Open Text Corporation
TSX:OTEX Stock Report
Open Text Balance Sheet Health
Financial Health criteria checks 0/6 Open Text has a total shareholder equity of $4.1B and total debt of $6.4B, which brings its debt-to-equity ratio to 154.4%. Its total assets and total liabilities are $13.8B and $9.6B respectively. Open Text's EBIT is $1.0B making its interest coverage ratio 2.4. It has cash and short-term investments of $1.0B.
Key information
154.4%
Debt to equity ratio
Interest coverage ratio 2.4x Cash US$1.00b Equity US$4.14b Total liabilities US$9.64b Total assets US$13.78b
Recent financial health updates
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Vice Chairman recently sold CA$2.4m worth of stock Nov 08
First quarter dividend of US$0.26 announced Nov 04
First quarter 2025 earnings: EPS exceeds analyst expectations Nov 01
Open Text Corporation Declares Quarterly Cash Dividend, Payable December 20, 2024 Nov 01
Open Text Corporation to Report Q1, 2025 Results on Oct 31, 2024 Oct 09
Open Text Corporation Announces Resignation of Ann M. Powell as Director Sep 13
OpenText Unveils its OpenText Axcelerate with Aviator Aug 09 Open Text Corporation Declares Quarterly Cash Dividend, Payable on September 20, 2024
Open Text Corporation to Report Q4, 2024 Results on Aug 01, 2024 Jul 11 Open Text Corporation, Annual General Meeting, Sep 12, 2024 Open Text Corporation Plans Reduction of Approximately 1,200 Positions Across Jul 04
Insufficient new directors Jul 01
Independent Director recently sold CA$9.8m worth of stock Jun 09
Upcoming dividend of US$0.25 per share May 24
Investor sentiment deteriorates as stock falls 15% May 09
OpenText Empowers Cyber Defenders with Innovations to Outmaneuver Sophisticated Threats May 08
Third quarter dividend of US$0.25 announced May 06 Open Text Corporation (NasdaqGS:OTEX) announces an Equity Buyback for 13,643,472 shares, representing 5% for $250 million.
Open Text Corporation Announces Cloud Editions 24.2 Apr 16 Open Text Corporation to Report Q3, 2024 Results on May 02, 2024
Upcoming dividend of CA$0.25 per share Feb 22
Vice Chairman recently sold CA$22m worth of stock Feb 12
Second quarter dividend of CA$0.25 announced Feb 05
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Feb 02
Open Text Corporation Declares Cash Dividend, Payable on March 20, 2024 Feb 02
Open Text Corporation to Report Q2, 2024 Results on Feb 01, 2024 Jan 11
Open Text Corporation Announces Appointment of Denise Miura as SVP & President of OpenText Japan Jan 09
Independent Director recently sold CA$7.3m worth of stock Dec 22
Independent Director recently sold CA$6.0m worth of stock Dec 07
Open Text Corporation Appoints Goldy Hyder to its Board of Directors Dec 07
Upcoming dividend of CA$0.25 per share at 2.6% yield Nov 23
Open Text Corporation Declares Cash Dividend, Payable on December 20, 2023 Nov 04
First quarter 2024 earnings: EPS and revenues exceed analyst expectations Nov 03
OpenText AI Enables Smarter Organizations Oct 12
Open Text Corporation to Report Q1, 2024 Results on Nov 02, 2023 Oct 11
Insufficient new directors Oct 01
Executive VP & Chief Product Officer recently sold CA$1.5m worth of stock Aug 28
New minor risk - Insider selling Aug 28
Open Text Corporation acquired KineMatik Ltd. Aug 24
Upcoming dividend of US$0.25 per share at 2.6% yield Aug 24
Open Text Corporation Declares Quarterly Dividend, Payable on September 22, 2023 Aug 05
Full year 2023 earnings: EPS misses analyst expectations Aug 04
Open Text Corporation to Report Q4, 2023 Results on Aug 03, 2023 Jul 12
Open Text Corporation to Report Q4, 2023 Results on Aug 03, 2023 Jul 11
