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
Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?
Oct 26Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More Debt
Sep 01Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?
Dec 28We Think Magic Software Enterprises (NASDAQ:MGIC) Can Manage Its Debt With Ease
Aug 13Recent updates
Investors Can Find Comfort In Magic Software Enterprises' (NASDAQ:MGIC) Earnings Quality
Mar 20Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Mar 15Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Nov 10Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?
Oct 26Magic Software Enterprises (NASDAQ:MGIC) Will Pay A Larger Dividend Than Last Year At $0.327
Aug 28Is There Now An Opportunity In Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Jul 26Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?
Mar 15Is Now An Opportune Moment To Examine Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Nov 04Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More Debt
Sep 01Magic Software goes ex-dividend on Monday
Aug 26Magic Software Q2 2022 Earnings Preview
Aug 10Magic Software Continues To Create Revenue Platforms In Resilient Industries
May 15Magic Software Enterprises (NASDAQ:MGIC) Is Increasing Its Dividend To US$0.22
Mar 05Magic's Growth Strengthens Asseco Case, But Receivables Are Bloating
Mar 03Magic Software Enterprises (NASDAQ:MGIC) Might Have The Makings Of A Multi-Bagger
Feb 24Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?
Dec 28Magic Software Continues To Deliver Growth, But Consulting Model Exposed To Human Capital Risks
Dec 21Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?
Nov 03There's Been No Shortage Of Growth Recently For Magic Software Enterprises' (NASDAQ:MGIC) Returns On Capital
Oct 18Magic Software Enterprises: Benefits From Durable M&A, Digitalization And Logistics Strength
Sep 12Magic Software Enterprises' (NASDAQ:MGIC) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 15We Think Magic Software Enterprises (NASDAQ:MGIC) Can Manage Its Debt With Ease
Aug 13Magic Software EPS beats by $0.01, beats on revenue
May 10Here's How We Evaluate Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Dividend
May 04At US$16.05, Is It Time To Put Magic Software Enterprises Ltd. (NASDAQ:MGIC) On Your Watch List?
Apr 12Magic Software Enterprises (NASDAQ:MGIC) Has More To Do To Multiply In Value Going Forward
Mar 31Four Days Left To Buy Magic Software Enterprises Ltd. (NASDAQ:MGIC) Before The Ex-Dividend Date
Mar 19Do Its Financials Have Any Role To Play In Driving Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Stock Up Recently?
Mar 15Magic Software Enterprises (NASDAQ:MGIC) Has Gifted Shareholders With A Fantastic 162% Total Return On Their Investment
Mar 03Does Magic Software Enterprises' (NASDAQ:MGIC) Statutory Profit Adequately Reflect Its Underlying Profit?
Feb 19Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?
Feb 08Should Magic Software Enterprises Ltd. (NASDAQ:MGIC) Be Part Of Your Dividend Portfolio?
Jan 26What Kind Of Shareholders Hold The Majority In Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Shares?
Jan 15Financial 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).