MakeMyTrip (MMYT) Debt Ratio (2010 - 2026)

MakeMyTrip (MMYT) recorded quarterly Debt Ratio of 0.8 in Q1 2026, up 26.09% quarter-over-quarter from 0.63 in Q4 2025, and up 517.82% on a YoY basis from 0.13 in Q1 2025.

MakeMyTrip (MMYT) Debt Ratio (2010 - 2026) Analysis & Trends

MakeMyTrip's Debt Ratio history runs 17 years deep, the most recent figure standing at 0.8 for Q1 2026.

  • In Q1 2026, Debt Ratio rose 517.82% year-over-year to 0.8; the TTM figure through Mar 2026 stood at 0.8 (up 517.82% YoY), while the FY2026 annual figure was 0.8, up 517.82% from the prior year.
  • Debt Ratio was 0.8 for Q1 2026 at MakeMyTrip, up from 0.63 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.8 in Q1 2026 to a low of 0.13 in Q4 2024.
  • Historically, Debt Ratio has averaged 0.27 across 5 years, with a median of 0.17 in 2022.
  • The sharpest annual moves came in 2025 and 2026: Debt Ratio plunged 50.58% in 2025, then jumped 517.82% in 2026.
  • A 5-year view of Debt Ratio shows it stood at 0.17 in 2022, then declined by 10.63% to 0.15 in 2023, then decreased by 17.96% to 0.13 in 2024, then jumped by 406.02% to 0.63 in 2025, then climbed by 26.09% to 0.8 in 2026.
  • The last three Debt Ratio figures came in at 0.8 (Q1 2026), 0.63 (Q4 2025), and 0.62 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 0.66
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 0.09
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 0.47
4 Carnival 37.80 Bn 36.39 Bn - 0.49
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 0.17
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 0.64
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.30
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 0.12
10 MakeMyTrip 2.12 Bn 1.35 Bn - 0.80

Historic Data

Download Data
DateValue
Mar 31, 2026 0.80
Dec 31, 2025 0.63
Sep 30, 2025 0.62
Jun 30, 2025 0.23
Mar 31, 2025 0.13
Dec 31, 2024 0.13
Sep 30, 2024 0.13
Jun 30, 2024 0.13
Mar 31, 2024 0.26
Dec 31, 2023 0.15
Sep 30, 2023 0.16
Jun 30, 2023 0.16
Mar 31, 2023 0.17
Dec 31, 2022 0.17
Sep 30, 2022 0.17
Jun 30, 2022 0.17
Mar 31, 2022 0.32
Dec 31, 2021 0.16
Sep 30, 2021 0.16
Jun 30, 2021 0.16