Open Text Corporation, Annual General Meeting, Sep 14, 2023 Jul 08
Independent Lead Director recently sold CA$57k worth of stock Jun 05
Upcoming dividend of US$0.24 per share at 2.4% yield May 25
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations May 06
Open Text Corporation Declares Cash Dividend, Payable on June 23, 2023 May 05
Upcoming dividend of US$0.24 per share at 2.8% yield Feb 23
Open Text Corporation Announces Cloud Editions 23.1 Feb 17
Insider recently sold CA$96k worth of stock Feb 13
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Feb 05
Open Text Corporation Provides Earnings Guidance for the Year 2023 Feb 04
Open Text Corporation Declares Dividend, Payable on March 23, 2023 Feb 03
Open Text Corporation (NasdaqGS:OTEX) completed the acquisition of Micro Focus International plc (LSE : MCRO) from Dodge & Cox & Others. Feb 01
Open Text Corporation to Report Q2, 2023 Results on Feb 02, 2023 Jan 11
Non-Independent Director recently bought CA$2.3m worth of stock Dec 21
Open Text Corporation Announces Executive Changes Dec 09
Non-Independent Director recently bought CA$2.1m worth of stock Dec 05
Independent Chairman of the Board recently bought CA$11m worth of stock Nov 25
Upcoming dividend of US$0.24 per share Nov 24
First quarter 2023 earnings: EPS misses analyst expectations Nov 05 Open Text Corporation Reaffirms Financial Guidance for the Fiscal Year 2022
Open Text Corporation Introduces Cloud Editions 22.4 and Project Titanium Oct 06 OpenText Security Solutions Announces Nastiest Malware of 2022
Independent Director recently bought CA$6.1m worth of stock Sep 17
Open Text Corporation (NasdaqGS:OTEX) entered into an agreement to acquire Micro Focus International plc (LSE:MCRO) for £1.8 billion Aug 27
Investor sentiment deteriorated over the past week Aug 26
Open Text Corporation (NasdaqGS:OTEX) entered into an agreement to acquire Micro Focus International plc (LSE:MCRO) for £1.8 billion Aug 26
Upcoming dividend of US$0.24 per share Aug 25
Open Text Corporation Declares Quarterly Cash Dividend, Payable on September 23, 2022 Aug 06
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Aug 05
Open Text Corporation Unveils Cloud Editions 22.3 Aug 05 Open Text Corporation, Annual General Meeting, Sep 15, 2022 Jul 09
Open Text Corporation to Report Q4, 2022 Results on Aug 04, 2022 Jul 08
Open Text Corporation Accelerates Cloud Investments with Project Titanium Jun 22
Opentext Business Network Cloud Innovations Drive Seamless Connectivity Across Digital Ecosystems Jun 07
Open Text Corporation Security Cloud Powers and Protects Businesses Jun 04
Upcoming dividend of US$0.22 per share May 26
Third quarter 2022 earnings: EPS misses analyst expectations May 06
Open Text Corporation Announces Quarterly Cash Dividend, Payable on June 24, 2022 May 05
Open Text Corporation to Report Q3, 2022 Results on May 04, 2022 Apr 07
Senior VP & Chief Information Officer recently sold CA$83k worth of stock Mar 18
OpenText Showcases Latest eDiscovery Innovations At Legalweek New York 2022 Mar 10
Financial Position Analysis
Short Term Liabilities: OTEX's short term assets ($2.0B) do not cover its short term liabilities ($2.5B).
Long Term Liabilities: OTEX's short term assets ($2.0B) do not cover its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: OTEX's net debt to equity ratio (130.2%) is considered high .
Reducing Debt: OTEX's debt to equity ratio has increased from 66.9% to 154.4% over the past 5 years.
Debt Coverage: OTEX's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: OTEX's interest payments on its debt are not well covered by EBIT (2.4x coverage).
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