Time Finance (LON:TIME) Posts Earnings Results

Time Finance (LON:TIME) released its earnings results on Thursday. The company reported GBX 6.76 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 3,849 million for the quarter. Time Finance had a return on equity of 8.28% and a net margin of 16.11%.

Time Finance Price Performance

LON TIME opened at GBX 58.20 on Friday. The firm has a market capitalization of £53.36 million, a price-to-earnings ratio of 8.86 and a beta of 0.89. The company has a 50 day simple moving average of GBX 57.96 and a 200-day simple moving average of GBX 50.64. Time Finance has a 52-week low of GBX 40.11 and a 52-week high of GBX 60. The company has a debt-to-equity ratio of 1.76, a current ratio of 327.47 and a quick ratio of 2.26.

About Time Finance

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.