Magic Software Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
Magic Software Enterprises has a total shareholder equity of $304.6M and total debt of $65.8M, which brings its debt-to-equity ratio to 21.6%. Its total assets and total liabilities are $526.3M and $221.7M respectively. Magic Software Enterprises's EBIT is $57.8M making its interest coverage ratio 22. It has cash and short-term investments of $99.7M.
Key information
21.6%
Debt to equity ratio
US$65.76m
Debt
| Interest coverage ratio | 22x |
| Cash | US$99.68m |
| Equity | US$304.55m |
| Total liabilities | US$221.74m |
| Total assets | US$526.29m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGIC's short term assets ($261.9M) exceed its short term liabilities ($149.1M).
Long Term Liabilities: MGIC's short term assets ($261.9M) exceed its long term liabilities ($72.6M).
Debt to Equity History and Analysis
Debt Level: MGIC has more cash than its total debt.
Reducing Debt: MGIC's debt to equity ratio has increased from 10% to 21.6% over the past 5 years.
Debt Coverage: MGIC's debt is well covered by operating cash flow (80%).
Interest Coverage: MGIC's interest payments on its debt are well covered by EBIT (22x coverage).