Factuary

ManipalCigna Health Insurance Debt To Equity Ratio

0.25×
Q1 FY26-27
Lower is better

ManipalCigna Health Insurance's debt to equity ratio was 0.25× for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.

What this measures

Total borrowings (debt) as a multiple of Net Worth (equity). Measures financial leverage. A higher ratio means the insurer has taken on more debt relative to its capital base, increasing financial risk. Most well-capitalised insurers carry low D/E ratios.

Note: NL-20 analytical ratios. A ratio of 0 means no borrowings. Insurance regulation limits leverage, so high D/E is uncommon for licensed Indian insurers.

Historical Data

PeriodValueSource formData as of
Q1 FY26-270.25 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q4 FY25-260.28 ×NL-20-ANALYTICAL-RATIOS2026-10-31
Q3 FY25-260.36 ×NL-20-ANALYTICAL-RATIOS2026-10-28
Q2 FY25-260.37 ×NL-20-ANALYTICAL-RATIOS2026-10-28
Q1 FY25-260.37 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q4 FY24-250.46 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q3 FY24-250.05 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q2 FY24-250.05 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q1 FY24-250.05 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q4 FY23-240.05 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q3 FY23-240.06 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q2 FY23-240.06 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q1 FY23-240.30 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q4 FY22-230.34 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q3 FY21-220.08 ×NL-20-ANALYTICAL-RATIOS2026-10-25
Q2 FY21-220.08 ×NL-20-ANALYTICAL-RATIOS2026-10-25

Provenance

Reported by
ManipalCigna Health Insurance
Regulatory form
NL-20-ANALYTICAL-RATIOS · what this form contains
Reporting period
Q1 FY26-27
Source document
07769dc0-e6ad-701d-f5b8-7716ee328184.pdf · ManipalCigna Health Insurance's disclosure page
Extracted by
irw_adapter v1
Last verified
2026-10-25
Note
NL-20 row-format label match: debt_equity_ratio
← All metrics for ManipalCigna Health Insurancedebt to equity ratio across all insurers →Source documents