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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. XAI Octagon Floating Rate & Alternativeome Trust's annualized Net Interest Income (for Banks) for the quarter that ended in Sep. 2023 was $50.81 Mil. XAI Octagon Floating Rate & Alternativeome Trust's average earning assets for the quarter that ended in Sep. 2023 was $0.00 Mil. Therefore, XAI Octagon Floating Rate & Alternativeome Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2023 was N/A%.
The historical data trend for XAI Octagon Floating Rate & Alternativeome Trust'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.
XAI Octagon Floating Rate & Alternativeome Trust Annual Data | ||||||||||||||||
Trend | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | - | - | - | - | - |
XAI Octagon Floating Rate & Alternativeome Trust Semi-Annual Data | ||||||||||||
Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | - | - | - | - | - |
For the Asset Management subindustry, XAI Octagon Floating Rate & Alternativeome Trust'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.
For the Asset Management industry and Financial Services sector, XAI Octagon Floating Rate & Alternativeome Trust's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where XAI Octagon Floating Rate & Alternativeome Trust's Net Interest Margin (Bank Only) % falls into.
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).
XAI Octagon Floating Rate & Alternativeome Trust's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Sep. 2023 is calculated as
Net Interest Margin (Bank Only) % | (A: Sep. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Sep. 2022 ) | + | Earning Assets (A: Sep. 2023 )) | / count ) |
= | 49.066 | / | ( (0 | + | 0) | / 1 ) |
= | 49.066 | / | 0 | |||
= | N/A % |
where
Earning Assets | (A: Sep. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 0 | + | 0 |
= | 0 |
Earning Assets | (A: Sep. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 0 | + | 0 |
= | 0 |
XAI Octagon Floating Rate & Alternativeome Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2023 is calculated as
Net Interest Margin (Bank Only) % | (Q: Sep. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Mar. 2023 ) | + | Earning Assets (Q: Sep. 2023 )) | / count ) |
= | 50.81 | / | ( (0 | + | 0) | / 1 ) |
= | 50.81 | / | 0 | |||
= | N/A % |
where
Earning Assets | (Q: Mar. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 0 | + | 0 |
= | 0 |
Earning Assets | (Q: Sep. 2023 ) | ||||
= | 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 (Sep. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
XAI Octagon Floating Rate & Alternativeome Trust (NYSE:XFLT) 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.
Thank you for viewing the detailed overview of XAI Octagon Floating Rate & Alternativeome Trust's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Theodore J Brombach | officer: President & CEO, other: Interested Trustee | 321 N. CLARK STREET, CHICAGO IL 60054 |
John Yogi Spence | officer: CFO & Treasurer | 321 N. CLARK STREET, CHICAGO IL 60054 |
Randi Jean Roessler | officer: Chief Compliance Officer | C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715 |
Benjamin Mcculloch | officer: Secretary & CLO | 321 NORTH CLARK STREET, SUITE 2430, CHICAGO IL 60654 |
John P Mcgarrity | officer: Chief Legal & Secretary | 321 N. CLARK STREET, CHICAGO IL 60054 |
Eagle Point Credit Management Llc | 10 percent owner | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
Ep Dif Cayman I Lp | 10 percent owner | 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830 |
Eagle Point Core Income Fund Lp | 10 percent owner | 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830 |
Eagle Point Cif Gp I Llc | 10 percent owner | 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830 |
Eagle Point Dif Gp I Llc | 10 percent owner | 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830 |
Sean Michael Gleason | other: Sub-Adviser Inv Comm Member | 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177 |
Philip G Franklin | other: Trustee | C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203 |
Andrew David Gordon | other: Sub-Adviser Inv Comm Member | 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177 |
Scott C Jones | other: Trustee | C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203 |
Maegan Gallagher Boger | other: Sub-Adviser Inv Comm Member | 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177 |
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