Magic Software Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
Magic Software Enterprises has a total shareholder equity of $290.9M and total debt of $81.2M, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are $524.4M and $233.5M respectively. Magic Software Enterprises's EBIT is $57.3M making its interest coverage ratio 13.3. It has cash and short-term investments of $107.1M.
Key information
27.9%
Debt to equity ratio
US$81.21m
Debt
Interest coverage ratio | 13.3x |
Cash | US$107.11m |
Equity | US$290.94m |
Total liabilities | US$233.48m |
Total assets | US$524.42m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGIC's short term assets ($257.3M) exceed its short term liabilities ($142.0M).
Long Term Liabilities: MGIC's short term assets ($257.3M) exceed its long term liabilities ($91.5M).
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 10.2% to 27.9% over the past 5 years.
Debt Coverage: MGIC's debt is well covered by operating cash flow (96%).
Interest Coverage: MGIC's interest payments on its debt are well covered by EBIT (13.3x coverage).