Time Finance Balance Sheet Health
Financial Health criteria checks 4/6
Time Finance has a total shareholder equity of £63.9M and total debt of £1.8M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are £192.2M and £128.3M respectively.
Key information
2.9%
Debt to equity ratio
UK£1.83m
Debt
Interest coverage ratio | n/a |
Cash | UK£1.08m |
Equity | UK£63.85m |
Total liabilities | UK£128.34m |
Total assets | UK£192.19m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TIME's short term assets (£162.9M) exceed its short term liabilities (£67.3M).
Long Term Liabilities: TIME's short term assets (£162.9M) exceed its long term liabilities (£61.0M).
Debt to Equity History and Analysis
Debt Level: TIME's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: TIME's debt to equity ratio has reduced from 7.7% to 2.9% over the past 5 years.
Debt Coverage: TIME's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TIME's interest payments on its debt are well covered by EBIT.