Magyar Long Term Debt vs Capital Surpluse Analysis

MGYR Stock

USD 13.26 0.01 0.08%

Magyar Bancorp financial indicator trend analysis is infinitely more than just investigating Magyar Bancorp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magyar Bancorp is a good investment. Please check the relationship between Magyar Bancorp Long Term Debt and its Capital Surpluse accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magyar Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Magyar Stock, please use our How to Invest in Magyar Bancorp guide.

Long Term Debt vs Capital Surpluse

Long Term Debt vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magyar Bancorp Long Term Debt account and Capital Surpluse. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Magyar Bancorp's Long Term Debt and Capital Surpluse is -0.38. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Magyar Bancorp, assuming nothing else is changed. The correlation between historical values of Magyar Bancorp's Long Term Debt and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Magyar Bancorp are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Long Term Debt i.e., Magyar Bancorp's Long Term Debt and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

-0.38

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Magyar Bancorp has held for over one year. Long-term debt appears on Magyar Bancorp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Magyar Bancorp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Capital Surpluse

Most indicators from Magyar Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magyar Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magyar Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Magyar Stock, please use our How to Invest in Magyar Bancorp guide.As of 11/22/2024, Selling General Administrative is likely to drop to about 824.8 K. In addition to that, Tax Provision is likely to drop to about 1.8 M

	2021	2022	2023	2024 (projected)
Interest Expense	2.5M	10.3M	9.3M	5.4M
Depreciation And Amortization	839K	840K	756K	714.8K

