Open Text Corp Stock Current Ratio

OTEX Stock

USD 30.43 0.16 0.52%

Open Text Corp fundamentals help investors to digest information that contributes to Open Text's financial success or failures. It also enables traders to predict the movement of Open Stock. The fundamental analysis module provides a way to measure Open Text's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Open Text stock.

		Last Reported	Projected for Next Year
	Current Ratio	0.81	0.77

Current Ratio is likely to drop to 0.77 in 2024.

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Open Text Corp Company Current Ratio Analysis

Open Text's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Open Text Current Ratio

1.56 X

Most of Open Text's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Open Text Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Open Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Open Text is extremely important. It helps to project a fair market value of Open Stock properly, considering its historical fundamentals such as Current Ratio. Since Open Text's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Open Text's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Open Text's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Good Will	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Total Permanent Equity	Deferred Long Term Liab	Treasury Stock	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.89	0.96	0.86	0.09	0.97	0.98	0.89	0.49	-0.39	0.94	1.0	0.94	0.92	0.98	0.98	0.85	0.81	-0.78	-0.9	0.93	0.72	0.74	-0.62	0.89	-0.21	0.86
Total Stockholder Equity	0.89		0.74	1.0	0.28	0.91	0.79	0.88	0.42	-0.5	0.73	0.86	0.98	0.91	0.81	0.79	0.95	0.55	-0.67	-0.61	0.73	0.88	0.56	-0.76	0.61	0.19	0.63
Net Debt	0.96	0.74		0.7	0.05	0.91	0.99	0.76	0.48	-0.27	0.98	0.97	0.83	0.82	0.98	0.99	0.72	0.88	-0.72	-0.96	0.94	0.56	0.74	-0.47	0.95	-0.44	0.89
Retained Earnings	0.86	1.0	0.7		0.29	0.89	0.76	0.86	0.42	-0.47	0.7	0.83	0.96	0.88	0.77	0.76	0.96	0.5	-0.64	-0.57	0.68	0.89	0.52	-0.77	0.57	0.24	0.58
Accounts Payable	0.09	0.28	0.05	0.29		0.23	0.01	-0.14	-0.13	-0.51	0.14	0.06	0.19	0.09	0.04	0.0	0.25	0.0	0.06	0.04	-0.04	0.33	-0.19	-0.07	-0.11	0.02	-0.16
Net Receivables	0.97	0.91	0.91	0.89	0.23		0.94	0.85	0.44	-0.48	0.92	0.96	0.95	0.93	0.95	0.93	0.87	0.81	-0.68	-0.85	0.9	0.76	0.68	-0.66	0.79	-0.21	0.78
Total Liab	0.98	0.79	0.99	0.76	0.01	0.94		0.84	0.49	-0.32	0.96	0.99	0.88	0.87	0.99	1.0	0.77	0.87	-0.77	-0.95	0.95	0.62	0.76	-0.53	0.94	-0.35	0.9
Total Current Assets	0.89	0.88	0.76	0.86	-0.14	0.85	0.84		0.5	-0.4	0.71	0.88	0.9	0.87	0.83	0.84	0.83	0.6	-0.77	-0.69	0.78	0.76	0.62	-0.68	0.72	0.11	0.74
Short Term Debt	0.49	0.42	0.48	0.42	-0.13	0.44	0.49	0.5		-0.16	0.53	0.44	0.41	0.3	0.42	0.45	0.38	0.3	-0.19	-0.37	0.31	0.38	0.11	-0.01	0.52	-0.05	0.26
