Magic Software Enterprises Ltd (MGIC) — Working Capital to Net Assets Ratio
Magic Software Enterprises Ltd (MGIC) has a Working Capital to Net Assets ratio of 30.7% as of September 2025. Working capital of ILA92.41 Million (current assets of ILA285.18 Million minus current liabilities of ILA192.76 Million) is measured against net assets of ILA300.83 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MGIC financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Magic Software Enterprises Ltd Working Capital to Net Assets (1991–2024)
This chart shows how Magic Software Enterprises Ltd's Working Capital to Net Assets ratio has evolved across 34 annual periods from 1991 to 2024. As of September 2025, the ratio stands at 30.7%, reflecting working capital of ILA92.41 Million against net assets of ILA300.83 Million ILA. See Magic Software Enterprises Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Magic Software Enterprises Ltd (1991–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Magic Software Enterprises Ltd from 1991 to 2024, covering 34 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see MGIC stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (ILA) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 35.2% | ILA105.89 Million | ILA301.07 Million | ILA276.20 Million | ILA170.31 Million | ▼ -4.3 pp |
| 2023 | 39.5% | ILA114.93 Million | ILA290.94 Million | ILA256.62 Million | ILA141.70 Million | ▲ +0.7 pp |
| 2022 | 38.8% | ILA118.34 Million | ILA305.27 Million | ILA250.98 Million | ILA132.64 Million | ▼ -7.1 pp |
| 2021 | 45.9% | ILA140.53 Million | ILA306.10 Million | ILA246.78 Million | ILA106.25 Million | ▲ +2.9 pp |
| 2020 | 43.0% | ILA126.40 Million | ILA293.98 Million | ILA211.23 Million | ILA84.83 Million | ▼ -5.2 pp |
| 2019 | 48.2% | ILA138.17 Million | ILA286.61 Million | ILA205.05 Million | ILA66.88 Million | ▼ -9.2 pp |
| 2018 | 57.4% | ILA158.30 Million | ILA275.60 Million | ILA211.26 Million | ILA52.96 Million | ▲ +6.3 pp |
| 2017 | 51.1% | ILA122.38 Million | ILA239.40 Million | ILA181.55 Million | ILA59.17 Million | ▼ -1.9 pp |
| 2016 | 53.1% | ILA118.12 Million | ILA222.64 Million | ILA158.70 Million | ILA40.58 Million | ▼ -0.9 pp |
| 2015 | 54.0% | ILA107.31 Million | ILA198.85 Million | ILA136.83 Million | ILA29.52 Million | ▲ +0.9 pp |
| 2014 | 53.0% | ILA101.19 Million | ILA190.80 Million | ILA128.25 Million | ILA27.06 Million | ▲ +18.8 pp |
| 2013 | 34.2% | ILA44.69 Million | ILA130.52 Million | ILA73.17 Million | ILA28.48 Million | ▼ -2.1 pp |
| 2012 | 36.4% | ILA43.73 Million | ILA120.28 Million | ILA73.70 Million | ILA29.97 Million | ▲ +0.4 pp |
| 2011 | 35.9% | ILA37.83 Million | ILA105.33 Million | ILA63.44 Million | ILA25.61 Million | ▼ -19.8 pp |
| 2010 | 55.7% | ILA49.48 Million | ILA88.86 Million | ILA68.11 Million | ILA18.63 Million | ▲ +6.7 pp |
| 2009 | 49.0% | ILA28.02 Million | ILA57.19 Million | ILA57.77 Million | ILA29.75 Million | ▼ -1.6 pp |
| 2008 | 50.6% | ILA33.76 Million | ILA66.75 Million | ILA47.69 Million | ILA13.93 Million | ▲ +3.6 pp |
| 2007 | 46.9% | ILA28.74 Million | ILA61.24 Million | ILA47.35 Million | ILA18.61 Million | ▲ +28.8 pp |
| 2006 | 18.1% | ILA8.64 Million | ILA47.77 Million | ILA28.05 Million | ILA19.40 Million | ▼ -7.4 pp |
| 2005 | 25.5% | ILA13.47 Million | ILA52.83 Million | ILA31.67 Million | ILA18.20 Million | ▼ -7.4 pp |
| 2004 | 32.9% | ILA19.85 Million | ILA60.38 Million | ILA37.21 Million | ILA17.36 Million | ▲ +2.5 pp |
| 2003 | 30.3% | ILA16.80 Million | ILA55.38 Million | ILA36.76 Million | ILA19.96 Million | ▼ -6.9 pp |
| 2002 | 37.3% | ILA23.20 Million | ILA62.25 Million | ILA43.20 Million | ILA20.00 Million | ▼ -3.8 pp |
| 2001 | 41.0% | ILA28.01 Million | ILA68.27 Million | ILA51.77 Million | ILA23.77 Million | ▼ -3.6 pp |
| 2000 | 44.7% | ILA48.97 Million | ILA109.66 Million | ILA72.04 Million | ILA23.07 Million | ▲ +17.0 pp |
| 1999 | 27.6% | ILA9.61 Million | ILA34.76 Million | ILA29.56 Million | ILA19.95 Million | ▼ -5.1 pp |
| 1998 | 32.7% | ILA5.60 Million | ILA17.10 Million | ILA19.70 Million | ILA14.10 Million | ▲ +37.1 pp |
| 1997 | -4.4% | ILA-500.00K | ILA11.40 Million | ILA15.90 Million | ILA16.40 Million | ▼ -49.2 pp |
| 1996 | 44.8% | ILA9.90 Million | ILA22.10 Million | ILA20.30 Million | ILA10.40 Million | ▲ +3.7 pp |
| 1995 | 41.1% | ILA6.20 Million | ILA15.10 Million | ILA14.00 Million | ILA7.80 Million | ▼ -8.6 pp |
| 1994 | 49.7% | ILA7.40 Million | ILA14.90 Million | ILA12.10 Million | ILA4.70 Million | ▼ -24.2 pp |
| 1993 | 73.9% | ILA11.60 Million | ILA15.70 Million | ILA15.20 Million | ILA3.60 Million | ▼ -15.2 pp |
| 1992 | 89.1% | ILA9.80 Million | ILA11.00 Million | ILA11.90 Million | ILA2.10 Million | ▲ +14.9 pp |
| 1991 | 74.2% | ILA6.90 Million | ILA9.30 Million | ILA7.90 Million | ILA1.00 Million | — |