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GAMCO Global Gold Natural Resources &ome Trust (GAMCO Global Gold Natural Resources &ome Trust) Net Interest Margin (Bank Only) %

: 107.50% (As of Jun. 2023)
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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. GAMCO Global Gold Natural Resources &ome Trust's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2023 was $6.4 Mil. GAMCO Global Gold Natural Resources &ome Trust's average earning assets for the quarter that ended in Jun. 2023 was $6.0 Mil. Therefore, GAMCO Global Gold Natural Resources &ome Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2023 was 107.50%.


GAMCO Global Gold Natural Resources &ome Trust Net Interest Margin (Bank Only) % Historical Data

The historical data trend for GAMCO Global Gold Natural Resources &ome 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.

* Premium members only.

GAMCO Global Gold Natural Resources &ome Trust Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Interest Margin (Bank Only) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 67.12 53.60 13.71 2.80 30.53

GAMCO Global Gold Natural Resources &ome Trust Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Net Interest Margin (Bank Only) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.15 4.06 8.64 54.81 107.50

Competitive Comparison

For the Asset Management subindustry, GAMCO Global Gold Natural Resources &ome 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.


GAMCO Global Gold Natural Resources &ome Trust Net Interest Margin (Bank Only) % Distribution

For the Asset Management industry and Financial Services sector, GAMCO Global Gold Natural Resources &ome Trust's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where GAMCO Global Gold Natural Resources &ome Trust's Net Interest Margin (Bank Only) % falls into.



GAMCO Global Gold Natural Resources &ome Trust 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).

GAMCO Global Gold Natural Resources &ome Trust's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2022 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2021 ) + Earning Assets (A: Dec. 2022 ))/ count )
=2.591/( (10.986 + 5.987)/ 2 )
=2.591/8.4865
=30.53 %

where

Earning Assets(A: Dec. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=10.986 + 0 + 0
=10.986

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=5.987 + 0 + 0
=5.987

GAMCO Global Gold Natural Resources &ome Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Jun. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2022 ) + Earning Assets (Q: Jun. 2023 ))/ count )
=6.436/( (5.987 + 0)/ 1 )
=6.436/5.987
=107.50 %

where

Earning Assets(Q: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=5.987 + 0 + 0
=5.987

Earning Assets(Q: Jun. 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 (Jun. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


GAMCO Global Gold Natural Resources &ome Trust  (AMEX:GGN) 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.


GAMCO Global Gold Natural Resources &ome Trust Net Interest Margin (Bank Only) % Related Terms

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GAMCO Global Gold Natural Resources &ome Trust (GAMCO Global Gold Natural Resources &ome Trust) Business Description

Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest 80% of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio.
Executives
Agnes Mullady officer: Treasurer ONE CORPORATE CENTER, RYE NY 10580
Calgary Avansino director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn director
Mario J Gabelli other: Control Person of Adviser 191 MASON STREET, GREENWICH CT 06830
Michael J Melarkey director ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza director 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Anthony S. Colavita director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Salvatore M Salibello director ONE CORPORATE CENTER, RYE NY 10580
Anthonie C Vanekris director ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr director ONE CORPORATE CENTER, RYE NY 10580
Bruce N Alpert officer: President C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Urso Mario D director 65 EATON SQUARE, LONDON SW UK X0 041101225