Magic Software Enterprises Ltd. (MGIC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 285.18M | 265.75M | 270.21M | 276.2M | 261.92M | 261.58M | 273.75M | 256.63M | 241.99M | 259.05M | 270.42M | 250.98M | 243.13M | 246.8M | 273.98M | 246.78M | 232.81M | 232.69M | 224.33M | 211.23M |
| Cash & Short-Term Investments | 103.31M | 89.96M | 105.02M | 120.4M | 99.68M | 108.36M | 125.85M | 106.69M | 107.05M | 106.02M | 106.41M | 86.97M | 87.69M | 92.32M | 112.39M | 94.82M | 98.62M | 104.27M | 99.04M | 89.65M |
| Cash Only | 103.3M | 89.96M | 104.58M | 112.78M | 98.94M | 107.64M | 125.8M | 105.94M | 105.7M | 104.62M | 102.51M | 83.06M | 82.76M | 88.25M | 110.65M | 88.09M | 97.16M | 102.77M | 97.56M | 88.13M |
| Short-Term Investments | 2K | 0 | 431K | 7.62M | 739K | 722K | 49K | 751K | 1.35M | 1.41M | 3.9M | 3.9M | 4.93M | 4.07M | 1.74M | 5.59M | 1.46M | 1.5M | 1.47M | 1.53M |
| Accounts Receivable | 181.87M | 175.79M | 144.1M | 149.78M | 143.11M | 132.83M | 126.33M | 139.56M | 121.31M | 134.25M | 149.34M | 155.22M | 143.78M | 143.35M | 151.03M | 145.7M | 123.17M | 118.49M | 113.87M | 114.68M |
| Days Sales Outstanding | 410.65 | 423.14 | 356.99 | 383.43 | 365.36 | 355.83 | 352.74 | 405.76 | 341.97 | 356.16 | 382.67 | 385.02 | 364.53 | 381.98 | 397.44 | 399.85 | 371.94 | 362.96 | 387.35 | 400.27 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.58M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 21.09M | 0 | 19.13M | 20.39M | 21.57M | 4.76M | 13.63M | 18.77M | 14.67M | 6.74M | 11.66M | 11.12M | 10.56M | 1.68M | 11.02M | 9.93M | 11.42M | 3.62M |
| Total Non-Current Assets | 274.63M | 275.9M | 263.9M | 264.13M | 264.38M | 265.38M | 262.77M | 265.78M | 260.23M | 270.71M | 250.62M | 259.99M | 253.36M | 247.65M | 267.18M | 245.27M | 238.25M | 242.82M | 230.68M | 232.1M |
| Property, Plant & Equipment | 32.47M | 33.79M | 31.68M | 32.17M | 31.97M | 32.54M | 31.93M | 33.71M | 30.96M | 32.54M | 34.46M | 36.53M | 32.09M | 30.94M | 28.64M | 30.17M | 28.04M | 29.16M | 30.1M | 30.5M |
| Fixed Asset Turnover | 4.98x | 4.49x | 4.65x | 4.43x | 4.47x | 4.19x | 4.09x | 3.72x | 4.18x | 4.23x | 4.13x | 4.03x | 4.49x | 4.43x | 4.84x | 4.41x | 4.31x | 4.09x | 3.56x | 3.43x |
| Goodwill | 0 | 182.15M | 0 | 172.51M | 0 | 0 | 0 | 166.06M | 0 | 0 | 0 | 158.7M | 0 | 0 | 0 | 146.8M | 0 | 0 | 0 | 135.68M |
| Intangible Assets | 225.7M | 44.04M | 218.1M | 45.29M | 218.61M | 217.81M | 212.32M | 50.66M | 212.02M | 226.65M | 205.75M | 52.06M | 211.95M | 206.81M | 220.81M | 51.39M | 196.51M | 198.2M | 185.31M | 53.4M |
| Long-Term Investments | 0 | 10.18M | 0 | 0 | 0 | 7.8M | 7.73M | 8.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10.93M | 0 | 8.82M | 9.26M | 8.26M | 0 | 0 | 0 | 0 | 0 | 0 | 2.34M | 2.69M | 3.11M | 4.58M | 3.65M | 6.41M | 6.24M | 6.25M | 10.18M |
| Total Assets | 559.81M | 541.65M | 534.11M | 540.33M | 526.29M | 526.96M | 536.52M | 522.41M | 502.22M | 529.76M | 521.04M | 510.97M | 496.49M | 494.45M | 541.16M | 492.05M | 471.06M | 475.51M | 455.01M | 443.32M |
