Magic Software Enterprises Ltd 's Cash & cash equivalent grew by 6.45 % in the Q4 2024 sequentially, while Current Liabilities decreased, this led to improvement in Magic Software Enterprises Ltd 's Quick Ratio to 1.96, above Magic Software Enterprises Ltd average Quick Ratio.

Within Software & Programming industry 107 other companies have achieved higher Quick Ratio than Magic Software Enterprises Ltd in fourth quarter 2024. While Quick Ratio total ranking has improved so far during the Q4 2024 to 1987, from total ranking in the fourth quarter 2023 at 2066.

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MGIC Quick Ratio	(Dec 31 2024) Q4	(Dec 31 2023) Q3	0 Q2	0 Q1	0 Q4
Y / Y Current Liabilities Change	-59.34 %	-18.83 %	-9.2 %	-9.2 %	-9.2 %
Y / Y Cash & cash equivalent Change	6.45 %	27.55 %	27.55 %	27.55 %	27.55 %
Quick Ratio MRQ	1.96	0.64	0.75	0.75	0.75
MGIC's Total Ranking	# 1987	# 2066	#	#	#
Seq. Current Liabilities Change	-65.32 %	17.24 %	0 %	0 %	-30.77 %
Seq. Cash & cash equivalent Change	6.45 %	0 %	0 %	0 %	27.55 %

Quick Ratio fourth quarter 2024 Company Ranking
Within:	No.
Software & Programming Industry	# 108
Technology Sector	# 343
Overall Market	# 1987

Quick Ratio Statistics
High	Average	Low
3.26	1.43	0.03
(Dec 31 2014)		(Dec 31 2013)

Financial Statements
Magic Software Enterprises Ltd 's Current Liabilities	$ 58 Millions	Visit MGIC's Balance sheet
Magic Software Enterprises Ltd 's Cash & cash equivalent	$ 113 Millions	Visit MGIC's Balance sheet
Source of MGIC's Sales		Visit MGIC's Sales by Geography

Cumulative Magic Software Enterprises Ltd 's Quick Ratio

MGIC's Quick Ratio for the trailling 12 Months

MGIC Quick Ratio	(Dec 31 2024) 12 Months	(Dec 31 2023) 12 Months	0 12 Months	0 12 Months	0 12 Months
Y / Y Current Liabilities TTM Growth	-22.98 %	-12.13 %	8.78 %	21.26 %	36.22 %
Y / Y Cash & cash equivalent TTM Growth	21.25 %	27.55 %	-6.01 %	-12.63 %	-19.08 %
Quick Ratio TTM	0.85	0.72	0.64	0.59	0.54
Total Ranking TTM	# 4006	# 3966	#	#	#
Seq. Current Liabilities TTM Growth	-14.22 %	-6.12 %	-2.23 %	-2.18 %	-2.13 %
Seq. Cash & cash equivalent TTM Growth	1.61 %	5.71 %	6.05 %	6.44 %	6.89 %

Quick ratio ranking by company, industry and sector >> Back to MGIC Financial Strength Comparisons >> Go to Compare MGIC Quick Ratio to its Competitors

On the trailing twelve months basis MGIC Cash & cash equivalent improved by 6.45 % in Q4 2024 year on year, while Current Liabilities dropped to $58 millions, this led to increase in in Magic Software Enterprises Ltd 's Quick Ratio to 0.85, Quick Ratio remained below MGIC average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 226 other companies have achieved higher Quick Ratio than Magic Software Enterprises Ltd . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2023 from 3966 to 4006.

Explain Quick Ratio?
How much Cash & cash equivalents MGIC�s has?
What are MGIC�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Software & Programming Industry	# 227
Technology Sector	# 713
Within the Market	# 4006

trailing twelve months Quick Ratio Statistics
High	Average	Low
3.26	1.48	0.03
(Dec 31 2014)		(Dec 31 2013)

Companies with similar Quick Ratio in the quarter ending Dec 31 2024, within Software & Programming Industry	Quick Ratio	Dec 31 2024 MRQ Cash & cash equivalent	Dec 31 2024 MRQ Current Liabilities
Cs Disco Inc	5.03	$ 129.127 Millions	$ 25.694 Millions
Avidxchange Holdings Inc	4.80	$ 389.300 Millions	$ 81.110 Millions
Grid Dynamics Holdings Inc	4.60	$ 334.655 Millions	$ 72.817 Millions
Palantir Technologies Inc	4.56	$ 5,229.987 Millions	$ 1,147.201 Millions
Global e Online Ltd	4.54	$ 438.523 Millions	$ 96.596 Millions
Klaviyo Inc	4.41	$ 881.473 Millions	$ 199.893 Millions
Nexscient Inc	4.21	$ 0.076 Millions	$ 0.018 Millions
Mongodb Inc	4.16	$ 2,336.577 Millions	$ 561.987 Millions
Atlassian Corporation	4.13	$ 2,338.903 Millions	$ 566.960 Millions
Foresight Autonomous Holdings Ltd	4.09	$ 7.153 Millions	$ 1.749 Millions
Perfect Corp	3.95	$ 127.392 Millions	$ 32.211 Millions
Alarm com Holdings Inc	3.72	$ 1,220.701 Millions	$ 328.233 Millions
Veeva Systems Inc	3.70	$ 5,150.227 Millions	$ 1,392.380 Millions
Orangekloud Technology Inc	3.69	$ 5.977 Millions	$ 1.620 Millions
Red Violet Inc	3.54	$ 36.504 Millions	$ 10.307 Millions
Aware Inc	3.54	$ 27.814 Millions	$ 7.864 Millions
Zedge Inc	3.53	$ 19.998 Millions	$ 5.672 Millions
Xunlei Ltd	3.26	$ 358.398 Millions	$ 109.931 Millions
Servicetitan Inc	3.18	$ 441.802 Millions	$ 138.942 Millions
Agora Inc	3.12	$ 198.890 Millions	$ 63.842 Millions
Okta Inc	3.03	$ 2,523.000 Millions	$ 832.000 Millions
Clear Secure Inc	3.00	$ 609.497 Millions	$ 203.301 Millions
Quantum Emotion Corp	2.97	$ 0.976 Millions	$ 0.329 Millions
Amesite Inc	2.96	$ 2.086 Millions	$ 0.704 Millions
Corecard Corporation	2.94	$ 24.891 Millions	$ 8.452 Millions
Sharplink Inc	2.94	$ 1.437 Millions	$ 0.488 Millions
Soundhound Ai Inc	2.93	$ 198.240 Millions	$ 67.742 Millions
Confluent Inc	2.92	$ 1,910.563 Millions	$ 654.677 Millions
Twilio Inc	2.91	$ 2,384.399 Millions	$ 820.220 Millions
Destiny Media Technologies Inc	2.90	$ 1.514 Millions	$ 0.523 Millions

Date modified: 2024-09-03T04:04:44+00:00

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