Redwood Monthlyome Fund (TSX:VIP.UN) Net Interest Margin (Bank Only) %: N/A% (As of Dec. 2017)


What is Redwood Monthlyome Fund Net Interest Margin (Bank Only) %?

Redwood Monthlyome Fund TSX:VIP.UN Net Interest Margin (Bank Only) % is N/A% as of Dec. 2017.

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. Redwood Monthlyome Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2017 was C$1.19 Mil. Redwood Monthlyome Fund's average earning assets for the quarter that ended in Dec. 2017 was C$0.00 Mil. Therefore, Redwood Monthlyome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2017 was N/A%.


Redwood Monthlyome Fund  (TSX:VIP.UN) 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.


Redwood Monthlyome Fund Net Interest Margin (Bank Only) % Related Terms


Redwood Monthlyome Fund Net Interest Margin (Bank Only) % Historical Data

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The historical data trend for Redwood Monthlyome 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.

Redwood Monthlyome Fund Net Interest Margin (Bank Only) % Chart

Redwood Monthlyome Fund Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Net Interest Margin (Bank Only) %
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Redwood Monthlyome Fund Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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TSX:VIP.UN vs MDLY, GARS, ICMB: Net Interest Margin (Bank Only) % Comparison

For the Asset Management subindustry, Redwood Monthlyome 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.


Redwood Monthlyome Fund Net Interest Margin (Bank Only) % vs Asset Management Industry

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

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



Redwood Monthlyome 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).

Redwood Monthlyome Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2017 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2017 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2016 ) + Earning Assets (A: Dec. 2017 ))/ count )
=1.387/( (0 + 0)/ 1 )
=1.387/0
=N/A %

where

Earning Assets(A: Dec. 2016 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Earning Assets(A: Dec. 2017 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Redwood Monthlyome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2017 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2017 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2017 ) + Earning Assets (Q: Dec. 2017 ))/ count )
=1.188/( (0 + 0)/ 1 )
=1.188/0
=N/A %

where

Earning Assets(Q: Jun. 2017 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Earning Assets(Q: Dec. 2017 )
=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 (Dec. 2017) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.

What does a Net Interest Margin (Bank Only) % of N/A% mean?
Redwood Monthlyome Fund (TSX:VIP.UN) has a Net Interest Margin (Bank Only) % of N/A% as of Dec. 2017. Net interest margin is the ratio of a bank's net interest income to its average two-period earning assets. View historical data on Redwood Monthlyome Fund and its competitors.
Is Redwood Monthlyome Fund's Net Interest Margin (Bank Only) % too high?
Redwood Monthlyome Fund's current Net Interest Margin (Bank Only) % is N/A%.
How does Redwood Monthlyome Fund's Net Interest Margin (Bank Only) % compare to MDLY and GARS?
Redwood Monthlyome Fund's Net Interest Margin (Bank Only) % of N/A% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Interest Margin (Bank Only) % for an Asset Management company?
A good Net Interest Margin (Bank Only) % depends on the Asset Management industry context. However, Net Interest Margin (Bank Only) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Interest Margin (Bank Only) % mean?
A high Net Interest Margin (Bank Only) % can signal that a stock is expensive relative to its fundamentals. Net interest margin is the ratio of a bank's net interest income to its average two-period earning assets. View historical data on Redwood Monthlyome Fund and its competitors. Redwood Monthlyome Fund's current Net Interest Margin (Bank Only) % is N/A%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redwood Monthlyome Fund stock overvalued right now?
Redwood Monthlyome Fund (TSX:VIP.UN) has a current Net Interest Margin (Bank Only) % of N/A%. The current Net Interest Margin (Bank Only) % is N/A%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Interest Margin (Bank Only) % calculated?
Net Interest Margin (Bank Only) % is calculated from a company's financial statements. For Redwood Monthlyome Fund (TSX:VIP.UN), the current Net Interest Margin (Bank Only) % is N/A% as of Dec. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Redwood Monthlyome Fund Business Description

Address 130 Adelaide Street West, Suite 1700, P.O. Box 83, Toronto, ON, CAN, M5H 3P5
Redwood Monthly Income Fund is a closed-end investment trust. Its investment objectives are to provide Unitholders with the benefits of a high level of monthly income, together with the opportunity for capital appreciation. The Fund seeks to achieve its Investment Objectives through active asset and sector allocation and by investing in those income-producing securities that the Sub-Advisor believes represent the weighting to achieve the Investment Objectives. The Fund has exposure to a diversified portfolio consisting of income-producing securities, including but not limited to income trusts, dividend-paying common shares, convertible debt, preferred shares and investment-grade fixed income investments.