Open Cash vs Cash And Short Term Investments Analysis

OTEX Stock

USD 30.43 0.10 0.33%

Open Text financial indicator trend analysis is much more than just breaking down Open Text Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Open Text Corp is a good investment. Please check the relationship between Open Text Cash and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Open Text Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Cash vs Cash And Short Term Investments

Cash vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Open Text Corp Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Open Text's Cash and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Open Text Corp, assuming nothing else is changed. The correlation between historical values of Open Text's Cash and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Open Text Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Open Text's Cash and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Cash

Cash refers to the most liquid asset of Open Text Corp, which is listed under current asset account on Open Text Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Open Text customers. The amounts must be unrestricted with restricted cash listed in a different Open Text account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Open Text Corp balance sheet. This account contains Open Text investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Open Text Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Open Text's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Open Text Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Open Text Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Open Text's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 277.2 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.17 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.4B	3.2B	4.2B	4.4B
Total Revenue	3.5B	4.5B	5.8B	6.1B

Gross Profit Total Revenue

Open Text fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Other Assets	Good Will	Common Stock
Common Stock Shares Outstanding		0.6	0.49	0.33	0.49	0.75	0.56	0.42	0.74	0.36	0.64	0.56	0.36	0.64	0.66	0.5	0.53	-0.45	0.5	0.69	0.31	-0.87	0.47	0.52	0.56	0.67
Total Assets	0.6		0.98	0.88	0.97	0.89	0.98	0.96	0.86	0.09	0.72	1.0	0.87	0.72	0.97	0.98	0.93	-0.84	0.98	0.89	0.49	-0.39	0.94	0.38	1.0	0.94
Short Long Term Debt Total	0.49	0.98		0.93	0.98	0.79	0.97	0.99	0.76	-0.02	0.68	0.98	0.86	0.68	0.93	1.0	0.91	-0.83	1.0	0.85	0.51	-0.3	0.96	0.31	0.99	0.88
Other Current Liab	0.33	0.88	0.93		0.93	0.61	0.9	0.91	0.56	-0.3	0.65	0.88	0.9	0.65	0.81	0.93	0.87	-0.74	0.93	0.79	0.4	-0.16	0.85	-0.04	0.9	0.73
Total Current Liabilities	0.49	0.97	0.98	0.93		0.78	0.96	0.98	0.75	0.01	0.64	0.98	0.91	0.64	0.94	0.98	0.95	-0.8	0.99	0.83	0.53	-0.34	0.95	0.22	0.98	0.87
Total Stockholder Equity	0.75	0.89	0.79	0.61	0.78		0.87	0.74	1.0	0.28	0.75	0.87	0.68	0.75	0.91	0.79	0.81	-0.75	0.79	0.88	0.42	-0.5	0.73	0.58	0.86	0.98
