Magyar Bancorp (Magyar Bancorp) Debt-to-Equity : 0.27 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Magyar Bancorp Debt-to-Equity?

Magyar Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Magyar Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28.80 Mil. Magyar Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $106.54 Mil. Magyar Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Magyar Bancorp's Debt-to-Equity or its related term are showing as below:

MGYR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.64 Max: 1.19
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Magyar Bancorp was 1.19. The lowest was 0.15. And the median was 0.64.

MGYR's Debt-to-Equity is ranked better than
76.24% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs MGYR: 0.27

Magyar Bancorp Debt-to-Equity Historical Data

The historical data trend for Magyar Bancorp's Debt-to-Equity 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.

Magyar Bancorp Debt-to-Equity Chart

Magyar Bancorp Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

0.66

1.19

0.24

0.21

0.28

Magyar Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.44	0.28	0.27	-

Competitive Comparison of Magyar Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Magyar Bancorp's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Magyar Bancorp's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Magyar Bancorp's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Magyar Bancorp's Debt-to-Equity falls into.

Magyar Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magyar Bancorp's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.384	+	25.131)	/	104.79
	=	0.28

Magyar Bancorp's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	28.796)	/	106.539
	=	0.27

Magyar Bancorp (NAS:MGYR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Magyar Bancorp Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Magyar Bancorp's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Magyar Bancorp (Magyar Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Magyar Bancorp Inc (NAS:MGYR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Somerset Street, New Brunswick, NJ, USA, 08901

Website

https://www.magbank.com

Magyar Bancorp Inc is a mid-tier stock holding company. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans.

Executives

Michael F Lombardi	director	1862 OAK TREE RD., C/O LOMBARDI & LOMBARDI, EDISNO NJ 08818
Maureen Ruane	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Susan Eisenhauer	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Peter Mcintyre Brown	officer: SVP and CLO	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Joseph A Yelencsics	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Jon Ansari	officer: Senior Vice President, C.F.O.	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
John S Fitzgerald	officer: EVP and Chief Lending Officer	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Lukacs Joseph J Jr	director, other: Chairman of the Board	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Stokes Edward C Iii	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Brian Stanley	officer: SVP and Chief Lending Officer	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Elizabeth E Hance	director, officer: President and CEO	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Salvatore J Romano	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Thomas Lankey	director, other: Vice Chairman of the Board	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Andrew G Hodulik	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Martin A Lukacs	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903