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Magyar Bancorp Inc
NASDAQ MGYR
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Magyar Bancorp Inc Debt to Asset Ratio 3 year CAGR for the Trailing 12 Months (TTM) ending June 30, 2023: -19.72%
Magyar Bancorp Inc Debt to Asset Ratio 3 year CAGR is -19.72% for the Trailing 12 Months (TTM) ending June 30, 2023, a -208.24% change year over year. The debt to asset ratio measures the proportion of a company's total assets that are financed by debt. It is calculated by dividing total debt by total assets. This ratio indicates the extent to which a company relies on debt financing to support its asset base. A higher ratio suggests a higher level of leverage and potential financial risk. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
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Magyar Bancorp Inc Debt to Asset Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.05, a -25.84% change year over year.
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Magyar Bancorp Inc Debt to Asset Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.06, a -51.62% change year over year.
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Magyar Bancorp Inc Debt to Asset Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.13, a 80.84% change year over year.
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Magyar Bancorp Inc Debt to Asset Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.07, a -31.47% change year over year.
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NASDAQ: MGYR
| CEO | Mr. John S. Fitzgerald |
| IPO Date | Jan. 24, 2006 |
| Location | United States |
| Headquarters | 400 Somerset Street, New Brunswick, NJ, United States, 08901 |
| Employees | 89 |
| Sector | Financial Services |
| Industry | Banks - regional |
Description
Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.
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StockViz Staff
September 19, 2024
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