Magic Software Enterprises (XTAE:MGIC) Short-Term Capital Lease Obligation : ₪22 Mil (As of Mar. 2024)

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What is Magic Software Enterprises Short-Term Capital Lease Obligation?

Magic Software Enterprises's Short-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪22 Mil.

Magic Software Enterprises's quarterly Short-Term Capital Lease Obligation increased from Sep. 2023 (₪14 Mil) to Dec. 2023 (₪17 Mil) and increased from Dec. 2023 (₪17 Mil) to Mar. 2024 (₪22 Mil).

Magic Software Enterprises's annual Short-Term Capital Lease Obligation increased from Dec. 2021 (₪12 Mil) to Dec. 2022 (₪17 Mil) but then declined from Dec. 2022 (₪17 Mil) to Dec. 2023 (₪17 Mil).

Magic Software Enterprises Short-Term Capital Lease Obligation Historical Data

The historical data trend for Magic Software Enterprises's Short-Term Capital Lease Obligation 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 Short-Term Capital Lease Obligation Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Capital Lease Obligation

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14.42

12.84

12.29

17.28

16.58

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
Short-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.04	16.22	14.45	16.58	22.48

Magic Software Enterprises Short-Term Capital Lease Obligation Explanation

Short-Term Capital Lease Obligation represents the total amount of Long-Term Capital Lease Obligation that must be paid within the next accounting period. Capital lease obligations are contractual obligations that arise from obtaining the use of property or equipment via a capital lease contract.

Magic Software Enterprises Short-Term Capital Lease Obligation Related Terms

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Magic Software Enterprises (XTAE:MGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (XTAE:MGIC) » Definitions » Short-Term Capital Lease Obligation

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.