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Morses Club (Morses Club) Net Interest Margin (Bank Only) % : 133.73% (As of Aug. 2022)


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What is Morses Club 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. Morses Club's annualized Net Interest Income (for Banks) for the quarter that ended in Aug. 2022 was $101.1 Mil. Morses Club's average earning assets for the quarter that ended in Aug. 2022 was $75.6 Mil. Therefore, Morses Club's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Aug. 2022 was 133.73%.


Morses Club Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Morses Club'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.

Morses Club Net Interest Margin (Bank Only) % Chart

Morses Club Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only 181.28 147.83 180.68 161.92 197.72

Morses Club Semi-Annual Data
Feb14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22
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 154.28 184.72 186.11 203.12 133.73

Competitive Comparison of Morses Club's Net Interest Margin (Bank Only) %

For the Credit Services subindustry, Morses Club'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.


Morses Club's Net Interest Margin (Bank Only) % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Morses Club's Net Interest Margin (Bank Only) % distribution charts can be found below:

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



Morses Club 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).

Morses Club's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Feb. 2022 is calculated as

Net Interest Margin (Bank Only) %(A: Feb. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Feb. 2021 ) + Earning Assets (A: Feb. 2022 ))/ count )
=148.053/( (74.189 + 75.571)/ 2 )
=148.053/74.88
=197.72 %

where

Earning Assets(A: Feb. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 74.189 + 0
=74.189

Earning Assets(A: Feb. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 75.571 + 0
=75.571

Morses Club's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Aug. 2022 is calculated as

Net Interest Margin (Bank Only) %(Q: Aug. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Feb. 2022 ) + Earning Assets (Q: Aug. 2022 ))/ count )
=101.058/( (75.571 + 0)/ 1 )
=101.058/75.571
=133.73 %

where

Earning Assets(Q: Feb. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 75.571 + 0
=75.571

Earning Assets(Q: Aug. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

* 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 (Aug. 2022) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Morses Club  (OTCPK:MCLBF) 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.


Morses Club Net Interest Margin (Bank Only) % Related Terms

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Morses Club (Morses Club) Business Description

Traded in Other Exchanges
N/A
Address
1 Colliers Way, Building 1, The Phoenix Centre, Nottingham, GBR, NG8 6AT
Morses Club PLC is a consumer finance company. It provides a range of loan products through a combination of traditional and online marketing channels. The group's segments comprise Home Collected Credit and Digital. The company offers small cash loans between and operates through a network of branches throughout the UK.

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