited short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.

Max Financial Services Limited Competitors by Total Liabilities

The table below lists competitors of Max Financial Services Limited ranked by their total liabilities.

Company	Country	Total Liabilities
Zhejiang Yinlun Machinery Co Ltd SHE:002126	China	CN¥12.91 Billion
JB Hi-Fi Ltd AU:JBH	Australia	AU$2.26 Billion
TCL Zhonghuan Renewable Energy Technology Co Ltd SHE:002129	China	CN¥77.63 Billion
Elis SA PA:ELIS	France	€5.76 Billion
Jiangsu Pacific Quartz Co Ltd SHG:603688	China	CN¥275.72 Million
Legend Biotech Corp NASDAQ:LEGN	USA	$629.02 Million
Hengdian Group DMEGC Magnetics Co Ltd SHE:002056	China	CN¥14.86 Billion
Hui Lyu Ecological Technology Groups Co Ltd SHE:001267	China	CN¥1.88 Billion

Liability Composition Analysis (2004–2026)

This chart breaks down Max Financial Services Limited's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Max Financial Services Limited (MFSL) market capitalisation.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	N/A	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	N/A	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	36.45	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.97	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how Max Financial Services Limited's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

Annual Total Liabilities for Max Financial Services Limited (2004–2026)

The table below shows the annual total liabilities of Max Financial Services Limited from 2004 to 2026.

Year	Total Liabilities	Change
2026-03-31	Rs1.93 Trillion ≈ $20.82 Billion	+4.86%
2025-03-31	Rs1.84 Trillion ≈ $19.86 Billion	+15.90%
2024-03-31	Rs1.58 Trillion ≈ $17.13 Billion	+23.89%
2023-03-31	Rs1.28 Trillion ≈ $13.83 Billion	+12.88%
2022-03-31	Rs1.13 Trillion ≈ $12.25 Billion	+19.82%
2021-03-31	Rs945.27 Billion ≈ $10.22 Billion	+31.82%
2020-03-31	Rs717.07 Billion ≈ $7.75 Billion	+11.39%
2019-03-31	Rs643.78 Billion ≈ $6.96 Billion	+24.04%
2018-03-31	Rs518.99 Billion ≈ $5.61 Billion	+18.88%
2017-03-31	Rs436.56 Billion ≈ $4.72 Billion	+23.05%
2016-03-31	Rs354.79 Billion ≈ $3.84 Billion	+12.33%
2015-03-31	Rs315.84 Billion ≈ $3.42 Billion	+25.10%
2014-03-31	Rs252.47 Billion ≈ $2.73 Billion	+20.14%
2013-03-31	Rs210.15 Billion ≈ $2.27 Billion	+20.58%
2012-03-31	Rs174.29 Billion ≈ $1.88 Billion	+16.96%
2011-03-31	Rs149.02 Billion ≈ $1.61 Billion	+34.23%
2010-03-31	Rs111.01 Billion ≈ $1.20 Billion	+82.19%
2009-03-31	Rs60.93 Billion ≈ $658.97 Million	+35.64%
2008-03-31	Rs44.92 Billion ≈ $485.81 Million	+77.40%
2007-03-31	Rs25.32 Billion ≈ $273.85 Million	+79.54%
2006-03-31	Rs14.10 Billion ≈ $152.53 Million	+41.30%
2005-03-31	Rs9.98 Billion ≈ $107.95 Million	+226.32%
2004-03-31	Rs3.06 Billion ≈ $33.08 Million	--

About Max Financial Services Limited

NSE:MFSL India Insurance - Life

Market Cap

$6.06 Billion

Rs560.71 Billion INR

Market Cap Rank

#3215 Global

#142 in India

Share Price

Rs1632.60

Change (1 day)

+3.39%

52-Week Range

Rs1464.20 - Rs1870.00

All Time High

Rs1870.00