Time Finance (LSE:TIME) Cash-to-Debt : 0.47 (As of Nov. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Time Finance Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Time Finance's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.47.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Time Finance couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for Time Finance's Cash-to-Debt or its related term are showing as below:

LSE:TIME' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.64 Max: No Debt
Current: 0.47

During the past 13 years, Time Finance's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.64.

LSE:TIME's Cash-to-Debt is ranked better than
58.02% of 505 companies
in the Credit Services industry
Industry Median: 0.22 vs LSE:TIME: 0.47

Time Finance Cash-to-Debt Historical Data

The historical data trend for Time Finance's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Time Finance Cash-to-Debt Chart

Time Finance Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

Get a 7-Day Free Trial

0.49

0.46

1.52

0.75

1.06

Time Finance Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															1.20	0.75	0.94	1.06	0.47

Competitive Comparison of Time Finance's Cash-to-Debt

For the Credit Services subindustry, Time Finance's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Time Finance's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Time Finance's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Time Finance's Cash-to-Debt falls into.

Time Finance Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Time Finance's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3.772	/	(1.816	+	1.747)
	=	1.06

Time Finance's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1.075	/	(1.487	+	0.809)
	=	0.47

Time Finance (LSE:TIME) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Time Finance Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Time Finance's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Time Finance (LSE:TIME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Time Finance PLC (LSE:TIME) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Square, Lower Bristol Road, St James House, Bath, GBR, BA2 3BH

Website

https://www.timefinance.com

Time Finance PLC is a part of the financial services domain in the United Kingdom. The company's principal business involves the provision of financial services to SMEs (small and medium sized enterprises) in the United Kingdom. The company operates in Asset Finance, Vehicle Finance, Loan Finance, and Invoice Finance. It generates most of the revenue from the Asset Finance division.

Time Finance (LSE:TIME) Headlines

From GuruFocus

Time to Cut 4% of Its Workforce in Restructuring

By Sydnee Gatewood Sydnee Gatewood • 06-14-2017

This Stock Has the Secret Qualities Gurus Look For, But Should You Buy It?

By Magic Diligence Magic Diligence • 06-14-2014

David Einhorn's Three Favorite High Yield Dividend Stocks

By Ben Reynolds Ben Reynolds • 06-25-2015

John Keeley's Top Buys

By Amber Harris Amber Harris • 02-13-2015

Michael Price's Top Picks of 1st Quarter

By Yamil Berard Yamil Berard • 05-15-2018

Should You Buy The TIME Inc. Spin-Off?

By Ryan Vanzo R. Vanzo • 05-05-2015