Thermax Limited
Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, w… Read more
Thermax Limited (THERMAX) - Total Liabilities
Latest total liabilities as of September 2025: ₹71.28 Billion INR
Based on the latest financial reports, Thermax Limited (THERMAX) has total liabilities worth ₹71.28 Billion INR as of September 2025.
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.
Thermax Limited - Total Liabilities Trend (2005–2025)
This chart illustrates how Thermax Limited's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Thermax Limited Competitors by Total Liabilities
The table below lists competitors of Thermax Limited ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
RTL Group S.A
PINK:RGLXF
|
USA | $4.99 Billion |
|
Batisoke Soke Cimento Sanayi TAS
IS:BSOKE
|
Turkey | TL3.94 Billion |
|
Guangdong Rongtai Industry Co Ltd
SHG:600589
|
China | CN¥2.31 Billion |
|
Toei Animation Co.Ltd
OTCGREY:TOEAF
|
USA | $34.57 Billion |
|
Hoshizaki Corporation
PINK:HSHZY
|
USA | $172.97 Billion |
|
Quidel Corporation
NASDAQ:QDEL
|
USA | $3.85 Billion |
Liability Composition Analysis (2005–2025)
This chart breaks down Thermax 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.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 1.33 | 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 | 0.24 | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 1.41 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.58 | 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 Thermax Limited's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Thermax Limited (2005–2025)
The table below shows the annual total liabilities of Thermax Limited from 2005 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-03-31 | ₹70.95 Billion | +24.19% |
| 2024-03-31 | ₹57.13 Billion | +14.99% |
| 2023-03-31 | ₹49.68 Billion | +25.19% |
| 2022-03-31 | ₹39.69 Billion | +21.91% |
| 2021-03-31 | ₹32.55 Billion | +11.18% |
| 2020-03-31 | ₹29.28 Billion | -22.66% |
| 2019-03-31 | ₹37.86 Billion | +17.19% |
| 2018-03-31 | ₹32.30 Billion | +28.11% |
| 2017-03-31 | ₹25.21 Billion | -33.31% |
| 2016-03-31 | ₹37.81 Billion | +4.92% |
| 2015-03-31 | ₹36.04 Billion | -4.26% |
| 2014-03-31 | ₹37.64 Billion | +25.11% |
| 2013-03-31 | ₹30.09 Billion | +2.61% |
| 2012-03-31 | ₹29.32 Billion | +7.75% |
| 2011-03-31 | ₹27.21 Billion | +18.75% |
| 2010-03-31 | ₹22.91 Billion | +62.16% |
| 2009-03-31 | ₹14.13 Billion | +9.53% |
| 2008-03-31 | ₹12.90 Billion | +7.50% |
| 2007-03-31 | ₹12.00 Billion | +75.76% |
| 2006-03-31 | ₹6.83 Billion | +25.55% |
| 2005-03-31 | ₹5.44 Billion | -- |