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Magic Software Enterprises Ltd. (MGIC)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Magic Software Enterprises Ltd. Balance Sheet 2024-2008 | MGIC
Brief overview of Magic Software Enterprises Ltd.'s financial position
The comparison uses five available annual reports from the 2016–2020 interval.
Assets added +41.4%, reaching $447.4 million from $316.4 million five periods earlier; annual growth near 9% remained solid.
The growth rates were balanced: assets changed +41.4%, while liabilities changed +49%.
Internal capital represents 58.2% of the balance sheet, previously 62%. This is a strong capital position.
The period ended with net cash: net debt stood at -$61.1 million. This supports financial flexibility.
The cash reserve occupies 19.7% of the balance sheet, previously 23.8%. It is one marker of short-term resilience.
Retained earnings reached $39.7 million, changing +100.4% over the period. A positive accumulated result supports equity.
Overall assessment
Magic Software Enterprises Ltd.'s balance sheet looks resilient: assets are supported by substantial equity, while debt does not overwhelm financial flexibility.
Annual Balance Sheet Magic Software Enterprises Ltd.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-85.9 M | -78.4 M | - | - | -61.1 M | -57 M | -55.1 M | -41.5 M | -39.9 M | -58.9 M | -69.2 M | -31.8 M | -37.7 M | -28.7 M | - | - | - |
Long Term Debt |
22 M | 23.1 M | - | 32.5 M | 23.6 M | 21.1 M | 25.7 M | 27.8 M | 29.8 M | 3.26 M | 490 K | 2.27 M | 12 K | 9 K | - | - | - |
Long Term Debt Current |
4.82 M | 4.41 M | - | - | 3.41 M | 3.83 M | 6.3 M | 6.77 M | 4.46 M | - | - | -1.06 M | - | - | - | - | - |
Total Non Current Liabilities |
69 M | 89.8 M | - | 77.7 M | 68.6 M | 51.1 M | 33.8 M | 69.7 M | 75.1 M | 18.4 M | 10.5 M | 9.87 M | 5.35 M | 2.74 M | 2 K | - | - |
Total Current Liabilities |
- | - | - | 108 M | 84.8 M | 66.9 M | 52.9 M | 59.2 M | 44.7 M | 28.4 M | 25.9 M | 28 M | 28.8 M | 25.7 M | 19.6 M | - | - |
Total Liabilities |
- | - | - | - | 178 M | 140 M | 114 M | 129 M | 120 M | 46.7 M | 36.5 M | 37.9 M | 34.1 M | 28.4 M | - | - | - |
Deferred Revenue |
- | - | - | 10.8 M | 8.79 M | 8.72 M | 4.86 M | 5.59 M | 3.88 M | 4.09 M | 3.43 M | 3.29 M | 4.16 M | 4.01 M | 1.53 M | - | - |
Retained Earnings |
108 M | 92.5 M | - | 43.2 M | 39.7 M | 28.4 M | 30.5 M | 25.7 M | 19.8 M | 15.7 M | 7.27 M | 430 K | -7.73 M | -20.2 M | -35.3 M | - | - |
Total Assets |
540 M | 522 M | - | 492 M | 447 M | 405 M | 362 M | 343 M | 316 M | 240 M | 224 M | 167 M | 152 M | 134 M | 112 M | - | - |
Cash and Cash Equivalents |
113 M | 106 M | 83.1 M | - | 88.1 M | 81.9 M | 87.1 M | 76.1 M | 75.3 M | 62.2 M | 72.5 M | 35.1 M | 37.7 M | - | - | - | - |
Book Value |
540 M | 522 M | - | 492 M | 269 M | 265 M | 248 M | 214 M | 197 M | 193 M | 188 M | 129 M | 118 M | 106 M | 112 M | - | - |
Total Shareholders Equity |
301 M | 291 M | 276 M | 265 M | 260 M | 265 M | 248 M | 214 M | 196 M | 191 M | 185 M | 128 M | 118 M | 105 M | 88.9 M | 57.2 M | 66.8 M |
All numbers in USD currency
Quarterly Balance Sheet Magic Software Enterprises Ltd.
| 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | 2008-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
22 M | 23.1 M | - | - | - | - | 32.5 M | - | - | - | 23.6 M | - | - | - | 21.1 M | - | - | - | 25.7 M | - | 25.5 M | - | 34.6 M | - | - | - | 34.2 M | - | - | - | 3.26 M | - | - | - | 490 K | - | - | - | 2.27 M | - | - | - | 12 K | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
69 M | 89.8 M | - | - | - | - | 77.7 M | - | - | - | 68.6 M | - | - | - | 51.1 M | - | - | - | 33.8 M | - | 40.4 M | - | 43.9 M | - | - | - | 49.1 M | - | - | - | 12.6 M | - | - | - | 5.81 M | - | - | - | 5.87 M | - | 1.88 M | - | 1.94 M | - | - | - | 744 K | - | - | - | 2 K | - | - |
Deferred Revenue |
- | - | - | - | - | - | 10.8 M | - | - | - | 8.79 M | - | - | - | 8.72 M | - | - | - | 4.86 M | - | 9.08 M | - | 5.59 M | - | - | - | 3.88 M | - | - | - | 4.09 M | - | - | - | 3.43 M | - | - | - | 3.29 M | - | 9.04 M | - | 4.16 M | - | - | - | 5.36 M | - | - | - | 1.53 M | - | - |
Retained Earnings |
108 M | 92.5 M | - | - | - | - | 43.2 M | - | - | - | 39.7 M | - | - | - | 28.4 M | - | - | - | 30.5 M | - | 30 M | - | 25.7 M | - | - | - | 19.8 M | - | - | - | 15.7 M | - | - | - | 7.27 M | - | - | - | 430 K | - | -5.12 M | - | -7.73 M | - | - | - | -20.2 M | - | - | - | -35.3 M | - | - |
Total Assets |
540 M | 522 M | - | - | - | - | 492 M | - | - | - | 447 M | - | - | - | 405 M | - | - | - | 362 M | - | 339 M | - | 343 M | - | - | - | 316 M | - | - | - | 240 M | - | - | - | 224 M | - | - | - | 167 M | - | 161 M | - | 153 M | - | - | - | 136 M | - | - | - | 112 M | - | - |
Cash and Cash Equivalents |
113 M | 106 M | 83.1 M | - | - | - | 88.1 M | - | - | - | 88.1 M | - | - | - | 81.9 M | - | - | - | 87.1 M | - | 78.2 M | - | 76.1 M | - | 87.3 M | - | 75.3 M | - | - | - | 62.2 M | - | - | - | 72.5 M | - | - | - | 35.1 M | - | - | - | 37.7 M | - | - | - | 28.7 M | - | - | - | - | - | - |
Book Value |
540 M | 522 M | - | - | - | - | 492 M | - | - | - | 447 M | - | - | - | 405 M | - | - | - | 362 M | - | 339 M | - | 343 M | - | - | - | 316 M | - | - | - | 240 M | - | - | - | 224 M | - | - | - | 167 M | - | 161 M | - | 153 M | - | - | - | 136 M | - | - | - | 112 M | - | - |
Total Shareholders Equity |
301 M | 291 M | 276 M | - | - | - | 265 M | - | - | - | 260 M | - | - | - | 248 M | - | - | - | 244 M | - | 210 M | - | 210 M | - | - | - | 196 M | - | - | - | 191 M | - | - | - | 185 M | - | - | - | 128 M | - | 120 M | - | 118 M | - | - | - | 105 M | - | - | - | 88.9 M | 57.2 M | 66.8 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Magic Software Enterprises Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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