Magic Software Enterprises (MGIC) Debt Ratio: 2010-2024
Historic Debt Ratio for Magic Software Enterprises (MGIC) over the last 15 years, with Dec 2024 value amounting to 0.17.
- 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.
- As of FY2024, Magic Software Enterprises' Debt Ratio stood at 0.17, which was down 29.74% from 0.25 recorded in FY2023.
- Magic Software Enterprises' 5-year Debt Ratio high stood at 0.25 for FY2023, and its period low was 0.08 during FY2021.
- For the 3-year period, Magic Software Enterprises' Debt Ratio averaged around 0.19, with its median value being 0.17 (2024).
- Its Debt Ratio has fluctuated over the past 5 years, first surged by 104.62% in 2022, then dropped by 29.74% in 2024.
- Over the past 5 years, Magic Software Enterprises' Debt Ratio (Yearly) 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 soared by 57.77% to 0.25 in 2023, then dropped by 29.74% to 0.17 in 2024.