Magic Software Enterprises (MGIC) Debt Ratio (2016 - 2024)
Magic Software Enterprises' Debt Ratio history spans 15 years, with the latest figure at 0.11 for Q4 2024.
- For Q4 2024, Debt Ratio fell 55.55% year-over-year to 0.11; the TTM value through Dec 2024 reached 0.11, down 55.55%, while the annual FY2024 figure was 0.11, 55.55% down from the prior year.
- Debt Ratio reached 0.11 in Q4 2024 per MGIC's latest filing, down from 0.25 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.25 in Q4 2023 to a low of 0.08 in Q4 2021.
- Average Debt Ratio over 5 years is 0.13, with a median of 0.11 recorded in 2024.
- Peak YoY movement for Debt Ratio: surged 342.08% in 2020, then plummeted 55.55% in 2024.
- A 5-year view of Debt Ratio shows it stood at 0.08 in 2020, then decreased by 2.67% to 0.08 in 2021, then surged by 104.62% to 0.16 in 2022, then soared by 57.77% to 0.25 in 2023, then tumbled by 55.55% to 0.11 in 2024.
- Per Business Quant, the three most recent readings for MGIC's Debt Ratio are 0.11 (Q4 2024), 0.25 (Q4 2023), and 0.16 (Q4 2022).