Interest Expense Depreciation And Amortization

Magyar Bancorp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Common Stock Total Equity
Total Assets		0.16	0.12	0.59	0.75	0.6	-0.04	-0.58	0.9	-0.62	0.69	0.58	0.46	-0.45	0.08	0.61	0.59	0.62	0.01	0.63	0.74	1.0	0.89	0.61	0.12	0.79
Short Long Term Debt Total	0.16		0.12	-0.13	-0.18	-0.34	0.47	0.35	-0.18	0.05	0.08	-0.13	0.43	0.2	0.89	0.24	-0.13	0.38	0.42	0.06	-0.18	0.21	0.22	-0.1	0.44	-0.37
Other Current Liab	0.12	0.12		-0.06	0.25	-0.16	-0.24	-0.48	0.21	-0.6	0.49	-0.03	0.33	0.06	0.23	0.53	-0.07	0.09	-0.03	-0.04	0.29	0.09	0.39	-0.01	-0.26	0.28
Total Current Liabilities	0.59	-0.13	-0.06		0.81	0.79	-0.33	-0.7	0.64	-0.56	0.78	1.0	0.43	-0.97	-0.16	0.67	1.0	0.28	-0.17	0.98	0.72	0.59	0.47	1.0	0.02	0.69
Total Stockholder Equity	0.75	-0.18	0.25	0.81		0.79	-0.24	-0.87	0.8	-0.79	0.88	0.8	0.43	-0.68	-0.22	0.74	0.8	0.52	-0.09	0.78	0.98	0.72	0.76	0.82	0.05	0.86
Other Liab	0.6	-0.34	-0.16	0.79	0.79		-0.33	-0.64	0.7	-0.64	0.58	0.76	0.02	-0.7	-0.44	0.33	0.78	0.33	-0.22	0.72	0.73	0.58	0.55	0.77	-0.08	0.73
Property Plant And Equipment Net	-0.04	0.47	-0.24	-0.33	-0.24	-0.33		0.52	-0.39	0.45	-0.34	-0.37	-0.07	0.42	0.12	-0.21	-0.32	-0.1	0.43	-0.25	-0.1	-0.01	0.12	-0.33	0.92	-0.38
Net Debt	-0.58	0.35	-0.48	-0.7	-0.87	-0.64	0.52		-0.77	0.82	-0.89	-0.72	-0.4	0.67	0.26	-0.76	-0.7	-0.33	0.28	-0.64	-0.84	-0.53	-0.61	-0.73	0.31	-0.85
Retained Earnings	0.9	-0.18	0.21	0.64	0.8	0.7	-0.39	-0.77		-0.73	0.73	0.64	0.38	-0.56	-0.16	0.59	0.64	0.52	-0.15	0.62	0.76	0.88	0.78	0.65	-0.24	0.93
Accounts Payable	-0.62	0.05	-0.6	-0.56	-0.79	-0.64	0.45	0.82	-0.73		-0.83	-0.57	-0.32	0.48	0.01	-0.68	-0.56	-0.47	0.15	-0.56	-0.76	-0.59	-0.73	-0.59	0.28	-0.74
Cash	0.69	0.08	0.49	0.78	0.88	0.58	-0.34	-0.89	0.73	-0.83		0.8	0.63	-0.71	0.12	0.94	0.78	0.51	-0.1	0.81	0.84	0.67	0.73	0.82	-0.06	0.75
Non Current Assets Total	0.58	-0.13	-0.03	1.0	0.8	0.76	-0.37	-0.72	0.64	-0.57	0.8		0.48	-0.98	-0.13	0.69	1.0	0.28	-0.15	0.98	0.71	0.57	0.45	1.0	-0.02	0.69
Non Currrent Assets Other	0.46	0.43	0.33	0.43	0.43	0.02	-0.07	-0.4	0.38	-0.32	0.63	0.48		-0.42	0.49	0.8	0.44	0.49	0.46	0.53	0.4	0.46	0.37	0.49	0.08	0.27
Other Assets	-0.45	0.2	0.06	-0.97	-0.68	-0.7	0.42	0.67	-0.56	0.48	-0.71	-0.98	-0.42		0.19	-0.61	-0.97	-0.12	0.2	-0.93	-0.58	-0.44	-0.31	-0.97	0.1	-0.62
Long Term Debt	0.08	0.89	0.23	-0.16	-0.22	-0.44	0.12	0.26	-0.16	0.01	0.12	-0.13	0.49	0.19		0.29	-0.15	0.43	0.25	0.03	-0.26	0.13	0.04	-0.12	0.08	-0.38
Cash And Short Term Investments	0.61	0.24	0.53	0.67	0.74	0.33	-0.21	-0.76	0.59	-0.68	0.94	0.69	0.8	-0.61	0.29		0.67	0.47	0.1	0.72	0.71	0.6	0.64	0.71	0.03	0.58
Net Receivables	0.59	-0.13	-0.07	1.0	0.8	0.78	-0.32	-0.7	0.64	-0.56	0.78	1.0	0.44	-0.97	-0.15	0.67		0.28	-0.17	0.98	0.71	0.58	0.46	1.0	0.02	0.68
Common Stock Shares Outstanding	0.62	0.38	0.09	0.28	0.52	0.33	-0.1	-0.33	0.52	-0.47	0.51	0.28	0.49	-0.12	0.43	0.47	0.28		0.11	0.37	0.48	0.64	0.54	0.31	0.0	0.32
Short Term Investments	0.01	0.42	-0.03	-0.17	-0.09	-0.22	0.43	0.28	-0.15	0.15	-0.1	-0.15	0.46	0.2	0.25	0.1	-0.17	0.11		-0.1	-0.06	0.03	0.05	-0.14	0.4	-0.24
Non Current Liabilities Total	0.63	0.06	-0.04	0.98	0.78	0.72	-0.25	-0.64	0.62	-0.56	0.81	0.98	0.53	-0.93	0.03	0.72	0.98	0.37	-0.1		0.69	0.64	0.51	0.98	0.09	0.63
Other Stockholder Equity	0.74	-0.18	0.29	0.72	0.98	0.73	-0.1	-0.84	0.76	-0.76	0.84	0.71	0.4	-0.58	-0.26	0.71	0.71	0.48	-0.06	0.69		0.71	0.8	0.73	0.16	0.84
Total Liab	1.0	0.21	0.09	0.59	0.72	0.58	-0.01	-0.53	0.88	-0.59	0.67	0.57	0.46	-0.44	0.13	0.6	0.58	0.64	0.03	0.64	0.71		0.87	0.6	0.14	0.74
Property Plant And Equipment Gross	0.89	0.22	0.39	0.47	0.76	0.55	0.12	-0.61	0.78	-0.73	0.73	0.45	0.37	-0.31	0.04	0.64	0.46	0.54	0.05	0.51	0.8	0.87		0.49	0.25	0.75
Total Current Assets	0.61	-0.1	-0.01	1.0	0.82	0.77	-0.33	-0.73	0.65	-0.59	0.82	1.0	0.49	-0.97	-0.12	0.71	1.0	0.31	-0.14	0.98	0.73	0.6	0.49		0.02	0.7
Property Plant Equipment	0.12	0.44	-0.26	0.02	0.05	-0.08	0.92	0.31	-0.24	0.28	-0.06	-0.02	0.08	0.1	0.08	0.03	0.02	0.0	0.4	0.09	0.16	0.14	0.25	0.02		-0.17
Common Stock Total Equity	0.79	-0.37	0.28	0.69	0.86	0.73	-0.38	-0.85	0.93	-0.74	0.75	0.69	0.27	-0.62	-0.38	0.58	0.68	0.32	-0.24	0.63	0.84	0.74	0.75	0.7	-0.17

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Magyar Bancorp Account Relationship Matchups

