Magyar Historical Balance Sheet

MGYR Stock

USD 13.25 0.01 0.08%

Trend analysis of Magyar Bancorp balance sheet accounts such as Total Stockholder Equity of 126.5 M provides information on Magyar Bancorp's total assets, liabilities, and equity, which is the actual value of Magyar Bancorp to its prevalent stockholders. By breaking down trends over time using Magyar Bancorp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Magyar Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Magyar Bancorp is a good buy for the upcoming year.

Magyar Bancorp Inventory

(66 Million)

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.

About Magyar Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Magyar Bancorp at a specified time, usually calculated after every quarter, six months, or one year. Magyar Bancorp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Magyar Bancorp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Magyar currently owns. An asset can also be divided into two categories, current and non-current.

Magyar Bancorp Balance Sheet Chart

At this time, Magyar Bancorp's Long Term Debt is relatively stable compared to the past year. As of 11/26/2024, Cash And Short Term Investments is likely to grow to about 87.6 M, while Other Current Liabilities is likely to drop (4.6 M).

Total Assets Short Long Term Debt Total Total Current Liabilities Total Stockholder Equity

Add Fundamental

Total Assets

Total assets refers to the total amount of Magyar Bancorp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Magyar Bancorp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Magyar Bancorp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Magyar Bancorp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most accounts from Magyar Bancorp's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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.At this time, Magyar Bancorp's Long Term Debt is relatively stable compared to the past year. As of 11/26/2024, Cash And Short Term Investments is likely to grow to about 87.6 M, while Other Current Liabilities is likely to drop (4.6 M).

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	15.6M	29.5M	26.6M	30.0M
Total Assets	798.5M	907.3M	1.0B	610.6M

Short Long Term Debt Total Total Assets

Magyar Bancorp balance sheet 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 balance sheet 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

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

Moving against Magyar Stock

0.47	TFC-PO	Truist Financial	Pair Corr
0.45	CFG-PE	Citizens Financial	Pair Corr
0.43	TFC-PR	Truist 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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Magyar Historical Balance Sheet

Magyar Bancorp Inventory

(66 Million)

About Magyar Balance Sheet Analysis

Magyar Bancorp Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Magyar Bancorp balance sheet Correlations

Magyar Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Magyar Bancorp balance sheet Accounts

Pair Trading with Magyar Bancorp

Moving together with Magyar Stock

Moving against Magyar Stock

Additional Tools for Magyar Stock Analysis

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Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Current Liabilities
Net Receivables	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Net Receivables	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Non Current Assets Total

Other Assets	- 0.98	Non Current Assets Total
Total Current Assets	- 0.97	Other Assets
Net Receivables	- 0.97	Other Assets
Other Assets	- 0.97	Total Current Liabilities
Non Current Liabilities Total	- 0.93	Other Assets
Cash	- 0.89	Net Debt