Magic Software Enterprises (Magic Software Enterprises) Marketable Securities : $1.3 Mil (As of Sep. 2023)

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What is Magic Software Enterprises Marketable Securities?

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price. Magic Software Enterprises's Marketable Securities for the quarter that ended in Sep. 2023 was $1.3 Mil.

Magic Software Enterprises's annual Marketable Securities increased from Dec. 2020 ($1.5 Mil) to Dec. 2021 ($5.6 Mil) but then declined from Dec. 2021 ($5.6 Mil) to Dec. 2022 ($3.9 Mil).

Magic Software Enterprises Marketable Securities Historical Data

The historical data trend for Magic Software Enterprises's Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Magic Software Enterprises Marketable Securities Chart

Magic Software Enterprises Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Marketable Securities

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26.79

13.60

1.53

5.59

3.90

Magic Software Enterprises Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Marketable Securities	Get a 7-Day Free Trial															4.93	3.90	3.90	1.41	1.35

Magic Software Enterprises Marketable Securities Calculation

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Magic Software Enterprises (NAS:MGIC) Marketable Securities Explanation

Marketable Securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

Please note, GuruFocus' Marketable Securities also includes "Other Short Term Investment".

Magic Software Enterprises Marketable Securities Related Terms

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Magic Software Enterprises (Magic Software Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » Marketable Securities

Comparable Companies

Traded in Other Exchanges

MGIC:Israel MGK:Germany MGK:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, ISR, 6037501

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.