Magic Software Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
Magic Software Enterprises has a total shareholder equity of $296.5M and total debt of $78.4M, which brings its debt-to-equity ratio to 26.4%. Its total assets and total liabilities are $536.5M and $240.0M respectively. Magic Software Enterprises's EBIT is $56.9M making its interest coverage ratio 24.8. It has cash and short-term investments of $125.9M.
Key information
26.4%
Debt to equity ratio
US$78.39m
Debt
Interest coverage ratio | 24.8x |
Cash | US$125.85m |
Equity | US$296.49m |
Total liabilities | US$240.03m |
Total assets | US$536.52m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGK's short term assets ($273.7M) exceed its short term liabilities ($161.6M).
Long Term Liabilities: MGK's short term assets ($273.7M) exceed its long term liabilities ($78.4M).
Debt to Equity History and Analysis
Debt Level: MGK has more cash than its total debt.
Reducing Debt: MGK's debt to equity ratio has increased from 10.3% to 26.4% over the past 5 years.
Debt Coverage: MGK's debt is well covered by operating cash flow (99.4%).
Interest Coverage: MGK's interest payments on its debt are well covered by EBIT (24.8x coverage).