MGIC
Price:
$25.23
Market Cap:
$1.24B
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. The company off...[Read more]
Industry
Information Technology Services
IPO Date
1991-08-30
Stock Exchange
NASDAQ
Ticker
MGIC
According to Magic Software Enterprises Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.48. This represents a change of -4.90% compared to the average of 1.56 of the last 4 quarters.
The mean historical Current Ratio of Magic Software Enterprises Ltd. over the last ten years is 2.79. The current 1.48 Current Ratio has changed 5.21% with respect to the historical average. Over the past ten years (40 quarters), MGIC's Current Ratio was at its highest in in the December 2015 quarter at 4.77. The Current Ratio was at its lowest in in the September 2025 quarter at 1.48.
Average
2.79
Median
2.78
Minimum
1.61
Maximum
4.77
Discovering the peaks and valleys of Magic Software Enterprises Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 30.00%
Maximum Annual Current Ratio = 4.77
Minimum Annual Increase = -25.57%
Minimum Annual Current Ratio = 1.61
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.62 | -10.45% |
| 2023 | 1.81 | 12.61% |
| 2022 | 1.61 | -14.77% |
| 2021 | 1.89 | -24.22% |
| 2020 | 2.49 | -18.78% |
| 2019 | 3.07 | -23.14% |
| 2018 | 3.99 | 30.00% |
| 2017 | 3.07 | -13.60% |
| 2016 | 3.55 | -25.57% |
| 2015 | 4.77 | -6.41% |
The current Current Ratio of Magic Software Enterprises Ltd. (MGIC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
1.68
5-year avg
1.88
10-year avg
2.79
Magic Software Enterprises Ltd.’s Current Ratio is less than TaskUs, Inc. (2.89), less than NETGEAR, Inc. (2.85), less than ScanSource, Inc. (2.01), less than Cantaloupe, Inc. (1.84), less than Cohu, Inc. (4.39), less than GigaCloud Technology Inc. (2.08), less than BlackSky Technology Inc. (3.89), greater than Yext, Inc. (1.05), less than CTS Corporation (2.64), less than Grid Dynamics Holdings, Inc. (7.63),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.89 | $1.09B | |
| 2.85 | $772.48M | |
| 2.01 | $908.42M | |
| 1.84 | $774.63M | |
| 4.39 | $1.17B | |
| 2.08 | $1.48B | |
| 3.89 | $687.11M | |
| 1.05 | $1.09B | |
| 2.64 | $1.32B | |
| 7.63 | $818.83M |
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