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Western Asset Diversifiedome Fund (Western Asset Diversifiedome Fund) Net Interest Margin (Bank Only) % : 757.18% (As of Dec. 2023)


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What is Western Asset Diversifiedome Fund 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. Western Asset Diversifiedome Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $103.5 Mil. Western Asset Diversifiedome Fund's average earning assets for the quarter that ended in Dec. 2023 was $13.7 Mil. Therefore, Western Asset Diversifiedome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 757.18%.


Western Asset Diversifiedome Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Western Asset Diversifiedome Fund'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.

Western Asset Diversifiedome Fund Net Interest Margin (Bank Only) % Chart

Western Asset Diversifiedome Fund Annual Data
Trend Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
1,626.40 1,633.43 1,010.78

Western Asset Diversifiedome Fund Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Net Interest Margin (Bank Only) % - 3,255.42 1,526.03 778.45 757.18

Competitive Comparison of Western Asset Diversifiedome Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, Western Asset Diversifiedome Fund'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.


Western Asset Diversifiedome Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

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

* The bar in red indicates where Western Asset Diversifiedome Fund's Net Interest Margin (Bank Only) % falls into.



Western Asset Diversifiedome Fund 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).

Western Asset Diversifiedome Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=102.089/( (9.376 + 10.824)/ 2 )
=102.089/10.1
=1,010.78 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=9.376 + 0 + 0
=9.376

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=10.824 + 0 + 0
=10.824

Western Asset Diversifiedome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=103.454/( (16.502 + 10.824)/ 2 )
=103.454/13.663
=757.18 %

where

Earning Assets(Q: Jun. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=16.502 + 0 + 0
=16.502

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=10.824 + 0 + 0
=10.824

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


Western Asset Diversifiedome Fund  (NYSE:WDI) 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.


Western Asset Diversifiedome Fund Net Interest Margin (Bank Only) % Related Terms

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Western Asset Diversifiedome Fund (Western Asset Diversifiedome Fund) Business Description

Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
Western Asset Diversified Income Fund is a newly-organized, diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income.
Executives
Daniel P Cronin director 235 EAST 42ND ST, NEW YORK NY 10017
Oliveira Marc De officer: Secretary/Chief Legal Officer C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Hoffmann Courtney A. other: Secretary/GC Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Robert D Agdern director C/O LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Andrew J. Bowden other: COO/Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Ruys De Perez Charles Antony other: Secretary/GC Subadviser WESTERN ASSET MANAGEMENT COMPANY, 385 E. COLORADO BLVD., PASADENA CA 91101
Franklin Resources Inc other: Parent of Inv Mgr/Subadvisers FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Legg Mason Partners Fund Advisor, Llc other: Investment Manager 399 PARK AVENUE, NEW YORK NY 10022
Ted P Becker other: CCO Investment Manager 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Jeanne Kelly officer: SVP, other: SVP/Investment Mgr 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902
Thomas C Mandia other: Secretary Inv Mgr 300 FIRST STAMFORD PLACE, CITIGROUP ASSET MANAGEMENT, STAMFORD CT 06902
S. Kenneth Leech other: Portfolio Manager 385 EAST COLORADO BLVD, PASADENA CA 91101
Hirschmann James W Iii other: CEO/Pres. Subadviser
Western Asset Management Company, Llc other: Subadviser 385 E. COLORADO BLVD., PASADENA CA 91101
Carol L Colman director 278 HAWLEY RD, NORTH SALEM NY 10560