Time Finance (LSE:TIME) LT-Debt-to-Total-Asset : 0.00 (As of Nov. 2023)

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What is Time Finance LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Time Finance's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.00.

Time Finance's long-term debt to total assets ratio declined from Nov. 2022 (0.01) to Nov. 2023 (0.00). It may suggest that Time Finance is progressively becoming less dependent on debt to grow their business.

Time Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Time Finance's LT-Debt-to-Total-Asset 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.

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Time Finance LT-Debt-to-Total-Asset Chart

Time Finance Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	-

Time Finance LT-Debt-to-Total-Asset Calculation

Time Finance's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	1.747	/	183.69
	=	0.01

Time Finance's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	0.809	/	192.187
	=	0.00

Time Finance (LSE:TIME) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Time Finance LT-Debt-to-Total-Asset Related Terms

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Time Finance (LSE:TIME) Business Description

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

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Traded in Other Exchanges

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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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