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
US$6.39b
Debt
| 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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OTX's short term assets ($2.0B) do not cover its short term liabilities ($2.5B).
Long Term Liabilities: OTX's short term assets ($2.0B) do not cover its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: OTX's net debt to equity ratio (130.2%) is considered high.
Reducing Debt: OTX's debt to equity ratio has increased from 66.9% to 154.4% over the past 5 years.
Debt Coverage: OTX's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: OTX's interest payments on its debt are not well covered by EBIT (2.4x coverage).