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Long Term Debt (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended |
--- | --- | --- | ---
Nov. 30, 2016 | Dec. 31, 2017 | Dec. 31, 2016
Long Term Debt (Textual) |  |  |
Loan amount |  | $ 27,814 | $ 29,756
Description of financial covenants |  |
| a. | Total equity attributable to Magic Software Enterprises shareholders shall not be lower than $ 100,000 at all times;
| b. | The Company’s consolidated cash and cash equivalent and marketable securities available for sales shall not be less than $ 10,000;
| c. | The ratio of the Company’s consolidated total financial debts to consolidated total assets will not exceed 50%;
| d. | The ratio of the Company’s total financial debts less cash, short-term deposits and short-term marketable securities to the annual EBITDA will not exceed 3.25 to 1; and
| e. | The Company shall not create any pledge on all of its property and assets in favor of any third party without the financial institution’s consent.
Long-term Debt [Member] | Israeli financial institution [Member] |  |  |
Long Term Debt (Textual) |  |  |
Loan amount | $ 31,356 |  |
Final payment due date | Nov. 02, 2023 |  |
Fixed interest rate | 2.60% |  |

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- Definition Description of minimum financial levels (for example, tangible net worth and working capital) and achievement of certain financial ratios (for example, working capital ratio and debt service coverage ratio), and adherence to certain clauses which generally require or restrict certain actions (for example, entering into a debt arrangement with equal or greater seniority, and selling or discontinuing a certain business segment or material subsidiary) to be in compliance with the covenant clauses of the debt agreement. May also include a discussion of the adverse consequences that would result if the entity violates or fails to satisfy the covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
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