XML 98 R81.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Long Term Debts (Details) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 USD ($)
Long Term Debts [Abstract] |
Loan agreement, description | the Company entered into a loan agreement with an Israeli bank, pursuant to which, the Company borrowed $20,000 for a four-year term (the “Bank Loan”). The Bank Loan will mature on March 27, 2027, and will be repaid in four (4) equal annual instalments of $6,052 (including interest) starting March 27, 2024. The Bank Loan bears interest at the rate SOFR + 3.38%. The interest is paid on a yearly basis.On June 7, 2023, the Company entered into a loan agreement with an Israeli bank, pursuant to which, the Company borrowed ILS 60,000 thousands for a five-year term (the “Bank Loan”). The Bank Loan will mature on May 7, 2028, and will be repaid in five (5) equal annual instalments of ILS 12,000 thousands (not including interest) starting May 7, 2024. The Bank Loan bears an interest rate of prime + 0.92% per annum, payable in two semi-annual payments.These two Bank Loans, which may be prepaid under certain circumstances, are subject to various financial covenants which mainly consist of the following:
Equity | $ 150
Financial debts not exceed percentage | 30.00%

X
- Definition The amount of equity interest of an entity without share capital that the entity does not separately disclose in the same statement or note. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_78_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_OtherEquityInterest
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The percentage of financial debts not exceed. + References No definition available. + Details
Name: | mgic_FinancialDebtsNotExceedPercentage
Namespace Prefix: | mgic_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition loan agreement description. + References No definition available. + Details
Name: | mgic_LoanAgreementDescription
Namespace Prefix: | mgic_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | mgic_LongTermDebtsAbstract
Namespace Prefix: | mgic_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration