Magic Software Enterprises (Magic Software Enterprises) Total Liabilities : $231.5 Mil (As of Dec. 2023)

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What is Magic Software Enterprises Total Liabilities?

Magic Software Enterprises's Total Liabilities for the quarter that ended in Dec. 2023 was $231.5 Mil.

Magic Software Enterprises's quarterly Total Liabilities declined from Jun. 2023 ($242.15 Mil) to Sep. 2023 ($232.40 Mil) and declined from Sep. 2023 ($232.40 Mil) to Dec. 2023 ($231.46 Mil).

Magic Software Enterprises's annual Total Liabilities increased from Dec. 2021 ($211.72 Mil) to Dec. 2022 ($228.83 Mil) and increased from Dec. 2022 ($228.83 Mil) to Dec. 2023 ($231.46 Mil).

Magic Software Enterprises Total Liabilities Historical Data

The historical data trend for Magic Software Enterprises's Total Liabilities 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 Total Liabilities Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Liabilities

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117.99

153.40

211.72

228.83

231.46

Magic Software Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Liabilities	Get a 7-Day Free Trial															228.83	251.97	242.15	232.40	231.46

Magic Software Enterprises Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Magic Software Enterprises's Total Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	141.699	+	(75.368	+	1.669
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	11.61	+	1.116)
	=	231.5

Total Liabilities	=	Total Assets (A: Dec. 2023 )	-	Total Equity (A: Dec. 2023 )
	=	522.406	-	290.944
	=	231.5

Magic Software Enterprises's Total Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	141.699	+	(75.368	+	1.669
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	11.61	+	1.116)
	=	231.5

Total Liabilities	=	Total Assets (Q: Dec. 2023 )	-	Total Equity (Q: Dec. 2023 )
	=	522.406	-	290.944
	=	231.5

Magic Software Enterprises Total Liabilities 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 » Total Liabilities

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.