Magyar Bancorp (MGYR) Debt to Equity (2010 - 2024)
Magyar Bancorp (MGYR) reported Debt to Equity of $0.26 for Q2 2024, down 40.87% on a YoY basis from $0.44 in Q3 2023, and down 2.07% quarter-over-quarter from $0.27 in Q1 2024.
Magyar Bancorp (MGYR) Debt to Equity (2010 - 2024) Analysis & Trends
Magyar Bancorp has reported Debt to Equity for 14 years, with the latest figure at $0.26 in Q2 2024.
- For the quarter ending Q2 2024, Debt to Equity fell 40.87% year-over-year to $0.26; the trailing twelve-month figure through Jun 2024 stood at $0.26 (down 40.87% YoY), and the FY2023 full-year result was $0.28, up 77.56% from the prior year.
- Debt to Equity for Q2 2024 stood at $0.26, down from $0.27 in the prior quarter.
- The five-year high for Debt to Equity was $2.37 in Q3 2020, with the low at $0.15 in Q2 2022.
- Historically, Debt to Equity has averaged $0.54 across 5 years, with a median of $0.29 in 2022.
- Annual changes were most pronounced in 2021 — Debt to Equity sank 79.83% — and 2023, when it jumped 192.77%.
- Magyar Bancorp's Debt to Equity stood at $1.04 in 2020, then tumbled by 79.05% to $0.22 in 2021, then soared by 37.13% to $0.3 in 2022, then decreased by 9.15% to $0.27 in 2023, then slipped by 3.07% to $0.26 in 2024.
- The last three Debt to Equity figures came in at $0.26 (Q2 2024), $0.27 (Q1 2024), and $0.27 (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | 3.41 |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | 0.66 |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | - |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | - |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 0.13 |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | 1.61 |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | 0.19 |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | 3.81 |
| 10 | Magyar Bancorp | 107.00 Mn | 59.36 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 0.26 |
| Mar 31, 2024 | 0.27 |
| Dec 31, 2023 | 0.27 |
| Sep 30, 2023 | 0.28 |
| Jun 30, 2023 | 0.44 |
| Mar 31, 2023 | 0.25 |
| Dec 31, 2022 | 0.30 |
| Sep 30, 2022 | 0.16 |
| Jun 30, 2022 | 0.15 |
| Mar 31, 2022 | 0.19 |
| Dec 31, 2021 | 0.22 |
| Sep 30, 2021 | 0.48 |
| Jun 30, 2021 | 0.51 |
| Mar 31, 2021 | 0.77 |
| Dec 31, 2020 | 1.04 |
| Sep 30, 2020 | 2.37 |
| Jun 30, 2020 | 1.19 |
| Mar 31, 2020 | 0.56 |
| Dec 31, 2019 | 0.55 |
| Sep 30, 2019 | 1.32 |