Magyar Cash And Short Term Investments vs Long Term Debt Analysis
MGYR Stock | USD 10.97 0.10 0.92% |
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 Short Term Investments and its Long Term Debt 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 various price indices. To learn how to invest in Magyar Stock, please use our How to Invest in Magyar Bancorp guide.
Cash And Short Term Investments vs Long Term Debt
Cash And Short Term Investments vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magyar Bancorp Cash And Short Term Investments account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Magyar Bancorp's Cash And Short Term Investments and Long Term Debt is 0.55. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Long Term Debt 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 Short Term Investments and Long Term Debt 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 And Short Term Investments of Magyar Bancorp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash And Short Term Investments i.e., Magyar Bancorp's Cash And Short Term Investments and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Magyar Bancorp balance sheet. This account contains Magyar Bancorp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Magyar Bancorp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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.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 various price indices. 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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