Magyar Non Currrent Assets Other vs Long Term Debt Analysis

MGYR Stock

USD 10.98 0.08 0.73%

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 Non Currrent Assets Other 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 signals in manufacturing.

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

Non Currrent Assets Other vs Long Term Debt

Non Currrent Assets Other 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 Non Currrent Assets Other account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Magyar Bancorp's Non Currrent Assets Other and Long Term Debt is 0.58. Overlapping area represents the amount of variation of Non Currrent Assets Other 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 Non Currrent Assets Other 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 Non Currrent Assets Other 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 Non Currrent Assets Other i.e., Magyar Bancorp's Non Currrent Assets Other and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

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Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

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 signals in manufacturing.

To learn how to invest in Magyar Stock, please use our How to Invest in Magyar Bancorp guide.As of 06/09/2024, 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	-0.78	0.73	0.75	0.6	-0.04	0.04	0.9	0.74	0.07	-0.34	-0.2	-0.05	0.08	0.08	0.59	0.79	0.01	0.14	0.74	1.0	0.89	0.61	0.12	0.79
Short Long Term Debt Total	0.16		0.21	-0.2	-0.18	-0.34	0.47	0.31	-0.18	-0.13	0.31	0.02	0.51	0.31	0.89	0.46	-0.13	0.29	0.42	0.98	-0.18	0.21	0.22	-0.1	0.44	-0.37
Other Current Liab	-0.78	0.21		-0.97	-0.92	-0.92	0.36	0.12	-0.87	-0.96	0.06	0.35	0.53	0.28	0.24	0.13	-0.75	-0.65	0.19	0.21	-0.87	-0.75	-0.74	-0.76	0.13	-0.84
Total Current Liabilities	0.73	-0.2	-0.97		0.95	0.91	-0.36	-0.04	0.8	0.99	-0.15	-0.39	-0.6	-0.39	-0.22	-0.16	0.85	0.65	-0.2	-0.2	0.89	0.71	0.69	0.86	-0.06	0.83
Total Stockholder Equity	0.75	-0.18	-0.92	0.95		0.79	-0.24	-0.19	0.8	0.96	0.01	-0.31	-0.43	-0.33	-0.22	0.04	0.8	0.63	-0.09	-0.18	0.98	0.72	0.76	0.82	0.05	0.86
Other Liab	0.6	-0.34	-0.92	0.91	0.79		-0.33	0.13	0.7	0.86	-0.39	-0.52	-0.77	-0.4	-0.44	-0.46	0.78	0.44	-0.22	-0.38	0.73	0.58	0.55	0.77	-0.08	0.73
Property Plant And Equipment Net	-0.04	0.47	0.36	-0.36	-0.24	-0.33		0.28	-0.39	-0.35	0.03	-0.39	0.27	0.54	0.12	0.1	-0.32	-0.18	0.43	0.41	-0.1	-0.01	0.12	-0.33	0.92	-0.38
Net Debt	0.04	0.31	0.12	-0.04	-0.19	0.13	0.28		-0.15	-0.1	-0.8	-0.5	-0.29	-0.29	0.14	-0.62	0.3	-0.01	0.13	0.2	-0.26	0.09	-0.18	0.26	0.37	-0.24
Retained Earnings	0.9	-0.18	-0.87	0.8	0.8	0.7	-0.39	-0.15		0.81	0.05	-0.15	-0.31	-0.26	-0.16	-0.01	0.64	0.72	-0.15	-0.18	0.76	0.88	0.78	0.66	-0.24	0.93
Accounts Payable	0.74	-0.13	-0.96	0.99	0.96	0.86	-0.35	-0.1	0.81		-0.05	-0.32	-0.51	-0.38	-0.15	-0.04	0.84	0.68	-0.17	-0.13	0.9	0.72	0.72	0.85	-0.06	0.83
Cash	0.07	0.31	0.06	-0.15	0.01	-0.39	0.03	-0.8	0.05	-0.05		0.53	0.64	0.52	0.4	0.89	-0.45	0.17	0.13	0.4	0.09	0.05	0.31	-0.39	-0.13	0.0
Non Current Assets Total	-0.34	0.02	0.35	-0.39	-0.31	-0.52	-0.39	-0.5	-0.15	-0.32	0.53		0.72	0.01	0.28	0.57	-0.42	-0.12	0.33	0.09	-0.33	-0.35	-0.32	-0.37	-0.55	-0.22
