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L1 Long Short Fund (ASX:LSF) Net Interest Margin (Bank Only) % : -0.67% (As of Dec. 2022)


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What is L1 Long Short 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. L1 Long Short Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2022 was A$-18.3 Mil. L1 Long Short Fund's average earning assets for the quarter that ended in Dec. 2022 was A$2,719.7 Mil. Therefore, L1 Long Short Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2022 was -0.67%.


L1 Long Short Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for L1 Long Short 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.

L1 Long Short Fund Net Interest Margin (Bank Only) % Chart

L1 Long Short Fund Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22
Net Interest Margin (Bank Only) %
0.14 0.01 -0.55 -0.29 -0.42

L1 Long Short Fund Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.28 -0.24 -0.31 -0.44 -0.67

Competitive Comparison of L1 Long Short Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, L1 Long Short 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.


L1 Long Short Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, L1 Long Short Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where L1 Long Short Fund's Net Interest Margin (Bank Only) % falls into.



L1 Long Short 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).

L1 Long Short Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Jun. 2022 is calculated as

Net Interest Margin (Bank Only) %(A: Jun. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Jun. 2021 ) + Earning Assets (A: Jun. 2022 ))/ count )
=-12.426/( (3032.182 + 2952.985)/ 2 )
=-12.426/2992.5835
=-0.42 %

where

Earning Assets(A: Jun. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 3032.182
=3032.182

Earning Assets(A: Jun. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 2952.985
=2952.985

L1 Long Short Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2022 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2022 ) + Earning Assets (Q: Dec. 2022 ))/ count )
=-18.304/( (2952.985 + 2486.354)/ 2 )
=-18.304/2719.6695
=-0.67 %

where

Earning Assets(Q: Jun. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 2952.985
=2952.985

Earning Assets(Q: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 2486.354
=2486.354

* 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. 2022) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


L1 Long Short Fund  (ASX:LSF) 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.


L1 Long Short Fund Net Interest Margin (Bank Only) % Related Terms

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L1 Long Short Fund (ASX:LSF) Business Description

Traded in Other Exchanges
N/A
Address
Level 7, 330 Collins Street, Melbourne, VIC, AUS, 3000
L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.