Short Term Investments	-0.39	-0.5	-0.27	-0.47	-0.51	-0.48	-0.32	-0.4	-0.16		-0.34	-0.37	-0.44	-0.44	-0.35	-0.3	-0.31	-0.24	0.45	0.21	-0.24	-0.51	-0.03	0.23	-0.18	-0.02	-0.17
Intangible Assets	0.94	0.73	0.98	0.7	0.14	0.92	0.96	0.71	0.53	-0.34		0.94	0.8	0.79	0.94	0.96	0.7	0.85	-0.65	-0.93	0.88	0.58	0.65	-0.46	0.92	-0.47	0.8
Good Will	1.0	0.86	0.97	0.83	0.06	0.96	0.99	0.88	0.44	-0.37	0.94		0.93	0.92	0.99	0.99	0.83	0.84	-0.79	-0.92	0.95	0.68	0.77	-0.6	0.9	-0.25	0.9
Common Stock	0.94	0.98	0.83	0.96	0.19	0.95	0.88	0.9	0.41	-0.44	0.8	0.93		0.94	0.9	0.88	0.94	0.65	-0.76	-0.74	0.84	0.8	0.7	-0.69	0.73	0.07	0.77
Property Plant Equipment	0.92	0.91	0.82	0.88	0.09	0.93	0.87	0.87	0.3	-0.44	0.79	0.92	0.94		0.9	0.87	0.87	0.72	-0.77	-0.78	0.86	0.75	0.8	-0.73	0.71	-0.05	0.78
Current Deferred Revenue	0.98	0.81	0.98	0.77	0.04	0.95	0.99	0.83	0.42	-0.35	0.94	0.99	0.9	0.9		0.99	0.78	0.88	-0.8	-0.96	0.97	0.61	0.81	-0.53	0.92	-0.33	0.93
Long Term Debt	0.98	0.79	0.99	0.76	0.0	0.93	1.0	0.84	0.45	-0.3	0.96	0.99	0.88	0.87	0.99		0.77	0.85	-0.78	-0.95	0.95	0.62	0.76	-0.56	0.94	-0.34	0.91
Total Permanent Equity	0.85	0.95	0.72	0.96	0.25	0.87	0.77	0.83	0.38	-0.31	0.7	0.83	0.94	0.87	0.78	0.77		0.54	-0.6	-0.61	0.73	0.84	0.6	-0.75	0.59	0.16	0.62
Deferred Long Term Liab	0.81	0.55	0.88	0.5	0.0	0.81	0.87	0.6	0.3	-0.24	0.85	0.84	0.65	0.72	0.88	0.85	0.54		-0.55	-0.95	0.94	0.36	0.76	-0.37	0.8	-0.66	0.86
Treasury Stock	-0.78	-0.67	-0.72	-0.64	0.06	-0.68	-0.77	-0.77	-0.19	0.45	-0.65	-0.79	-0.76	-0.77	-0.8	-0.78	-0.6	-0.55		0.7	-0.73	-0.54	-0.7	0.45	-0.74	0.04	-0.82
Net Tangible Assets	-0.9	-0.61	-0.96	-0.57	0.04	-0.85	-0.95	-0.69	-0.37	0.21	-0.93	-0.92	-0.74	-0.78	-0.96	-0.95	-0.61	-0.95	0.7		-0.97	-0.43	-0.81	0.38	-0.93	0.57	-0.94
Long Term Debt Total	0.93	0.73	0.94	0.68	-0.04	0.9	0.95	0.78	0.31	-0.24	0.88	0.95	0.84	0.86	0.97	0.95	0.73	0.94	-0.73	-0.97		0.51	0.87	-0.52	0.87	-0.41	0.95
Capital Surpluse	0.72	0.88	0.56	0.89	0.33	0.76	0.62	0.76	0.38	-0.51	0.58	0.68	0.8	0.75	0.61	0.62	0.84	0.36	-0.54	-0.43	0.51		0.31	-0.77	0.49	0.23	0.43
Long Term Investments	0.74	0.56	0.74	0.52	-0.19	0.68	0.76	0.62	0.11	-0.03	0.65	0.77	0.7	0.8	0.81	0.76	0.6	0.76	-0.7	-0.81	0.87	0.31		-0.38	0.71	-0.25	0.89
Short Long Term Debt	-0.62	-0.76	-0.47	-0.77	-0.07	-0.66	-0.53	-0.68	-0.01	0.23	-0.46	-0.6	-0.69	-0.73	-0.53	-0.56	-0.75	-0.37	0.45	0.38	-0.52	-0.77	-0.38		-0.32	-0.19	-0.4
Net Invested Capital	0.89	0.61	0.95	0.57	-0.11	0.79	0.94	0.72	0.52	-0.18	0.92	0.9	0.73	0.71	0.92	0.94	0.59	0.8	-0.74	-0.93	0.87	0.49	0.71	-0.32		-0.43	0.9
Net Working Capital	-0.21	0.19	-0.44	0.24	0.02	-0.21	-0.35	0.11	-0.05	-0.02	-0.47	-0.25	0.07	-0.05	-0.33	-0.34	0.16	-0.66	0.04	0.57	-0.41	0.23	-0.25	-0.19	-0.43		-0.37
Capital Stock	0.86	0.63	0.89	0.58	-0.16	0.78	0.9	0.74	0.26	-0.17	0.8	0.9	0.77	0.78	0.93	0.91	0.62	0.86	-0.82	-0.94	0.95	0.43	0.89	-0.4	0.9	-0.37

