Magyar Cash vs Other Current Liab Analysis
MGYR Stock | USD 10.85 0.12 1.09% |
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 Cash and its Other Current Liab 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.
Cash vs Other Current Liab
Cash vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magyar Bancorp Cash account and Other Current Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between Magyar Bancorp's Cash and Other Current Liab is 0.06. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Liab 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 Cash and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Magyar Bancorp are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash i.e., Magyar Bancorp's Cash and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Magyar Bancorp, which is listed under current asset account on Magyar Bancorp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Magyar Bancorp customers. The amounts must be unrestricted with restricted cash listed in a different Magyar Bancorp account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Liab
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 06/17/2024, 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 |
Magyar Bancorp fundamental ratios Correlations
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Magyar Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | (9.0M) | (9.9M) | (18.0M) | (18.4M) | (16.6M) | (15.8M) | |
Total Current Liabilities | 9.0M | 9.9M | 18.0M | 18.4M | 21.2M | 22.2M | |
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) | 26.3M | 23.7M | 15.3M | |
Retained Earnings | 33.2M | 39.3M | 45.8M | 52.2M | 60.0M | 30.0M | |
Accounts Payable | 9.0M | 9.9M | 13.3M | 14.0M | 16.1M | 17.0M | |
Cash | 61.7M | 75.2M | 30.9M | 3.2M | 3.7M | 3.5M | |
Non Current Assets Total | 59.8M | 84.9M | 13.9M | 13.3M | 12.0M | 11.4M | |
Non Currrent Assets Other | (3.3M) | (3.3M) | (100.9M) | (96.0M) | (110.4M) | (115.9M) | |
Other Assets | 613.9M | 481.2M | 769.1M | 187.2M | 215.3M | 204.6M | |
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 | 13.3M | 15.3M | 25.9M | |
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 | 7.4M | 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 | 25.1M | 22.6M | 29.3M | |
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 | 706.7M | 812.7M | 853.4M | |
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 |
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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.