Non Currrent Assets Other	-0.2	0.51	0.53	-0.6	-0.43	-0.77	0.27	-0.29	-0.31	-0.51	0.64	0.72		0.46	0.58	0.74	-0.63	-0.01	0.57	0.56	-0.37	-0.18	-0.14	-0.58	0.04	-0.45
Other Assets	-0.05	0.31	0.28	-0.39	-0.33	-0.4	0.54	-0.29	-0.26	-0.38	0.52	0.01	0.46		0.22	0.33	-0.74	0.04	0.21	0.39	-0.21	-0.03	0.07	-0.73	0.31	-0.35
Long Term Debt	0.08	0.89	0.24	-0.22	-0.22	-0.44	0.12	0.14	-0.16	-0.15	0.4	0.28	0.58	0.22		0.55	-0.15	0.32	0.25	0.94	-0.26	0.13	0.04	-0.11	0.08	-0.38
Cash And Short Term Investments	0.08	0.46	0.13	-0.16	0.04	-0.46	0.1	-0.62	-0.01	-0.04	0.89	0.57	0.74	0.33	0.55		-0.28	0.18	0.34	0.52	0.1	0.07	0.26	-0.21	0.03	-0.07
Net Receivables	0.59	-0.13	-0.75	0.85	0.8	0.78	-0.32	0.3	0.64	0.84	-0.45	-0.42	-0.63	-0.74	-0.15	-0.28		0.46	-0.17	-0.19	0.71	0.58	0.46	1.0	0.02	0.68
Common Stock Shares Outstanding	0.79	0.29	-0.65	0.65	0.63	0.44	-0.18	-0.01	0.72	0.68	0.17	-0.12	-0.01	0.04	0.32	0.18	0.46		0.03	0.33	0.58	0.8	0.66	0.49	-0.01	0.57
Short Term Investments	0.01	0.42	0.19	-0.2	-0.09	-0.22	0.43	0.13	-0.15	-0.17	0.13	0.33	0.57	0.21	0.25	0.34	-0.17	0.03		0.39	-0.06	0.03	0.05	-0.14	0.4	-0.24
Non Current Liabilities Total	0.14	0.98	0.21	-0.2	-0.18	-0.38	0.41	0.2	-0.18	-0.13	0.4	0.09	0.56	0.39	0.94	0.52	-0.19	0.33	0.39		-0.18	0.19	0.19	-0.15	0.36	-0.39
Other Stockholder Equity	0.74	-0.18	-0.87	0.89	0.98	0.73	-0.1	-0.26	0.76	0.9	0.09	-0.33	-0.37	-0.21	-0.26	0.1	0.71	0.58	-0.06	-0.18		0.71	0.8	0.74	0.16	0.84
Total Liab	1.0	0.21	-0.75	0.71	0.72	0.58	-0.01	0.09	0.88	0.72	0.05	-0.35	-0.18	-0.03	0.13	0.07	0.58	0.8	0.03	0.19	0.71		0.87	0.6	0.14	0.74
Property Plant And Equipment Gross	0.89	0.22	-0.74	0.69	0.76	0.55	0.12	-0.18	0.78	0.72	0.31	-0.32	-0.14	0.07	0.04	0.26	0.46	0.66	0.05	0.19	0.8	0.87		0.5	0.25	0.75
Total Current Assets	0.61	-0.1	-0.76	0.86	0.82	0.77	-0.33	0.26	0.66	0.85	-0.39	-0.37	-0.58	-0.73	-0.11	-0.21	1.0	0.49	-0.14	-0.15	0.74	0.6	0.5		0.02	0.7
Property Plant Equipment	0.12	0.44	0.13	-0.06	0.05	-0.08	0.92	0.37	-0.24	-0.06	-0.13	-0.55	0.04	0.31	0.08	0.03	0.02	-0.01	0.4	0.36	0.16	0.14	0.25	0.02		-0.17
Common Stock Total Equity	0.79	-0.37	-0.84	0.83	0.86	0.73	-0.38	-0.24	0.93	0.83	0.0	-0.22	-0.45	-0.35	-0.38	-0.07	0.68	0.57	-0.24	-0.39	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	(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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Magyar Non Currrent Assets Other vs Long Term Debt Analysis

Non Currrent Assets Other vs Long Term Debt

Non Currrent Assets Other vs Long Term Debt Correlation Analysis

Correlation Coefficient

Non Currrent Assets Other

Long Term Debt

Magyar Bancorp fundamental ratios Correlations

Magyar Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Magyar Bancorp fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Magyar Stock Analysis

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Net Receivables
Accounts Payable	+ 0.99	Total Current Liabilities
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Other Stockholder Equity	+ 0.98	Total Stockholder Equity
Accounts Payable	+ 0.96	Total Stockholder Equity

Total Current Liabilities	- 0.97	Other Current Liab
Accounts Payable	- 0.96	Other Current Liab
Other Liab	- 0.92	Other Current Liab
Total Stockholder Equity	- 0.92	Other Current Liab
Other Stockholder Equity	- 0.87	Other Current Liab
Retained Earnings	- 0.87	Other Current Liab