Magic Software Enterprises (XTAE:MGIC) Interest Expense : ₪-39 Mil (TTM As of Mar. 2024)

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What is Magic Software Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magic Software Enterprises's interest expense for the three months ended in Mar. 2024 was ₪ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-39 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Magic Software Enterprises's Operating Income for the three months ended in Mar. 2024 was ₪ 55 Mil. Magic Software Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₪ -7 Mil. Magic Software Enterprises's Interest Coverage for the quarter that ended in Mar. 2024 was 8.38. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Magic Software Enterprises Interest Expense Historical Data

The historical data trend for Magic Software Enterprises's Interest Expense 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 Interest Expense Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

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Dec23

Interest Expense

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-1.41

-2.31

-14.31

-18.79

-34.72

Magic Software Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.12	-0.93	-6.21	-25.46	-6.62

Magic Software Enterprises Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-39 Mil.

Magic Software Enterprises (XTAE:MGIC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Magic Software Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₪-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪232 Mil.

Magic Software Enterprises's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	55.435	/	-6.615
	=	8.38

The higher the ratio, the stronger the company's financial strength is.

Magic Software Enterprises (XTAE:MGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (XTAE:MGIC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MGIC:USA 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.