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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 16:41 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Magic Software Enterprises Ltd. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tavy Rosner | Barclays |
| Kevin Dede | H.C. Wainwright & Co. |
| Bradley Sills | Maxim Group |