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Polar Capital Technology Trust (Polar Capital Technology Trust) Net Interest Margin (Bank Only) % : 697.42% (As of Oct. 2023)


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What is Polar Capital Technology Trust Net Interest Margin (Bank Only) %?

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. Polar Capital Technology Trust's annualized Net Interest Income (for Banks) for the quarter that ended in Oct. 2023 was $6.2 Mil. Polar Capital Technology Trust's average earning assets for the quarter that ended in Oct. 2023 was $0.9 Mil. Therefore, Polar Capital Technology Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Oct. 2023 was 697.42%.


Polar Capital Technology Trust Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Polar Capital Technology Trust'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.

Polar Capital Technology Trust Net Interest Margin (Bank Only) % Chart

Polar Capital Technology Trust Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -12.63 29.75

Polar Capital Technology Trust Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial 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 - -13.38 14.64 10,561.70 697.42

Competitive Comparison of Polar Capital Technology Trust's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, Polar Capital Technology Trust'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.


Polar Capital Technology Trust's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

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

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



Polar Capital Technology Trust 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).

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

Net Interest Margin (Bank Only) %(A: Apr. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Apr. 2022 ) + Earning Assets (A: Apr. 2023 ))/ count )
=2.872/( (9.654 + 0)/ 1 )
=2.872/9.654
=29.75 %

where

Earning Assets(A: Apr. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=9.654 + 0 + 0
=9.654

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

Polar Capital Technology Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Oct. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Oct. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Apr. 2023 ) + Earning Assets (Q: Oct. 2023 ))/ count )
=6.228/( (0 + 0.89299999999997)/ 1 )
=6.228/0.89299999999997
=697.42 %

where

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

Earning Assets(Q: Oct. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0.89299999999997 + 0 + 0
=0.89299999999997

* 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 two times the semi-annual (Oct. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Polar Capital Technology Trust  (OTCPK:PLCQF) 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.


Polar Capital Technology Trust Net Interest Margin (Bank Only) % Related Terms

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Polar Capital Technology Trust (Polar Capital Technology Trust) Business Description

Traded in Other Exchanges
Address
16 Palace Street, London, GBR, SW1E 5JD
Polar Capital Technology Trust PLC is a UK-based investment trust company. The company's investment objective is to maximize long-term capital growth by investing in a diversified portfolio of technology companies across the world. Geographically, the company earns investment income from North America, Europe, and the Asia Pacific region. It invests in Software, Interactive Media and Services, Semiconductors and Semiconductor Equipment, Technology Hardware, Storage and Peripherals, Internet and Direct Marketing Retail, IT Services, Entertainment, and other sectors.

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