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Saratoga Investment (Saratoga Investment) Net Interest Margin (Bank Only) % : 301.76% (As of Nov. 2023)


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What is Saratoga Investment 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. Saratoga Investment's annualized Net Interest Income (for Banks) for the quarter that ended in Nov. 2023 was $82.63 Mil. Saratoga Investment's average earning assets for the quarter that ended in Nov. 2023 was $27.38 Mil. Therefore, Saratoga Investment's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Nov. 2023 was 301.76%.


Saratoga Investment Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Saratoga Investment'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.

Saratoga Investment Net Interest Margin (Bank Only) % Chart

Saratoga Investment Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.97 146.92 294.09 462.59 295.40

Saratoga Investment Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 239.69 186.75 242.86 271.46 301.76

Competitive Comparison of Saratoga Investment's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, Saratoga Investment'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.


Saratoga Investment's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

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

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



Saratoga Investment 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).

Saratoga Investment's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Feb. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Feb. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Feb. 2022 ) + Earning Assets (A: Feb. 2023 ))/ count )
=53.087/( (5.612 + 30.33)/ 2 )
=53.087/17.971
=295.40 %

where

Earning Assets(A: Feb. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=5.612 + 0 + 0
=5.612

Earning Assets(A: Feb. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=30.33 + 0 + 0
=30.33

Saratoga Investment's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Nov. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Nov. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Aug. 2023 ) + Earning Assets (Q: Nov. 2023 ))/ count )
=82.632/( (29.128 + 25.639)/ 2 )
=82.632/27.3835
=301.76 %

where

Earning Assets(Q: Aug. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=29.128 + 0 + 0
=29.128

Earning Assets(Q: Nov. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=25.639 + 0 + 0
=25.639

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


Saratoga Investment  (NYSE:SAR) 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.


Saratoga Investment Net Interest Margin (Bank Only) % Related Terms

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Saratoga Investment (Saratoga Investment) Business Description

Traded in Other Exchanges
N/A
Address
535 Madison Avenue, 4th Floor, New York, NY, USA, 10022
Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests in senior and unitranche leveraged loans and mezzanine debt and, to a lesser extent, equity issued by private U.S. middle-market companies, which it defines as companies having annual earnings before interest, taxes, depreciation and amortization (EBITDA) under $50 million, both through direct lending and through participation in loan syndicates.
Executives
Christian L Oberbeck director, 10 percent owner, officer: CEO and Director C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219
Steven M Looney director 132 WAIKU ROAD, RIDGEWOOD NJ 07450-2322
Henri J Steenkamp officer: Chief Financial Officer SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Williams George Cabell Iii director 5422 ALBIA ROAD, BETHESDA MD 20816
Elizabeth Oberbeck 10 percent owner C/O SARATOGA INVESTMENT CORP., 535 MADISON AVENUE, NEW YORK NY 10022
Michael J Grisius director, officer: President and Director 1919 PENNSYLVANIA AVE NW, 3RD FL, WASHINGTON DC 20006
Whitman Iii Charles S director C/O GSC INVESTMENT CORP., 12 EAST 49TH STREET, SUITE 3200, NEW YORK NY 10017
Phillips Charles G Iv other: Member of 10% owner group. C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Richard A Petrocelli director, officer: CFO, Secretary and CCO 1350 6TH AVENUE, 18TH FLOOR, NEW YORK NY 10019
John P. Birkelund other: Member of 10% owner group ETHAN ALLEN DRIVE, DANBURY CT 06811
John F. Macmurray other: Member of 10% owner group C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Durkin Charles P Jr other: Member of 10% owner group
Clo Partners Llc other: Member of 10% owner group 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Saratoga Investment Advisors, Llc other: Member of 10% owner group 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Ivo Turkedjiev officer: VP Corporate Credit Group C/O GSC INVESTMENT CORP, 888 SEVENTH AVE, NEW YORK NY 10019

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