Time Finance (LON:TIME) Announces Earnings Results

Time Finance (LON:TIME) posted its quarterly earnings results on Tuesday. The company reported GBX 3.47 EPS for the quarter, Digital Look Earnings reports. Time Finance had a net margin of 13.43% and a return on equity of 6.84%.

Time Finance Trading Down 1.9%

LON:TIME opened at GBX 52 on Tuesday. The firm has a 50 day moving average of GBX 51.16 and a 200 day moving average of GBX 52.74. The company has a quick ratio of 2.26, a current ratio of 1.38 and a debt-to-equity ratio of 2.82. Time Finance has a 52 week low of GBX 43.25 and a 52 week high of GBX 66.89. The stock has a market capitalization of £47.67 million, a price-to-earnings ratio of 8.20 and a beta of 1.69.

Time Finance Company Profile

Time Finance’s purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities.

Time offers a multi-product range for SMEs concentrating on Asset, Loan and Invoice Finance. While focused on being an ‘own-book’ lender, Time does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.

Operating from four locations across the UK – Bath, Birchwood, Manchester and Reading – Time has a lending book of over £200m and helps thousands of UK businesses.

More investor specific information is available on the Company’s investor hub – investors.timefinance.com – with more general information to be found on the Company’s main website: www.timefinance.com.