Property Plant And Equipment Net	0.56	0.98	0.97	0.9	0.96	0.87		0.92	0.84	-0.06	0.79	0.97	0.86	0.79	0.93	0.96	0.91	-0.87	0.96	0.93	0.51	-0.34	0.88	0.31	0.98	0.94
Net Debt	0.42	0.96	0.99	0.91	0.98	0.74	0.92		0.7	0.05	0.55	0.97	0.88	0.55	0.91	0.99	0.88	-0.78	0.99	0.76	0.48	-0.27	0.98	0.29	0.97	0.83
Retained Earnings	0.74	0.86	0.76	0.56	0.75	1.0	0.84	0.7		0.29	0.75	0.84	0.64	0.74	0.89	0.76	0.77	-0.73	0.76	0.86	0.42	-0.47	0.7	0.62	0.83	0.96
Accounts Payable	0.36	0.09	-0.02	-0.3	0.01	0.28	-0.06	0.05	0.29		-0.3	0.12	0.03	-0.31	0.23	0.01	0.03	0.03	0.01	-0.14	-0.13	-0.51	0.14	0.47	0.06	0.19
Cash	0.64	0.72	0.68	0.65	0.64	0.75	0.79	0.55	0.75	-0.3		0.66	0.49	1.0	0.65	0.67	0.67	-0.72	0.66	0.95	0.47	-0.31	0.49	0.31	0.7	0.76
Non Current Assets Total	0.56	1.0	0.98	0.88	0.98	0.87	0.97	0.97	0.84	0.12	0.66		0.88	0.66	0.97	0.99	0.92	-0.82	0.99	0.85	0.48	-0.38	0.96	0.38	0.99	0.93
Non Currrent Assets Other	0.36	0.87	0.86	0.9	0.91	0.68	0.86	0.88	0.64	0.03	0.49	0.88		0.49	0.87	0.88	0.89	-0.71	0.89	0.7	0.2	-0.26	0.82	-0.07	0.9	0.79
Cash And Short Term Investments	0.64	0.72	0.68	0.65	0.64	0.75	0.79	0.55	0.74	-0.31	1.0	0.66	0.49		0.65	0.66	0.66	-0.72	0.66	0.95	0.46	-0.31	0.49	0.31	0.7	0.76
Net Receivables	0.66	0.97	0.93	0.81	0.94	0.91	0.93	0.91	0.89	0.23	0.65	0.97	0.87	0.65		0.94	0.93	-0.76	0.94	0.85	0.44	-0.48	0.92	0.4	0.96	0.95
Non Current Liabilities Total	0.5	0.98	1.0	0.93	0.98	0.79	0.96	0.99	0.76	0.01	0.67	0.99	0.88	0.66	0.94		0.9	-0.82	1.0	0.84	0.47	-0.32	0.96	0.3	0.99	0.88
Other Current Assets	0.53	0.93	0.91	0.87	0.95	0.81	0.91	0.88	0.77	0.03	0.67	0.92	0.89	0.66	0.93	0.9		-0.77	0.92	0.84	0.55	-0.34	0.86	0.18	0.93	0.87
Other Stockholder Equity	-0.45	-0.84	-0.83	-0.74	-0.8	-0.75	-0.87	-0.78	-0.73	0.03	-0.72	-0.82	-0.71	-0.72	-0.76	-0.82	-0.77		-0.82	-0.81	-0.3	0.25	-0.7	-0.29	-0.85	-0.86
Total Liab	0.5	0.98	1.0	0.93	0.99	0.79	0.96	0.99	0.76	0.01	0.66	0.99	0.89	0.66	0.94	1.0	0.92	-0.82		0.84	0.49	-0.32	0.96	0.28	0.99	0.88
Total Current Assets	0.69	0.89	0.85	0.79	0.83	0.88	0.93	0.76	0.86	-0.14	0.95	0.85	0.7	0.95	0.85	0.84	0.84	-0.81	0.84		0.5	-0.4	0.71	0.35	0.88	0.9
Short Term Debt	0.31	0.49	0.51	0.4	0.53	0.42	0.51	0.48	0.42	-0.13	0.47	0.48	0.2	0.46	0.44	0.47	0.55	-0.3	0.49	0.5		-0.16	0.53	0.43	0.44	0.41
Short Term Investments	-0.87	-0.39	-0.3	-0.16	-0.34	-0.5	-0.34	-0.27	-0.47	-0.51	-0.31	-0.38	-0.26	-0.31	-0.48	-0.32	-0.34	0.25	-0.32	-0.4	-0.16		-0.34	-0.33	-0.37	-0.44
Intangible Assets	0.47	0.94	0.96	0.85	0.95	0.73	0.88	0.98	0.7	0.14	0.49	0.96	0.82	0.49	0.92	0.96	0.86	-0.7	0.96	0.71	0.53	-0.34		0.36	0.94	0.8
Other Assets	0.52	0.38	0.31	-0.04	0.22	0.58	0.31	0.29	0.62	0.47	0.31	0.38	-0.07	0.31	0.4	0.3	0.18	-0.29	0.28	0.35	0.43	-0.33	0.36		0.32	0.47
Good Will	0.56	1.0	0.99	0.9	0.98	0.86	0.98	0.97	0.83	0.06	0.7	0.99	0.9	0.7	0.96	0.99	0.93	-0.85	0.99	0.88	0.44	-0.37	0.94	0.32		0.93
Common Stock	0.67	0.94	0.88	0.73	0.87	0.98	0.94	0.83	0.96	0.19	0.76	0.93	0.79	0.76	0.95	0.88	0.87	-0.86	0.88	0.9	0.41	-0.44	0.8	0.47	0.93

