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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. Clough Global Equity Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Apr. 2024 was $-0.28 Mil. Clough Global Equity Fund's average earning assets for the quarter that ended in Apr. 2024 was $25.59 Mil. Therefore, Clough Global Equity Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Apr. 2024 was -1.08%.
The historical data trend for Clough Global Equity 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.
Clough Global Equity Fund Annual Data | |||||||||||||||||||||
Trend | Mar14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | -5.81 | -4.33 | -3.92 | -3.41 | -4.99 |
Clough Global Equity Fund Semi-Annual Data | ||||||||||||||||||||
Sep14 | Apr15 | Oct15 | Apr16 | Oct16 | Apr17 | Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Apr20 | Oct20 | Apr21 | Oct21 | Apr22 | Oct22 | Apr23 | Oct23 | Apr24 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | -3.39 | -2.53 | -7.65 | -10.66 | -1.08 |
For the Asset Management subindustry, Clough Global Equity 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, Clough Global Equity Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Clough Global Equity 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).
Clough Global Equity Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Oct. 2023 is calculated as
Net Interest Margin (Bank Only) % | (A: Oct. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Oct. 2022 ) | + | Earning Assets (A: Oct. 2023 )) | / count ) |
= | -1.662 | / | ( (45.559 | + | 21.079) | / 2 ) |
= | -1.662 | / | 33.319 | |||
= | -4.99 % |
where
Earning Assets | (A: Oct. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 45.559 | + | 0 | + | 0 |
= | 45.559 |
Earning Assets | (A: Oct. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 21.079 | + | 0 | + | 0 |
= | 21.079 |
Clough Global Equity Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Apr. 2024 is calculated as
Net Interest Margin (Bank Only) % | (Q: Apr. 2024 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Oct. 2023 ) | + | Earning Assets (Q: Apr. 2024 )) | / count ) |
= | -0.276 | / | ( (21.079 | + | 30.095) | / 2 ) |
= | -0.276 | / | 25.587 | |||
= | -1.08 % |
where
Earning Assets | (Q: Oct. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 21.079 | + | 0 | + | 0 |
= | 21.079 |
Earning Assets | (Q: Apr. 2024 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 30.095 | + | 0 | + | 0 |
= | 30.095 |
* 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 (Apr. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
Clough Global Equity Fund (AMEX:GLQ) 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.
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Charles Jr Clough | other: person affiliated w/ Inv. Adv. | 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109 |
Christopher Moore | officer: Secretary | 1700 BROADWAY, SUITE 1850, DENVER CO 80290 |
Jill Kerschen | officer: Treasurer | 1700 BROADWAY, SUITE 1850, DENVER CO 80290 |
Clough Capital Partners, L.p. | other: Investment Advisor of Fund | 53 STATE STREET, 27TH FLOOR, SUITE 2702, BOSTON MA 02109 |
Lainey Ejiasa | officer: President | 1290 BROADWAY, SUITE 1000, DENVER CO 80203 |
Dylan Riter Mikel | other: Assistant Treasurer | 2921 SOUTH COORS DRIVE, LAKEWOOD CO 80228 |
Adams Nicholas | other: Secretary | 1055 BROADWAY, 3RD FL, KANSAS CITY MT 64105 |
Ryan Johanson | officer: Treasurer | 1290 BROADWAY SUITE 1000, DENVER CO 80203 |
Alex James Marks | officer: Assistant Secretary | 1290 BROADWAY, SUITE 1000, DENVER CO 80203 |
Erich Rettinger | officer: Treasurer | 1290 BROADWAY SUITE 1100, DENVER CO 80203 |
Michael Jason Hearle | other: Person affiliated with Inv Adv | 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109 |
Kevin Joseph Mcnally | officer: Trustee | 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109 |
Kelly Mcewen | officer: Treasurer | 5050 S. SYRACUSE ST., SUITE 1100, DENVER CO 80237 |
Karen Ann Digravio | other: Trustee | 1700 BROADWAY, SUITE 1850, DENVER CO 80290 |
Jerry G Rutledge | director | 2745 SPRINGMEDE COURT, COLORADO SPRINGS CO 80906 |
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