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Open Current Ratio Historical Pattern

Today, most investors in Open Text Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Open Text's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Open Text current ratio as a starting point in their analysis.

Open Text Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Open Text

Current Ratio Over Time

Open Price To Sales Ratio

Price To Sales Ratio

1.34

At this time, Open Text's Price To Sales Ratio is fairly stable compared to the past year.

In accordance with the recently published financial statements, Open Text Corp has a Current Ratio of 1.56 times. This is 44.88% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The current ratio for all United States stocks is 27.78% higher than that of the company.

Open Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Open Text's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Open Text could also be used in its relative valuation, which is a method of valuing Open Text by comparing valuation metrics of similar companies.

Open Text is currently under evaluation in current ratio category among its peers.

Open Text ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Open Text's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Open Text's managers, analysts, and investors.

Environmental

Governance

Social

Open Fundamentals

	Return On Equity	0.12
	Return On Asset	0.0427
	Profit Margin	0.08 %
	Operating Margin	0.20 %
	Current Valuation	13.79 B
	Shares Outstanding	265.88 M
	Shares Owned By Insiders	2.09 %
	Shares Owned By Institutions	78.06 %
	Number Of Shares Shorted	4.96 M
	Price To Earning	87.58 X
	Price To Book	1.97 X
	Price To Sales	1.45 X
	Revenue	5.77 B
	Gross Profit	3.39 B
	EBITDA	2.09 B
	Net Income	465.28 M
	Cash And Equivalents	1.7 B
	Cash Per Share	6.39 X
	Total Debt	6.69 B
	Debt To Equity	1.11 %
	Current Ratio	1.56 X
	Book Value Per Share	15.80 X
	Cash Flow From Operations	967.69 M
	Short Ratio	7.76 X
	Earnings Per Share	1.73 X
	Price To Earnings To Growth	0.87 X
	Target Price	35.82
	Number Of Employees	21.8 K
	Beta	1.14
	Market Capitalization	8.13 B
	Total Asset	14.21 B
	Retained Earnings	2.12 B
	Working Capital	(523.17 M)
	Current Asset	146.71 M
	Current Liabilities	42.82 M
	Annual Yield	0.03 %
	Five Year Return	1.70 %
	Net Asset	14.21 B
	Last Dividend Paid	1.01

About Open Text Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Open Text Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Open Text using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Open Text Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Open Stock Analysis

When running Open Text's price analysis, check to measure Open Text's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Open Text is operating at the current time. Most of Open Text's value examination focuses on studying past and present price action to predict the probability of Open Text's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open Text's price. Additionally, you may evaluate how the addition of Open Text to your portfolios can decrease your overall portfolio volatility.

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