Time Finance (LSE:TIME) Debt-to-Equity : 0.04 (As of Nov. 2023)

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What is Time Finance Debt-to-Equity?

Time Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £1.49 Mil. Time Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £0.81 Mil. Time Finance's Total Stockholders Equity for the quarter that ended in Nov. 2023 was £63.85 Mil. Time Finance's debt to equity for the quarter that ended in Nov. 2023 was 0.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

LSE:TIME' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.07 Max: 0.13
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Time Finance was 0.13. The lowest was 0.04. And the median was 0.07.

LSE:TIME's Debt-to-Equity is ranked better than
93.72% of 430 companies
in the Credit Services industry
Industry Median: 1.185 vs LSE:TIME: 0.04

Time Finance Debt-to-Equity Historical Data

The historical data trend for Time Finance's Debt-to-Equity 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.

* Premium members only.

Time Finance Debt-to-Equity Chart

Time Finance Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.07

0.05

0.09

0.07

0.06

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
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.07	0.07	0.06	0.04

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

For the Credit Services subindustry, Time Finance's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Credit Services Industry

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

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

Time Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.816	+	1.747)	/	61.675
	=	0.06

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.487	+	0.809)	/	63.851
	=	0.04

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Time Finance Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Time Finance's Debt-to-Equity 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 » Debt-to-Equity

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

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