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Prospect Capital (Prospect Capital) Net Interest Margin (Bank Only) %

: 14,221.20% (As of Dec. 2023)
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Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Prospect Capital's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $632.49 Mil. Prospect Capital's average earning assets for the quarter that ended in Dec. 2023 was $4.45 Mil. Therefore, Prospect Capital's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 14,221.20%.


Prospect Capital Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Prospect Capital's Net Interest Margin (Bank Only) % 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.

* Premium members only.

Prospect Capital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net Interest Margin (Bank Only) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 11,438.34 13,446.79

Prospect Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Interest Margin (Bank Only) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 14,757.50 13,522.91 13,673.21 14,221.20

Competitive Comparison

For the Asset Management subindustry, Prospect Capital's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % 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.


Prospect Capital Net Interest Margin (Bank Only) % Distribution

For the Asset Management industry and Financial Services sector, Prospect Capital's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Prospect Capital's Net Interest Margin (Bank Only) % falls into.



Prospect Capital Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Prospect Capital's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Jun. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Jun. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Jun. 2022 ) + Earning Assets (A: Jun. 2023 ))/ count )
=623.326/( (4.197 + 5.074)/ 2 )
=623.326/4.6355
=13,446.79 %

where

Earning Assets(A: Jun. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=4.197 + 0 + 0
=4.197

Earning Assets(A: Jun. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=5.074 + 0 + 0
=5.074

Prospect Capital's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=632.488/( (4.575 + 4.32)/ 2 )
=632.488/4.4475
=14,221.20 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=4.575 + 0 + 0
=4.575

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=4.32 + 0 + 0
=4.32

* 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.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Prospect Capital  (NAS:PSEC) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Prospect Capital Net Interest Margin (Bank Only) % Related Terms

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Prospect Capital (Prospect Capital) Business Description

Traded in Other Exchanges
Address
10 East 40th Street, 42nd Floor, New York, NY, USA, 10016
Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.
Executives
M Grier Eliasek director, officer: President and COO C/O PROSPECT ENERGY CORPORATION, 10 E. 40TH STREET, 40TH FLOOR, NEW YORK NY 10016
Van Dask Kristin Lea officer: CFO, TREASURER, SECRETARY, CCO 10 EAST 40TH ST, NEW YORK NY 10016
John F Barry director, officer: Chief Executive Officer C/O PROSPECT ENERGY CORPORATION, 10 EAST 40TH STREET, 42TH FLOOR, NEW YORK NY 10016
Eugene S Stark officer: Chief Financial Officer GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
William Gremp director 10 E. 40TH ST, 44TH FLOOR, NEW YORK NY 10016
Brian H Oswald officer: CCO and Secretary, other: CCO and Secretary
Matthew C. Barry other: Family Insider 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Graham Anderson director 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Andrew C. Cooper director 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Robert Everett other: VP 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Simon Marom other: VP- Legal 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Robert Kleinman other: Senior VP 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
David Belzer other: Managing Director 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Amir Friedman other: VP 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
William Montgomery Cook other: Managing Director 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016

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