Magic Software Enterprises (MGIC) Debt Ratio: 2010-2024
- Magic Software Enterprises' Debt Ratio fell 29.74% to 0.17 in Q4 2024 from the same period last year, while for Dec 2024 it was 0.17, marking a year-over-year decrease of 29.74%. This contributed to the annual value of 0.17 for FY2024, which is 29.74% down from last year.
- Per Magic Software Enterprises' latest filing, its Debt Ratio stood at 0.17 for Q4 2024, which was down 29.74% from 0.25 recorded in Q4 2023.
- Magic Software Enterprises' Debt Ratio's 5-year high stood at 0.25 during Q4 2023, with a 5-year trough of 0.08 in Q4 2021.
- In the last 3 years, Magic Software Enterprises' Debt Ratio had a median value of 0.17 in 2024 and averaged 0.19.
- In the last 5 years, Magic Software Enterprises' Debt Ratio surged by 104.62% in 2022 and then fell by 29.74% in 2024.
- Quarterly analysis of 5 years shows Magic Software Enterprises' Debt Ratio stood at 0.08 in 2020, then dropped by 2.67% to 0.08 in 2021, then spiked by 104.62% to 0.16 in 2022, then surged by 57.77% to 0.25 in 2023, then declined by 29.74% to 0.17 in 2024.
- Its Debt Ratio was 0.17 in Q4 2024, compared to 0.25 in Q4 2023 and 0.16 in Q4 2022.
