MGIC (Magic Software Enterprises) Ending Cash Position : $98.9 Mil (As of Sep. 2024)

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What is Magic Software Enterprises Ending Cash Position?

Magic Software Enterprises's Ending Cash Position for the quarter that ended in Sep. 2024 was $98.9 Mil.

Magic Software Enterprises's quarterly Ending Cash Position declined from Mar. 2024 ($125.8 Mil) to Jun. 2024 ($107.6 Mil) and declined from Jun. 2024 ($107.6 Mil) to Sep. 2024 ($98.9 Mil).

Magic Software Enterprises's annual Ending Cash Position declined from Dec. 2021 ($88.1 Mil) to Dec. 2022 ($83.1 Mil) but then increased from Dec. 2022 ($83.1 Mil) to Dec. 2023 ($105.9 Mil).

Magic Software Enterprises Ending Cash Position Historical Data

The historical data trend for Magic Software Enterprises's Ending Cash Position 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 Ending Cash Position Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Ending Cash Position

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81.92

88.13

88.09

83.06

105.94

Magic Software Enterprises Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Ending Cash Position	Get a 7-Day Free Trial															105.70	105.94	125.80	107.64	98.94

Magic Software Enterprises Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

Magic Software Enterprises's Ending Cash Position for the fiscal year that ended in Dec. 2023 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	83.062	+	22.881
	=	105.9

Magic Software Enterprises's Ending Cash Position for the quarter that ended in Sep. 2024 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	107.641	+	-8.699
	=	98.9

Magic Software Enterprises Ending Cash Position Related Terms

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Magic Software Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » Ending Cash Position

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 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.