| Asset Turnover | 0.29x | 0.28x | 0.28x | 0.26x | 0.27x | 0.26x | 0.24x | 0.24x | 0.26x | 0.26x | 0.27x | 0.29x | 0.29x | 0.28x | 0.26x | 0.27x | 0.26x | 0.25x | 0.24x | 0.24x |
| Asset Growth % | 6.37% | 2.79% | -0.45% | 3.43% | 4.79% | -0.53% | 2.97% | 2.24% | 1.16% | 7.14% | -3.72% | 3.85% | 5.4% | 3.98% | 18.93% | 10.99% | 11.49% | 17.42% | 17.47% | 8.8% |
| Total Current Liabilities | 192.76M | 165.3M | 178.51M | 170.31M | 149.1M | 157.76M | 161.58M | 141.7M | 137.45M | 147.93M | 172.12M | 156.05M | 123.23M | 106.7M | 138.98M | 106.25M | 95.64M | 96.94M | 103.57M | 84.83M |
| Accounts Payable | 34.59M | 25.36M | 30.06M | 28.75M | 27.81M | 29.59M | 27.13M | 28.41M | 24.32M | 25.74M | 28.61M | 27.6M | 25.24M | 22.99M | 26.99M | 24.71M | 18.87M | 19.81M | 14.86M | 14.25M |
| Days Payables Outstanding | 107.51 | 84.71 | 102.82 | 104.29 | 98.27 | 110.88 | 105.31 | 117.08 | 95.81 | 96.58 | 100.83 | 95.64 | 88.06 | 83.58 | 97.42 | 94.32 | 78.05 | 83.73 | 70.32 | 70.58 |
| Short-Term Debt | 34.87M | 28.53M | 23.94M | 23.19M | 27.02M | 25.89M | 36.76M | 28.94M | 30.82M | 30.93M | 26.2M | 20.75M | 21.38M | 19.7M | 20.83M | 17.11M | 15.35M | 12.38M | 11.1M | 11.53M |
| Deferred Revenue (Current) | 18.12M | 23.8M | 0 | 21.03M | 19.18M | 20.95M | 21.81M | 13.54M | 10.78M | 14.14M | 17.11M | 9.81M | 11M | 13.22M | 16.81M | 10.77M | 9.82M | 12.75M | 13.67M | 8.79M |
| Other Current Liabilities | 27.16M | 27.09M | 66.34M | 34.31M | 21.72M | 21.64M | 25.91M | 24.91M | 27.54M | 28.39M | 40.18M | 46.46M | 15.86M | 6.16M | 13.54M | 5.3M | 4.88M | 5.04M | 4.92M | 18.28M |
| Current Ratio | 1.48x | 1.61x | 1.51x | 1.62x | 1.76x | 1.66x | 1.69x | 1.81x | 1.76x | 1.75x | 1.57x | 1.61x | 1.97x | 2.31x | 1.97x | 2.32x | 2.43x | 2.40x | 2.17x | 2.49x |
| Quick Ratio | 1.48x | 1.61x | 1.51x | 1.62x | 1.76x | 1.66x | 1.69x | 1.81x | 1.76x | 1.75x | 1.57x | 1.65x | 1.97x | 2.31x | 1.97x | 2.32x | 2.43x | 2.40x | 2.17x | 2.53x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 66.21M | 74.06M | 62.55M | 68.96M | 72.64M | 75.15M | 78.45M | 89.76M | 94.95M | 94.22M | 79.85M | 73.06M | 83.55M | 91.91M | 100.34M | 80.94M | 80.9M | 80.22M | 63.84M | 68.57M |
| Long-Term Debt | 34.34M | 41.57M | 32.37M | 36.11M | 38.74M | 38.97M | 41.63M | 52.27M | 57.04M | 58.66M | 41.24M | 30.41M | 37.73M | 36.78M | 39.17M | 20.16M | 27.74M | 24.8M | 11.91M | 13.35M |
| Capital Lease Obligations | 22.44M | 23.33M | 21.05M | 22.04M | 22.21M | 22.49M | 20.07M | 23.1M | 21.17M | 21.8M | 23.23M | 24.28M | 21.54M | 21.16M | 19.84M | 21.91M | 19.68M | 19.71M | 20.2M | 21.11M |
| Deferred Tax Liabilities | 8.02M | 7.85M | 7.94M | 7.85M | 8.89M | 10.97M | 14.58M | 11.61M | 12.7M | 10.66M | 12.36M | 10.34M | 11.27M | 13.02M | 17.77M | 18.11M | 14.31M | 17.81M | 16.88M | 17.64M |
