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Magyar Bancorp Inc
NASDAQ MGYR
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Magyar Bancorp Inc Total Liabilities to Total Assets Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -0.76%
Magyar Bancorp Inc Total Liabilities to Total Assets Ratio 5 year CAGR is -0.76% for the Trailing 12 Months (TTM) ending March 31, 2024, a 15.58% change year over year. The total liabilities to total assets ratio measures the proportion of total liabilities to total assets. It is calculated by dividing the total liabilities by the total assets. This ratio provides insights into the company's financial leverage and the proportion of its assets financed by liabilities. A higher ratio indicates a higher level of financial risk and reliance on liabilities for asset acquisition. 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 Total Liabilities to Total Assets Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.88, a -0.64% change year over year.
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Magyar Bancorp Inc Total Liabilities to Total Assets Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.88, a -4.45% change year over year.
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Magyar Bancorp Inc Total Liabilities to Total Assets Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.92, a 1.00% change year over year.
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Magyar Bancorp Inc Total Liabilities to Total Assets Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.91, a -0.47% 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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