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HGLB (Highland Global Allocation Fund) Net Interest Margin (Bank Only) % : 76.88% (As of Sep. 2024)


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What is Highland Global Allocation 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. Highland Global Allocation Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Sep. 2024 was $7.43 Mil. Highland Global Allocation Fund's average earning assets for the quarter that ended in Sep. 2024 was $9.66 Mil. Therefore, Highland Global Allocation Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2024 was 76.88%.


Highland Global Allocation Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Highland Global Allocation 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.

Highland Global Allocation Fund Net Interest Margin (Bank Only) % Chart

Highland Global Allocation Fund Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 17.80 10.92 15.93 70.53 72.97

Highland Global Allocation Fund Semi-Annual Data
Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.23 70.61 66.56 48.89 76.88

Competitive Comparison of Highland Global Allocation Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, Highland Global Allocation 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.


Highland Global Allocation Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

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

* The bar in red indicates where Highland Global Allocation Fund's Net Interest Margin (Bank Only) % falls into.


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Highland Global Allocation 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).

Highland Global Allocation Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Sep. 2024 is calculated as

Net Interest Margin (Bank Only) %(A: Sep. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Sep. 2023 ) + Earning Assets (A: Sep. 2024 ))/ count )
=5.385/( (4.56 + 10.199)/ 2 )
=5.385/7.3795
=72.97 %

where

Earning Assets(A: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=4.56 + 0 + 0
=4.56

Earning Assets(A: Sep. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=10.199 + 0 + 0
=10.199

Highland Global Allocation Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Sep. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Mar. 2024 ) + Earning Assets (Q: Sep. 2024 ))/ count )
=7.426/( (9.12 + 10.199)/ 2 )
=7.426/9.6595
=76.88 %

where

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=9.12 + 0 + 0
=9.12

Earning Assets(Q: Sep. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=10.199 + 0 + 0
=10.199

* 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 (Sep. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Highland Global Allocation Fund  (NYSE:HGLB) 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.


Highland Global Allocation Fund Net Interest Margin (Bank Only) % Related Terms

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Highland Global Allocation Fund Business Description

Traded in Other Exchanges
N/A
Address
300 Crescent Court, Suite 700, Dallas, TX, USA, 75201
Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.
Executives
Ethan Powell director 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Robert J Froehlich director 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Dorri Mcwhorter director 6431 OAKTON STREET, C/O LIFEWAY FOODS, INC., MORTON GROVE IL 60053
Pamela B Corrie director 100 PIER 1 PLACE, FORT WORTH TX 76102
Stephanie Vitiello officer: Chief Compliance Officer NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Brian Mitts officer: PEO, PFO & Assistant Treasurer 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Dustin David Norris director, officer: Secretary 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Bryan A Ward director 3625 ROSEDALE, DALLAS TX 75205
Robert Jason Post officer: Chief Compliance Officer 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Clifford Stoops officer: Assistant Treasurer 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Frank George Waterhouse officer: See Remarks 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
John Honis director 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Timothy K Hui director 48 WILLOW GREEN DRIVE, CHURCHVILLE PA 18966
Parker Lee Blackwell Iii officer: Executive Vice President 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201