Open Text Balance Sheet Health
Financial Health criteria checks 2/6
Open Text has a total shareholder equity of $4.1B and total debt of $5.2B, which brings its debt-to-equity ratio to 126.2%. Its total assets and total liabilities are $11.2B and $7.1B respectively. Open Text's EBIT is $660.4M making its interest coverage ratio 4.4. It has cash and short-term investments of $2.8B.
Key information
126.2%
Debt to equity ratio
US$5.20b
Debt
Interest coverage ratio | 4.4x |
Cash | US$2.82b |
Equity | US$4.12b |
Total liabilities | US$7.10b |
Total assets | US$11.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OTEX N's short term assets ($3.5B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: OTEX N's short term assets ($3.5B) do not cover its long term liabilities ($5.6B).
Debt to Equity History and Analysis
Debt Level: OTEX N's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: OTEX N's debt to equity ratio has increased from 76.3% to 126.2% over the past 5 years.
Debt Coverage: OTEX N's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: OTEX N's interest payments on its debt are well covered by EBIT (4.4x coverage).