Open Common Stock vs Other Current Liab Analysis
OTEX Stock | USD 30.79 0.08 0.26% |
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 Common Stock and its Other Current Liab 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 tightly coupled with the direction of predictive economic indicators such as signals in income.
Common Stock vs Other Current Liab
Common Stock vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Open Text Corp Common Stock account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Open Text's Common Stock and Other Current Liab is 0.67. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Current Liab 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 Common Stock and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Open Text Corp are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Common Stock i.e., Open Text's Common Stock and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Common Stock
Other Current Liab
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 tightly coupled 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 85.5 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 7.97 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.4B | 3.2B | 3.6B | 3.8B | Total Revenue | 3.5B | 4.5B | 5.2B | 5.4B |
Open Text fundamental ratios Correlations
Click cells to compare fundamentals
Open Text Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Open Text fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 271.8M | 273.5M | 271.9M | 270.5M | 311.0M | 237.1M | |
Total Assets | 10.2B | 9.6B | 10.2B | 17.1B | 19.7B | 20.6B | |
Short Long Term Debt Total | 4.5B | 3.9B | 4.5B | 9.2B | 10.6B | 11.2B | |
Other Current Liab | 376.5M | 17.4M | 51.1M | 922.8M | 1.1B | 1.1B | |
Total Current Liabilities | 1.9B | 1.4B | 1.5B | 3.2B | 3.7B | 3.9B | |
Total Stockholder Equity | 4.0B | 4.1B | 4.0B | 4.0B | 4.6B | 4.9B | |
Property Plant And Equipment Net | 452.4M | 468.1M | 442.8M | 642.6M | 739.0M | 776.0M | |
Net Debt | 2.8B | 2.3B | 2.8B | 8.0B | 9.2B | 9.7B | |
Retained Earnings | 2.2B | 2.2B | 2.2B | 2.0B | 2.4B | 2.5B | |
Accounts Payable | 41.5M | 423.6M | 448.6M | 162.7M | 187.1M | 127.0M | |
Cash | 1.7B | 1.6B | 1.7B | 1.2B | 1.4B | 1.5B | |
Non Current Assets Total | 7.8B | 7.4B | 7.9B | 14.8B | 17.0B | 17.9B | |
Non Currrent Assets Other | 123.5M | 141.7M | 147.5M | 313.3M | 360.3M | 378.3M | |
Cash And Short Term Investments | 1.7B | 1.6B | 1.7B | 1.2B | 1.4B | 1.5B | |
Net Receivables | 557.1M | 496.2M | 471.1M | 821.9M | 945.2M | 992.4M | |
Liabilities And Stockholders Equity | 10.2B | 9.6B | 10.2B | 17.1B | 19.7B | 20.6B | |
Non Current Liabilities Total | 4.3B | 4.1B | 4.7B | 9.8B | 11.3B | 11.9B | |
Other Current Assets | 211.8M | 72.9M | 120.6M | 175.9M | 202.3M | 212.4M | |
Other Stockholder Equity | (23.6M) | (69.4M) | (160.0M) | (151.6M) | (136.4M) | (129.6M) | |
Total Liab | 6.2B | 5.5B | 6.1B | 13.1B | 15.0B | 15.8B | |
Total Current Assets | 2.4B | 2.2B | 2.3B | 2.3B | 2.6B | 2.7B | |
Short Term Debt | 674.1M | 68.3M | 66.4M | 412.3M | 474.1M | 497.8M | |
Accumulated Other Comprehensive Income | 17.8M | 66.2M | (7.7M) | (53.6M) | (48.2M) | (45.8M) | |
Intangible Assets | 1.6B | 1.2B | 1.1B | 4.1B | 4.7B | 4.9B | |
Other Assets | 1.0B | 938.4M | 1.1B | 1.4B | 1.6B | 1.7B | |
Good Will | 4.7B | 4.7B | 5.2B | 8.7B | 10.0B | 10.5B | |
Common Stock | 1.9B | 1.9B | 2.0B | 2.2B | 2.5B | 2.6B | |
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 | 2.0B | 2.1B | |
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 | 9.8B | 10.3B | |
Inventory | (43.9M) | (75.3M) | 25.6M | 45.9M | 41.3M | 43.3M | |
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) |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Open Text Corp information on this page should be used as a complementary analysis to other Open Text's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Open Stock analysis
When running Open Text's price analysis, check to measure Open Text's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Open Text is operating at the current time. Most of Open Text's value examination focuses on studying past and present price action to predict the probability of Open Text's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open Text's price. Additionally, you may evaluate how the addition of Open Text to your portfolios can decrease your overall portfolio volatility.
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |
Is Open Text's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Open Text. If investors know Open will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Open Text listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.714 | Dividend Share 0.993 | Earnings Share 0.62 | Revenue Per Share 21.729 | Quarterly Revenue Growth 0.163 |
The market value of Open Text Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Text's value that differs from its market value or its book value, called intrinsic value, which is Open Text's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Open Text's market value can be influenced by many factors that don't directly affect Open Text's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Open Text's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Text is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Text's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.