Magic Software Enterprises annual current ratio
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Magic Software Enterprises Current Ratio Growth & History (RMTHF)
Magic Software Enterprises's current ratio was 1.62 for fiscal 2024.
View full Magic Software Enterprises company overviewMagic Software Enterprises annual current ratio history
| Fiscal year | Period ended | Current ratio | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | 1.62 | −0.19 | −10.45% |
| 2023 | 2023-12-31 | 1.81 | 0.21 | +13.46% |
| 2022 · Dec 31 | 2022-12-31 | 1.60 | −0.68 | −29.97% |
| 2021 | 2021-12-31 | 2.28 | −0.21 | −8.46% |
| 2020 | 2020-12-31 | 2.49 | −0.58 | −18.78% |
| 2019 | 2019-12-31 | 3.07 | −0.93 | −23.19% |
| 2018 | 2018-12-31 | 3.99 | 0.92 | +30.16% |
| 2017 | 2017-12-31 | 3.07 | −0.48 | −13.47% |
| 2016 | 2016-12-31 | 3.54 | −1.23 | −25.73% |
| 2015 | 2015-12-31 | 4.77 | −0.32 | −6.37% |
| 2014 | 2014-12-31 | 5.10 | 2.48 | +95.02% |
| 2013 | 2013-12-31 | 2.61 | 0.11 | +4.57% |
| 2012 | 2012-12-31 | 2.50 | 0.16 | +6.95% |
| 2011 | 2011-12-31 | 2.34 | −1.16 | −33.17% |
| 2010 | 2010-12-31 | 3.50 | — | — |
Magic Software Enterprises quarterly current ratio
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| Fiscal quarter | Period ended | Current ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2024 | 2024-12-31 | 1.62 | −0.19 | −10.45% |
| Q4 2023 | 2023-12-31 | 1.81 | 0.21 | +13.46% |
| Q4 2022 | 2022-12-31 | 1.60 | −0.68 | −29.97% |
| Q4 2021 | 2021-12-31 | 2.28 | −0.21 | −8.46% |
| Q4 2020 | 2020-12-31 | 2.49 | −0.58 | −18.78% |
| Q4 2019 | 2019-12-31 | 3.07 | −0.93 | −23.19% |
| Q4 2018 | 2018-12-31 | 3.99 | 0.92 | +30.16% |
| Q2 2018 | 2018-06-30 | 3.12 | — | — |
| Q4 2017 | 2017-12-31 | 3.07 | −0.48 | −13.47% |
| Q4 2016 | 2016-12-31 | 3.54 | −1.23 | −25.73% |
| Q4 2015 | 2015-12-31 | 4.77 | −0.32 | −6.37% |
| Q4 2014 | 2014-12-31 | 5.10 | 2.48 | +95.02% |
| Q4 2013 | 2013-12-31 | 2.61 | 0.11 | +4.57% |
| Q2 2013 | 2013-06-30 | 2.19 | — | — |
| Q4 2012 | 2012-12-31 | 2.50 | 0.16 | +6.95% |
| Q4 2011 | 2011-12-31 | 2.34 | −1.16 | −33.17% |
| Q4 2010 | 2010-12-31 | 3.50 | — | — |
Magic Software Enterprises current ratio trends
Over the last five fiscal years, Magic Software Enterprises's current ratio decreased from 3.07 to 1.62, a change of −1.44. The latest reported quarter, Q4 2024, shows 1.62.
About the metric
What the current ratio means
The current ratio compares short-term assets with obligations due within roughly one year. A higher ratio generally indicates more short-term balance-sheet coverage, but normal levels vary by industry and business model.
Calculation and source
How the current ratio is calculated
TickerStat calculates the current ratio as SEC-reported current assets divided by SEC-reported current liabilities for the same balance-sheet date. Periods without a positive current-liability value are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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