Magic Software Enterprises Ltd.

NasdaqGS:MGIC Stock Report

Market Cap: US$584.2m

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 ratio13.3x
CashUS$107.11m
EquityUS$290.94m
Total liabilitiesUS$233.48m
Total assetsUS$524.42m

Recent financial health updates

Recent updates

Investors Can Find Comfort In Magic Software Enterprises' (NASDAQ:MGIC) Earnings Quality

Mar 20
Investors Can Find Comfort In Magic Software Enterprises' (NASDAQ:MGIC) Earnings Quality

Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?

Mar 15
Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?

Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?

Nov 10
Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?

Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?

Oct 26
Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?

Magic Software Enterprises (NASDAQ:MGIC) Will Pay A Larger Dividend Than Last Year At $0.327

Aug 28
Magic Software Enterprises (NASDAQ:MGIC) Will Pay A Larger Dividend Than Last Year At $0.327

Is There Now An Opportunity In Magic Software Enterprises Ltd. (NASDAQ:MGIC)?

Jul 26
Is There Now An Opportunity In Magic Software Enterprises Ltd. (NASDAQ:MGIC)?

Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?

Mar 15
Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?

Is Now An Opportune Moment To Examine Magic Software Enterprises Ltd. (NASDAQ:MGIC)?

Nov 04
Is Now An Opportune Moment To Examine Magic Software Enterprises Ltd. (NASDAQ:MGIC)?

Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More Debt

Sep 01
Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More Debt

Magic Software goes ex-dividend on Monday

Aug 26

Magic Software Q2 2022 Earnings Preview

Aug 10

Magic Software Continues To Create Revenue Platforms In Resilient Industries

May 15

Magic Software Enterprises (NASDAQ:MGIC) Is Increasing Its Dividend To US$0.22

Mar 05
Magic Software Enterprises (NASDAQ:MGIC) Is Increasing Its Dividend To US$0.22

Magic's Growth Strengthens Asseco Case, But Receivables Are Bloating

Mar 03

Magic Software Enterprises (NASDAQ:MGIC) Might Have The Makings Of A Multi-Bagger

Feb 24
Magic Software Enterprises (NASDAQ:MGIC) Might Have The Makings Of A Multi-Bagger

Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?

Dec 28
Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?

Magic Software Continues To Deliver Growth, But Consulting Model Exposed To Human Capital Risks

Dec 21

Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?

Nov 03
Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?

There's Been No Shortage Of Growth Recently For Magic Software Enterprises' (NASDAQ:MGIC) Returns On Capital

Oct 18
There's Been No Shortage Of Growth Recently For Magic Software Enterprises' (NASDAQ:MGIC) Returns On Capital

Magic Software Enterprises: Benefits From Durable M&A, Digitalization And Logistics Strength

Sep 12

Magic Software Enterprises' (NASDAQ:MGIC) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 15
Magic Software Enterprises' (NASDAQ:MGIC) Shareholders Will Receive A Bigger Dividend Than Last Year

We Think Magic Software Enterprises (NASDAQ:MGIC) Can Manage Its Debt With Ease

Aug 13
We Think Magic Software Enterprises (NASDAQ:MGIC) Can Manage Its Debt With Ease

Magic Software EPS beats by $0.01, beats on revenue

May 10

Here's How We Evaluate Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Dividend

May 04
Here's How We Evaluate Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Dividend

At US$16.05, Is It Time To Put Magic Software Enterprises Ltd. (NASDAQ:MGIC) On Your Watch List?

Apr 12
At US$16.05, Is It Time To Put Magic Software Enterprises Ltd. (NASDAQ:MGIC) On Your Watch List?

Magic Software Enterprises (NASDAQ:MGIC) Has More To Do To Multiply In Value Going Forward

Mar 31
Magic Software Enterprises (NASDAQ:MGIC) Has More To Do To Multiply In Value Going Forward

Four Days Left To Buy Magic Software Enterprises Ltd. (NASDAQ:MGIC) Before The Ex-Dividend Date

Mar 19
Four Days Left To Buy Magic Software Enterprises Ltd. (NASDAQ:MGIC) Before The Ex-Dividend Date

Do Its Financials Have Any Role To Play In Driving Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Stock Up Recently?

Mar 15
Do Its Financials Have Any Role To Play In Driving Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Stock Up Recently?

Magic Software Enterprises (NASDAQ:MGIC) Has Gifted Shareholders With A Fantastic 162% Total Return On Their Investment

Mar 03
Magic Software Enterprises (NASDAQ:MGIC) Has Gifted Shareholders With A Fantastic 162% Total Return On Their Investment

Does Magic Software Enterprises' (NASDAQ:MGIC) Statutory Profit Adequately Reflect Its Underlying Profit?

Feb 19
Does Magic Software Enterprises' (NASDAQ:MGIC) Statutory Profit Adequately Reflect Its Underlying Profit?

Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?

Feb 08
Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?

Should Magic Software Enterprises Ltd. (NASDAQ:MGIC) Be Part Of Your Dividend Portfolio?

Jan 26
Should Magic Software Enterprises Ltd. (NASDAQ:MGIC) Be Part Of Your Dividend Portfolio?

What Kind Of Shareholders Hold The Majority In Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Shares?

Jan 15
What Kind Of Shareholders Hold The Majority In Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Shares?

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).


Balance Sheet


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