Magyar Bancorp (MGYR) Debt Ratio (2010 - 2024)

Magyar Bancorp has reported Debt Ratio for 14 years, with the latest figure at 0.03 in Q2 2024.

• For the quarter ending Q2 2024, Debt Ratio fell 43.03% year-over-year to 0.03; the trailing twelve-month figure through Jun 2024 stood at 0.03 (down 43.03% YoY), and the FY2023 full-year result was 0.03, up 66.25% from the prior year.
• Debt Ratio for Q2 2024 stood at 0.03, down from 0.03 in the prior quarter.
• The five-year high for Debt Ratio was 0.18 in Q3 2020, with the low at 0.02 in Q2 2022.
• Historically, Debt Ratio has averaged 0.05 across 5 years, with a median of 0.03 in 2022.
• Annual changes were most pronounced in 2022 — Debt Ratio slumped 67.58% — and 2023, when it soared 174.71%.
• Magyar Bancorp's Debt Ratio stood at 0.08 in 2020, then slumped by 66.32% to 0.03 in 2021, then soared by 32.25% to 0.04 in 2022, then decreased by 13.18% to 0.03 in 2023, then declined by 3.69% to 0.03 in 2024.
• The last three Debt Ratio figures came in at 0.03 (Q2 2024), 0.03 (Q1 2024), and 0.03 (Q4 2023), per Business Quant data.