| Other Non-Current Liabilities | 1.42M | 1.31M | 1.2M | 2.96M | 2.79M | 2.72M | 2.17M | 2.79M | 1.98M | 991K | 3.02M | 7.4M | 13.02M | 20.95M | 23.57M | 20.93M | 13.68M | 12.59M | 9.55M | 16.47M |
| Total Liabilities | 258.98M | 239.35M | 241.07M | 239.26M | 221.74M | 232.91M | 240.03M | 231.46M | 232.4M | 242.15M | 251.97M | 205.7M | 206.78M | 198.61M | 239.32M | 185.94M | 176.54M | 177.17M | 167.41M | 149.34M |
| Total Debt | 95.89M | 97.97M | 82.12M | 86.15M | 92.34M | 91.75M | 104.44M | 108.72M | 112.87M | 115.7M | 95.2M | 79.79M | 84.32M | 81.11M | 83.47M | 62.1M | 66M | 60.45M | 47.08M | 49.4M |
| Net Debt | -7.42M | 8.01M | -22.46M | -26.63M | -6.6M | -15.89M | -21.36M | 2.77M | 7.17M | 11.09M | -7.3M | -3.27M | 1.56M | -7.15M | -27.17M | -25.99M | -31.16M | -42.33M | -50.48M | -38.72M |
| Debt / Equity | 0.32x | 0.32x | 0.28x | 0.29x | 0.30x | 0.31x | 0.35x | 0.37x | 0.42x | 0.40x | 0.35x | 0.26x | 0.29x | 0.27x | 0.28x | 0.20x | 0.22x | 0.20x | 0.16x | 0.17x |
| Debt / EBITDA | 4.35x | 4.59x | 3.91x | 3.89x | 4.54x | 4.53x | 5.41x | 6.05x | 5.99x | 5.70x | 4.67x | 3.47x | 4.31x | 4.22x | 4.22x | 3.41x | 4.12x | 3.73x | 3.00x | 3.34x |
| Net Debt / EBITDA | -0.34x | 0.37x | -1.07x | -1.20x | -0.32x | -0.78x | -1.11x | 0.15x | 0.38x | 0.55x | -0.36x | -0.14x | 0.08x | -0.37x | -1.37x | -1.43x | -1.95x | -2.62x | -3.21x | -2.61x |
| Interest Coverage | 10.08x | 21.58x | 14.78x | 8.35x | 11.05x | 12.18x | 8.21x | 6.89x | 8.08x | 48.89x | 27.21x | 14.14x | 18.73x | 27.75x | 19.58x | - | 11.21x | 9.73x | 17.22x | - |
| Total Equity | 300.83M | 302.3M | 293.04M | 301.07M | 304.55M | 294.06M | 296.49M | 290.94M | 269.82M | 287.61M | 269.07M | 305.27M | 289.7M | 295.84M | 301.83M | 306.1M | 294.52M | 298.34M | 287.6M | 293.98M |
| Equity Growth % | -1.22% | 2.8% | -1.16% | 3.48% | 12.87% | 2.24% | 10.19% | -4.69% | -6.86% | -2.78% | -10.86% | -0.27% | -1.64% | -0.84% | 4.95% | 4.12% | 6.15% | 8.89% | 5.19% | 2.57% |
| Book Value per Share | 6.13 | 6.16 | 5.97 | 6.13 | 6.20 | 5.99 | 6.04 | 5.93 | 5.49 | 5.85 | 5.48 | 6.21 | 5.90 | 6.02 | 6.15 | 6.23 | 6.00 | 6.08 | 5.86 | 5.99 |
| Total Shareholders' Equity | 276.04M | 278.84M | 269.41M | 277.19M | 279.41M | 268.94M | 272.32M | 265.98M | 250.01M | 262.43M | 255.14M | 263.65M | 251.84M | 257.25M | 261.98M | 265.25M | 259.87M | 263.56M | 254.24M | 260.43M |
| Common Stock | 276.04M | 0 | 0 | 1.17M | 0 | 0 | 272.32M | 1.17M | 250.01M | 262.43M | 255.14M | 1.17M | 251.84M | 257.25M | 261.98M | 1.17M | 259.87M | 263.56M | 254.24M | 1.16M |
| Retained Earnings | 0 | 0 | 0 | 107.8M | 0 | 0 | 0 | 92.52M | 0 | 0 | 0 | 86.29M | 0 | 0 | 0 | 43.25M | 0 | 0 | 0 | 39.72M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | -12.11M | 0 | 0 | 0 | -10.31M | 0 | 0 | 0 | -6.56M | 0 | 0 | 0 | 9.29M | 0 | 0 | 0 | 7.83M |
| Minority Interest | 24.79M | 23.46M | 23.63M | 23.88M | 25.14M | 25.11M | 24.17M | 24.96M | 19.81M | 25.18M | 13.93M | 41.62M | 37.86M | 38.59M | 39.86M | 40.85M | 34.65M | 34.78M | 33.37M | 33.55M |