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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. Ares Dynamic Credit Allocation Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $44.99 Mil. Ares Dynamic Credit Allocation Fund's average earning assets for the quarter that ended in Dec. 2023 was $0.00 Mil. Therefore, Ares Dynamic Credit Allocation Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was N/A%.
The historical data trend for Ares Dynamic Credit Allocation 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.
Ares Dynamic Credit Allocation Fund Annual Data | ||||||||||||||||
Trend | Oct17 | Oct18 | Oct19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | - | - | - | - | - |
Ares Dynamic Credit Allocation Fund Semi-Annual Data | |||||||||||||
Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | - | - | - | - | - |
For the Asset Management subindustry, Ares Dynamic Credit Allocation 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.
For the Asset Management industry and Financial Services sector, Ares Dynamic Credit Allocation Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Ares Dynamic Credit Allocation Fund'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).
Ares Dynamic Credit Allocation 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 ) |
= | 42.709 | / | ( (0 | + | 0) | / 1 ) |
= | 42.709 | / | 0 | |||
= | N/A % |
where
Earning Assets | (A: Dec. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 0 | + | 0 |
= | 0 |
Earning Assets | (A: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 0 | + | 0 |
= | 0 |
Ares Dynamic Credit Allocation 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 ) |
= | 44.986 | / | ( (0 | + | 0) | / 1 ) |
= | 44.986 | / | 0 | |||
= | N/A % |
where
Earning Assets | (Q: Jun. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 0 | + | 0 |
= | 0 |
Earning Assets | (Q: Dec. 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 (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
Ares Dynamic Credit Allocation Fund (NYSE:ARDC) 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 Ares Dynamic Credit Allocation Fund's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.
John Joseph Shaw | director | C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Elaine Orr | director | 143 MAGNOLIA AVENUE, MILLBRAE CA 94030 |
Bruce H Spector | director | APOLLO ADVISORS LP, 2 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
Thrivent Financial For Lutherans | 10 percent owner | 901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211 |
Aviva Life & Annuity Co | 10 percent owner | 7700 MILLS CIVIC PARKWAY, WEST DES MOINES IA 50266 |
Aisg Gp Ltd. | 10 percent owner | C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTER, 27 HOSPITAL RD, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008 |
Athene Usa Corp | 10 percent owner | 7700 MILLS CIVIC PARWAY, WEST DES MOINES IA 50266 |
Apollo Management Holdings Gp, Llc | 10 percent owner | 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Athene Holding Ltd | 10 percent owner | SECOND FLOOR, WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11 |
Apollo Insurance Solutions Group Lp | 10 percent owner | 2121 ROSECRANS AVE, STE 5300, EL SEGUNDO CA 90245 |
Athene Annuity & Life Assurance Co | 10 percent owner | 400 BROOKFIELD PARKWAY, GREENVILLE SC 29607 |
Sun Life Assurance Co Of Canada | 10 percent owner | ONE YORK STREET, TORONTO A6 M5J 0B6 |
Apollo Management Holdings, L.p. | 10 percent owner | 9 W. 57TH STREET, NEW YORK NY 10019 |
Apollo Capital Management Gp, Llc | 10 percent owner | 9 WEST 57TH STREET, NEW YORK NY 10019 |
Apollo Capital Management, L.p. | 10 percent owner | 9 WEST 57TH STREET, NEW YORK NY 10019 |
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