Minority Interest (Historical) Formula in Excel

Minority Interest (Historical) is a useful Excel formula provided by MarketXLS that helps you retrieve the percentage of a subsidiary’s stock not owned by the parent company. This function is especially valuable for investors and analysts looking to understand ownership structures and liabilities in consolidated financial statements.

Understanding Minority Interest (Historical)

• Purpose: Fetch historical minority interest data for a specified year (and optional quarter) or trailing twelve months (TTM).
• Key Benefits:
  • Offers a quick snapshot of minority holdings.
  • Improves accuracy when analyzing parent-subsidiary relationships.
  • Works with various symbol formats, including stocks, indices, options, and crypto.
• When to Use:
  • Evaluating consolidated financial statements.
  • Comparing minority interest trends across different periods.

Syntax and Parameters

Use the following syntax in an Excel cell to call the function:

=hf_Minority_Interest(Symbol, Year, [Quarter], [TTM])

?? Note: If the symbol is invalid or your license does not support this function, “NA” is returned.

Return Value

• Returns a numeric value representing the minority interest for the specified period.
• If no valid data is found or an error occurs, it returns “NA.”

Special Cases and Limitations

• Some symbols might not have complete fundamental data.
• Large batch calculations may impact performance due to data retrieval from external sources.

? Pro Tip: Combine this function with Excel references to make dynamic dashboards and automatically update your portfolio analysis.

Examples and Usage

Below are some practical usage examples in Excel:

1. Retrieve a specific year’s value:

   =hf_Minority_Interest("MSFT", 2022)

2. Retrieve data by year and quarter:

   =hf_Minority_Interest("MSFT", 2022, 2)

3. Retrieve trailing twelve months (TTM) data:

   =hf_Minority_Interest("MSFT", 2022, 3, "TTM")

4. Use last quarter references:

   =hf_Minority_Interest("MSFT", "lq")
   =hf_Minority_Interest("MSFT", "lq-1")

5. Use last year references:

   =hf_Minority_Interest("MSFT", "ly")
   =hf_Minority_Interest("MSFT", "ly-1")

6. Use last 12 months references:

   =hf_Minority_Interest("MSFT", "lt")
   =hf_Minority_Interest("MSFT", "lt-1")

Working with Date Inputs

Use date-based approaches if you need to dynamically compute the Year parameter:

• Cell references:

  =hf_Minority_Interest("MSFT", A1)

• Direct dates:

  =hf_Minority_Interest("MSFT", "2024-03-15")

• Excel date functions:

  =hf_Minority_Interest("MSFT", TEXT(A1,"yyyy"))

Common Questions

1. What if data is missing for a specific quarter?
   • The function returns “NA.” Check if the symbol has historical data for that quarter.
2. Can I use this function for indices or crypto?
   • Yes. Use the appropriate symbol format like "^SPX" for indices or "BTCUSD:DEFAULT" for crypto.
3. How can I improve performance?
   • Limit the number of calls per worksheet, or refresh data in batches. This minimizes repeated API calls.
4. What are related formulas for historical fundamentals?
   • You can also use:
     • =hf_Revenue (Historical)
     • =hf_Cost_of_Revenue (Historical)
     • =hf_Gross_Profit (Historical)
     • =hf_RD_Expenses (Historical)
     • =hf_SGA_Expense (Historical)

?? Note: Always ensure your MarketXLS subscription is active to avoid “NA” results.

By leveraging the Minority Interest (Historical) formula, you can enhance your financial analysis by quickly retrieving ownership data and integrating it into your spreadsheets for comprehensive reporting.