Magyar Bancorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	754.0M	657.8M	798.5M	907.3M	1.0B	610.6M
Short Long Term Debt Total	67.4M	23.4M	15.6M	29.5M	26.6M	30.0M
Other Current Liab	(1.4M)	1.4M	(4.8M)	(4.8M)	(4.3M)	(4.6M)
Total Current Liabilities	9.0M	9.9M	18.0M	637.7M	733.3M	770.0M
Total Stockholder Equity	56.9M	97.6M	98.5M	104.8M	120.5M	126.5M
Other Liab	3.8M	4.1M	3.2M	16.7M	15.0M	15.8M
Property Plant And Equipment Net	14.7M	14.3M	13.9M	13.3M	12.0M	13.7M
Net Debt	5.7M	(51.8M)	(15.3M)	(43.0M)	(38.7M)	(36.8M)
Retained Earnings	33.2M	39.3M	45.8M	52.2M	60.0M	30.0M
Accounts Payable	7.0M	191K	85K	443K	398.7K	378.8K
Cash	61.7M	75.2M	30.9M	72.5M	83.4M	87.6M
Non Current Assets Total	59.8M	84.9M	13.9M	749.2M	861.6M	904.6M
Non Currrent Assets Other	(3.3M)	(3.3M)	(100.9M)	(9.7M)	(11.2M)	(11.8M)
Other Assets	613.9M	481.2M	769.1M	(607.8M)	(699.0M)	(664.1M)
Long Term Debt	67.4M	23.4M	10.9M	25.1M	22.6M	27.5M
Cash And Short Term Investments	76.3M	88.1M	12.1M	72.5M	83.4M	87.6M
Net Receivables	4.0M	3.5M	3.5M	693.4M	797.4M	837.3M
Common Stock Shares Outstanding	7.1M	6.0M	6.8M	6.4M	6.3M	6.5M
Short Term Investments	14.6M	12.9M	9.2M	10.1M	9.1M	12.1M
Liabilities And Stockholders Equity	754.0M	657.8M	798.5M	907.3M	1.0B	610.6M
Non Current Liabilities Total	67.4M	23.4M	18.0M	162.3M	186.7M	196.0M
Other Stockholder Equity	25.0M	59.2M	54.8M	54.3M	62.5M	65.6M
Total Liab	697.1M	560.1M	700.0M	802.5M	922.9M	553.7M
Property Plant And Equipment Gross	28.8M	29.1M	29.4M	29.6M	34.0M	22.0M
Total Current Assets	80.3M	91.7M	15.6M	765.9M	880.8M	924.9M
Accumulated Other Comprehensive Income	(1.4M)	(947K)	(2.1M)	(1.8M)	(1.6M)	(1.7M)
Property Plant Equipment	16.2M	14.7M	14.3M	13.9M	16.0M	19.0M
Inventory	(68.4M)	(79.4M)	(34.7M)	(77.2M)	(69.5M)	(66.0M)
Net Tangible Assets	54.7M	56.9M	97.6M	98.5M	113.3M	62.7M
Retained Earnings Total Equity	28.0M	31.0M	33.2M	45.8M	52.6M	29.8M
Capital Surpluse	26.3M	26.3M	26.3M	63.7M	73.3M	77.0M
Long Term Investments	609.7M	70.6M	632.8M	96.0M	86.4M	82.0M
Non Current Liabilities Other	37.8M	38.6M	69.8M	3.4M	3.1M	2.9M
Intangible Assets	26K	12K	4K	28K	25.2K	23.9K
Other Current Assets	68.4M	79.4M	34.7M	77.2M	88.8M	93.2M
Short Long Term Debt	8.9M	10.3M	4.7M	4.4M	3.9M	3.7M
Short Term Debt	7.8M	11.5M	4.7M	4.4M	3.9M	7.5M

Pair Trading with Magyar Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magyar Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magyar Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Magyar Stock

0.71	AX	Axos Financial	Pair Corr
0.72	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.78	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Magyar Stock

0.43	TFC-PO	Truist Financial	Pair Corr
0.38	TFC-PR	Truist Financial	Pair Corr
0.38	CFG-PE	Citizens Financial	Pair Corr

The ability to find closely correlated positions to Magyar Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magyar Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magyar Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magyar Bancorp to buy it.

The correlation of Magyar Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magyar Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magyar Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Magyar Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Magyar Stock Analysis

When running Magyar Bancorp's price analysis, check to measure Magyar Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magyar Bancorp is operating at the current time. Most of Magyar Bancorp's value examination focuses on studying past and present price action to predict the probability of Magyar Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magyar Bancorp's price. Additionally, you may evaluate how the addition of Magyar Bancorp to your portfolios can decrease your overall portfolio volatility.

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