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Magyar Bancorp Debt-to-Equity

: 1.04 (As of Dec. 2020)
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Magyar Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $0.00 Mil. Magyar Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $60.26 Mil. Magyar Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2020 was $58.20 Mil. Magyar Bancorp's debt to equity for the quarter that ended in Dec. 2020 was 1.04.

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.

NAS:MGYR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47   Med: 0.84   Max: 2.23
Current: 1.04
0.47
2.23

During the past 13 years, the highest Debt-to-Equity Ratio of Magyar Bancorp was 2.23. The lowest was 0.47. And the median was 0.84.

NAS:MGYR's Debt-to-Equity is ranked lower than
65% of the 1372 Companies
in the Banks industry.

( Industry Median: 0.62 vs. NAS:MGYR: 1.04 )

Magyar Bancorp Debt-to-Equity Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Magyar Bancorp Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.65 0.69 0.66 1.19

Magyar Bancorp Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.56 1.19 1.19 1.04
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.

Magyar Bancorp Debt-to-Equity Distribution

* 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. 2020 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 + 67.41) / 56.85
=1.19

Magyar Bancorp's Debt to Equity Ratio for the quarter that ended in Dec. 2020 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 + 60.26) / 58.201
=1.04

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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

Magyar Bancorp Debt-to-Equity Headlines

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