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Nuveen Municipal Creditome Fund Net Interest Margin (Bank Only) %

: N/A% (As of Oct. 2020)
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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. Nuveen Municipal Creditome Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Oct. 2020 was $-15.86 Mil. Nuveen Municipal Creditome Fund's average earning assets for the quarter that ended in Oct. 2020 was $0.00 Mil. Therefore, Nuveen Municipal Creditome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Oct. 2020 was N/A%.


Nuveen Municipal Creditome Fund Net Interest Margin (Bank Only) % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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Nuveen Municipal Creditome Fund Annual Data
Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Net Interest Margin (Bank Only) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Nuveen Municipal Creditome Fund Semi-Annual Data
Apr11 Oct11 Apr12 Oct12 Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20
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 0.00 0.00 0.00 0.00 0.00

Competitive Comparison
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Nuveen Municipal Creditome Fund Net Interest Margin (Bank Only) % Distribution

* The bar in red indicates where Nuveen Municipal Creditome Fund's Net Interest Margin (Bank Only) % falls into.



Nuveen Municipal Creditome 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).

Nuveen Municipal Creditome Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Oct. 2020 is calculated as

Net Interest Margin (Bank Only) %(A: Oct. 2020 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Oct. 2019 ) + Earning Assets (A: Oct. 2020 ))/ count )
=-23.075/( (0 + 0)/ 1 )
=-23.075/0
=N/A %

where

Earning Assets(A: Oct. 2019 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Earning Assets(A: Oct. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Nuveen Municipal Creditome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Oct. 2020 is calculated as

Net Interest Margin (Bank Only) %(Q: Oct. 2020 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Apr. 2020 ) + Earning Assets (Q: Oct. 2020 ))/ count )
=-15.86/( (0 + 0)/ 1 )
=-15.86/0
=N/A %

where

Earning Assets(Q: Apr. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Earning Assets(Q: Oct. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

* All numbers are in millions except for per share data and ratio. All numbers 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 (Oct. 2020) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Nuveen Municipal Creditome Fund  (NYSE:NZF) 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.


Nuveen Municipal Creditome Fund Net Interest Margin (Bank Only) % Related Terms


Nuveen Municipal Creditome Fund Net Interest Margin (Bank Only) % Headlines

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