Time Finance (LSE:TIME) Interest Coverage : 131.90 (As of Nov. 2023)

Time Finance Interest Coverage Chart

Time Finance Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Interest Coverage		Get a 7-Day Free Trial					37.83	16.13	10.74	13.13	28.29

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
Interest Coverage	Get a 7-Day Free Trial															14.14	12.53	27.53	29.05	131.90

Competitive Comparison of Time Finance's Interest Coverage

For the Credit Services subindustry, Time Finance's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Time Finance's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Time Finance's Interest Coverage falls into.

Time Finance Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Time Finance's Interest Coverage for the fiscal year that ended in May. 2023 is calculated as

Here, for the fiscal year that ended in May. 2023, Time Finance's Interest Expense was £-0.15 Mil. Its Operating Income was £4.30 Mil. And its Long-Term Debt & Capital Lease Obligation was £1.75 Mil.

Time Finance's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Here, for the six months ended in Nov. 2023, Time Finance's Interest Expense was £-0.02 Mil. Its Operating Income was £2.77 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.81 Mil.

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Time Finance  (LSE:TIME) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Time Finance Interest Coverage Related Terms

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Time Finance (LSE:TIME) Business Description