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. Also explore MFSL net asset momentum to track the company's year-over-year net asset growth rate.

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 MFSL FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

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
KBC Ancora BR:KBCA	Belgium	€100.55 Million
Taiwan Business Bank TW:2834	Taiwan	NT$2.36 Trillion
PACS Group, Inc. NYSE:PACS	USA	$4.62 Billion
NewMarket Corporation NYSE:NEU	USA	$1.71 Billion
United Bankshares Inc NASDAQ:UBSI	USA	$28.16 Billion
H&R Block Inc NYSE:HRB	USA	$3.17 Billion
Sundaram Finance Limited NSE:SUNDARMFIN	India	Rs670.87 Billion
Bank of Suzhou SHE:002966	China	CN¥794.30 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 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

$5.57 Billion

Rs514.83 Billion INR

Market Cap Rank

#3298 Global

#145 in India

Share Price

Rs1499.00

Change (1 day)

-0.78%

52-Week Range

Rs1464.20 - Rs1870.00

All Time High

Rs1870.00