GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » COHEN & STEERS TAX-ADV PRD SEC AND INC (NYSE:PTA) » Definitions » Net Interest Margin (Bank Only) %

COHEN & STEERS TAX-ADV PRD SEC AND (COHEN & STEERS TAX-ADV PRD SEC AND) Net Interest Margin (Bank Only) % : 324.41% (As of Oct. 2023)


View and export this data going back to 1990. Start your Free Trial

What is COHEN & STEERS TAX-ADV PRD SEC AND 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. COHEN & STEERS TAX-ADV PRD SEC AND's annualized Net Interest Income (for Banks) for the quarter that ended in Oct. 2023 was $34.08 Mil. COHEN & STEERS TAX-ADV PRD SEC AND's average earning assets for the quarter that ended in Oct. 2023 was $10.51 Mil. Therefore, COHEN & STEERS TAX-ADV PRD SEC AND's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Oct. 2023 was 324.41%.


COHEN & STEERS TAX-ADV PRD SEC AND Net Interest Margin (Bank Only) % Historical Data

The historical data trend for COHEN & STEERS TAX-ADV PRD SEC AND'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.

COHEN & STEERS TAX-ADV PRD SEC AND Net Interest Margin (Bank Only) % Chart

COHEN & STEERS TAX-ADV PRD SEC AND Annual Data
Trend Oct20 Oct21 Oct22 Oct23
Net Interest Margin (Bank Only) %
- 430.97 413.36 318.38

COHEN & STEERS TAX-ADV PRD SEC AND Semi-Annual Data
Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial 412.27 425.25 339.11 309.92 324.41

Competitive Comparison of COHEN & STEERS TAX-ADV PRD SEC AND's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, COHEN & STEERS TAX-ADV PRD SEC AND'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.


COHEN & STEERS TAX-ADV PRD SEC AND's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, COHEN & STEERS TAX-ADV PRD SEC AND's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where COHEN & STEERS TAX-ADV PRD SEC AND's Net Interest Margin (Bank Only) % falls into.



COHEN & STEERS TAX-ADV PRD SEC AND 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).

COHEN & STEERS TAX-ADV PRD SEC AND's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Oct. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Oct. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Oct. 2022 ) + Earning Assets (A: Oct. 2023 ))/ count )
=35.555/( (12.609 + 9.726)/ 2 )
=35.555/11.1675
=318.38 %

where

Earning Assets(A: Oct. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=12.609 + 0 + 0
=12.609

Earning Assets(A: Oct. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=9.726 + 0 + 0
=9.726

COHEN & STEERS TAX-ADV PRD SEC AND'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 )
=34.082/( (11.286 + 9.726)/ 2 )
=34.082/10.506
=324.41 %

where

Earning Assets(Q: Apr. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=11.286 + 0 + 0
=11.286

Earning Assets(Q: Oct. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=9.726 + 0 + 0
=9.726

* 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.


COHEN & STEERS TAX-ADV PRD SEC AND  (NYSE:PTA) 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.


COHEN & STEERS TAX-ADV PRD SEC AND Net Interest Margin (Bank Only) % Related Terms

Thank you for viewing the detailed overview of COHEN & STEERS TAX-ADV PRD SEC AND's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.


COHEN & STEERS TAX-ADV PRD SEC AND (COHEN & STEERS TAX-ADV PRD SEC AND) Business Description

Traded in Other Exchanges
N/A
Address
1166 Avenue of the Americas, 30th Floor, New York, NY, USA, 10036
COHEN & STEERS TAX-ADV PRD SEC AND INC is a non-diversified, closed-end management statutory trust. Its primary investment objective is high current income, and the Fund's secondary investment objective is capital appreciation.
Executives
Ramona Lynn Rogers-windsor director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jerry Dorost officer: Vice President, other: Portfolio Manager 280 PARK AVENUE, NEW YORK NY 10017
Jane F. Magpiong director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Gerald J. Maginnis director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
William F Scapell officer: Vice President C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Edward C Delk officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Ward C Edward Jr director C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Elaine Zaharis-nikas officer: Vice President 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Daphne L Richards director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Christian Corkery officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Margaret Mo officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
George Grossman director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Dean Junkans director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
Dana Devivo officer: Secretary, Chief Legal Officer 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Albert Laskaj officer: Treasurer COHEN & STEERS, 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017

COHEN & STEERS TAX-ADV PRD SEC AND (COHEN & STEERS TAX-ADV PRD SEC AND) Headlines

From GuruFocus

COHEN & STEERS TAX-ADV PRD SEC AND INC's Dividend Analysis

By GuruFocus Research 01-15-2024