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Royce Micro-Cap Trust Inc  (NYSE:RMT) Net Interest Margin (Bank Only) %: % (As of Dec. 2017)

Net interest margin 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 as Net Interest Income (for Banks) divided by its average earning assets. Royce Micro-Cap Trust Inc's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2017 was $ Mil. Royce Micro-Cap Trust Inc's average earning assets for the quarter that ended in Dec. 2017 was $ Mil. Therefore, Royce Micro-Cap Trust Inc's annualized net interest margin for the quarter that ended in Dec. 2017 was %.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Royce Micro-Cap Trust Inc Annual Data

Dec17
Net Interest Margin (Bank Only) % 0.00

Royce Micro-Cap Trust Inc Semi-Annual Data

Dec17
Net Interest Margin (Bank Only) % 0.00

Competitive Comparison
* 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.


Royce Micro-Cap Trust Inc Distribution

* The bar in red indicates where Royce Micro-Cap Trust Inc's Net Interest Margin (Bank Only) % falls into.



Calculation

Net interest margin (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).

Royce Micro-Cap Trust Inc's annualized Net Interest Margin for the fiscal year that ended in Dec. 2017 is calculated as

Net Interest Margin(A: Dec. 2017 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: . 20 ) + Earning Assets (A: Dec. 2017 ))/2)
=/( ( + )/2)
=/
= %

where

Earning Assets(A: . 20 )
=Money Market Investments + Net Loan + Securities & Investments
= + +
=

Earning Assets(A: Dec. 2017 )
=Money Market Investments + Net Loan + Securities & Investments
= + +
=

Royce Micro-Cap Trust Inc's annualized Net Interest Margin for the quarter that ended in Dec. 2017 is calculated as

Net Interest Margin(Q: Dec. 2017 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: {}stock_data.data.Q2}}) + Earning Assets (Q: Dec. 2017 ))/2)
=/( ( + )/2)
=/
= %

where

Earning Assets(Q: . 20 )
=Money Market Investments + Net Loan + Securities & Investments
= + +
=

Earning Assets(Q: Dec. 2017 )
=Money Market Investments + Net Loan + Securities & Investments
= + +
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Note: Interest Expense is the negative value.

In the calculation of annual net interest margin, 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 one times the annual (Dec. 2017) net interest income data. Net Interest Margin is displayed in the 15-year financial page.


Explanation

The negative value of net interest margin mean the firm pays more interest for its debt than the interest revenue generated from its investment.


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