Click cells to compare fundamentals

Open Text Account Relationship Matchups

Open Text fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	271.8M	273.5M	271.9M	270.5M	272.6M	239.3M
Total Assets	10.2B	9.6B	10.2B	17.1B	14.2B	14.9B
Short Long Term Debt Total	4.5B	3.9B	4.5B	9.2B	6.7B	7.0B
Other Current Liab	376.5M	307.8M	334.6M	808.1M	780.2M	819.2M
Total Current Liabilities	1.9B	1.4B	1.5B	3.2B	2.8B	2.9B
Total Stockholder Equity	4.0B	4.1B	4.0B	4.0B	4.2B	4.4B
Property Plant And Equipment Net	452.4M	468.1M	442.8M	642.6M	587.5M	616.9M
Net Debt	2.8B	2.3B	2.8B	8.0B	5.4B	5.7B
Retained Earnings	2.2B	2.2B	2.2B	2.0B	2.1B	2.2B
Accounts Payable	41.5M	57.5M	114.0M	162.7M	151.2M	100.9M
Cash	1.7B	1.6B	1.7B	1.2B	1.3B	1.3B
Non Current Assets Total	7.8B	7.4B	7.9B	14.8B	11.9B	12.5B
Non Currrent Assets Other	123.5M	141.7M	147.5M	313.3M	454.1M	476.8M
Cash And Short Term Investments	1.7B	1.6B	1.7B	1.2B	1.3B	1.3B
Net Receivables	557.1M	496.2M	471.1M	821.9M	757.7M	795.6M
Liabilities And Stockholders Equity	10.2B	9.6B	10.2B	17.1B	14.2B	14.9B
Non Current Liabilities Total	4.3B	4.1B	4.7B	9.8B	7.2B	7.6B
Other Current Assets	211.8M	98.6M	120.6M	221.7M	242.9M	255.1M
Other Stockholder Equity	(23.6M)	(69.4M)	(160.0M)	(151.6M)	(123.3M)	(117.1M)
Total Liab	6.2B	5.5B	6.1B	13.1B	10.0B	10.5B
Total Current Assets	2.4B	2.2B	2.3B	2.3B	2.3B	2.4B
Short Term Debt	674.1M	126.6M	66.4M	412.3M	112.3M	88.9M
Accumulated Other Comprehensive Income	17.8M	66.2M	(7.7M)	(53.6M)	(69.6M)	(66.1M)
Intangible Assets	1.6B	1.2B	1.1B	4.1B	2.5B	2.6B
Other Assets	1.0B	938.4M	1.1B	1.4B	1.0	0.95
Good Will	4.7B	4.7B	5.2B	8.7B	7.5B	7.9B
Common Stock	1.9B	1.9B	2.0B	2.2B	2.3B	2.4B
Property Plant Equipment	244.6M	401.9M	244.7M	356.9M	410.4M	431.0M
Current Deferred Revenue	812.2M	852.6M	902.2M	1.7B	1.5B	1.6B
Other Liab	522.4M	344.7M	270.2M	1.0B	1.2B	1.2B
Long Term Debt	3.6B	3.6B	4.2B	8.6B	6.4B	6.7B
Inventory	(43.9M)	(75.3M)	25.6M	45.9M	(3.9M)	(3.7M)
Noncontrolling Interest In Consolidated Entity	1.3M	1.5M	1.1M	1.3M	1.5M	1.6M
Common Stock Total Equity	1.9B	1.9B	2.0B	2.2B	2.5B	1.3B
Retained Earnings Total Equity	2.2B	2.2B	2.2B	2.0B	2.4B	1.3B
Deferred Long Term Liab	148.7M	50.3M	65.9M	424.0M	487.5M	511.9M
Treasury Stock	(18.7M)	(28.8M)	(23.6M)	(69.4M)	(62.4M)	(59.3M)

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Open Cash vs Cash And Short Term Investments Analysis

Cash vs Cash And Short Term Investments

Cash vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Cash

Cash And Short Term Investments

Open Text fundamental ratios Correlations

Open Text Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Open Text fundamental ratios Accounts

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Additional Tools for Open Stock Analysis

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash

Other Stockholder Equity	- 0.87	Property Plant And Equipment Net
Short Term Investments	- 0.87	Common Stock Shares Outstanding
Common Stock	- 0.86	Other Stockholder Equity
Good Will	- 0.85	Other Stockholder Equity
Other Stockholder Equity	- 0.84	Total Assets
Other Stockholder Equity	- 0.83	Short Long Term Debt Total