Open Text Balance Sheet Health
Financial Health criteria checks 1/6
Open Text has a total shareholder equity of $4.0B and total debt of $8.5B, which brings its debt-to-equity ratio to 211.4%. Its total assets and total liabilities are $16.4B and $12.4B respectively. Open Text's EBIT is $852.8M making its interest coverage ratio 1.7. It has cash and short-term investments of $1.0B.
Key information
211.4%
Debt to equity ratio
US$8.52b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$1.01b |
| Equity | US$4.03b |
| Total liabilities | US$12.41b |
| Total assets | US$16.44b |
Recent financial health updates
Open Text (NASDAQ:OTEX) Has A Pretty Healthy Balance Sheet
Mar 22
Here's Why Open Text (NASDAQ:OTEX) Has A Meaningful Debt Burden
Oct 20Here's Why Open Text (NASDAQ:OTEX) Has A Meaningful Debt Burden
Jul 14Does Open Text (NASDAQ:OTEX) Have A Healthy Balance Sheet?
Feb 27Does Open Text (NASDAQ:OTEX) Have A Healthy Balance Sheet?
Nov 20Recent updates
Open Text (NASDAQ:OTEX) Has A Pretty Healthy Balance Sheet
Mar 22Open Text's (NASDAQ:OTEX) Soft Earnings Don't Show The Whole Picture
Feb 08Open Text: Buy The Dip Post Earnings After Solid Q2 Results
Feb 05Open Text's (NASDAQ:OTEX) Returns On Capital Not Reflecting Well On The Business
Jan 28Investors Interested In Open Text Corporation's (NASDAQ:OTEX) Earnings
Jan 15An Intrinsic Calculation For Open Text Corporation (NASDAQ:OTEX) Suggests It's 42% Undervalued
Dec 07Here's Why We Think Open Text (NASDAQ:OTEX) Is Well Worth Watching
Nov 14Here's Why Open Text (NASDAQ:OTEX) Has A Meaningful Debt Burden
Oct 20Open Text (NASDAQ:OTEX) May Have Issues Allocating Its Capital
Oct 07Is There Now An Opportunity In Open Text Corporation (NASDAQ:OTEX)?
Sep 23Here's Why Shareholders May Want To Be Cautious With Increasing Open Text Corporation's (NASDAQ:OTEX) CEO Pay Packet
Sep 08Open Text (NASDAQ:OTEX) Is Increasing Its Dividend To $0.25
Aug 25Open Text (NASDAQ:OTEX) Has Announced That It Will Be Increasing Its Dividend To $0.25
Aug 09Here's Why Open Text (NASDAQ:OTEX) Has A Meaningful Debt Burden
Jul 14Some Investors May Be Worried About Open Text's (NASDAQ:OTEX) Returns On Capital
Jun 19What Is Open Text Corporation's (NASDAQ:OTEX) Share Price Doing?
Jun 05Are Investors Undervaluing Open Text Corporation (NASDAQ:OTEX) By 41%?
May 10Returns On Capital At Open Text (NASDAQ:OTEX) Have Stalled
Mar 13Does Open Text (NASDAQ:OTEX) Have A Healthy Balance Sheet?
Feb 27Should You Think About Buying Open Text Corporation (NASDAQ:OTEX) Now?
Feb 13Are Investors Undervaluing Open Text Corporation (NASDAQ:OTEX) By 33%?
Feb 01Investors Met With Slowing Returns on Capital At Open Text (NASDAQ:OTEX)
Dec 06Does Open Text (NASDAQ:OTEX) Have A Healthy Balance Sheet?
Nov 20Are Investors Undervaluing Open Text Corporation (NASDAQ:OTEX) By 50%?
Nov 02What Does Open Text Corporation's (NASDAQ:OTEX) Share Price Indicate?
Oct 19Micro Focus International approves all-cash offer by OpenText
Oct 18OpenText and Solarity enter strategic partnership
Sep 28Open Text (NASDAQ:OTEX) Is Paying Out A Larger Dividend Than Last Year
Aug 27OpenText to acquire Micro Focus International for 532 pence/share
Aug 26Financial Position Analysis
Short Term Liabilities: OTEX's short term assets ($4.1B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: OTEX's short term assets ($4.1B) do not cover its long term liabilities ($9.5B).
Debt to Equity History and Analysis
Debt Level: OTEX's net debt to equity ratio (186.4%) is considered high.
Reducing Debt: OTEX's debt to equity ratio has increased from 69.1% to 211.4% over the past 5 years.
Debt Coverage: OTEX's debt is not well covered by operating cash flow (10%).
Interest Coverage: OTEX's interest payments on its debt are not well covered by EBIT (1.7x coverage).