Open Intangible Assets vs Net Debt Analysis
OTEX Stock | USD 35.66 0.02 0.06% |
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 Intangible Assets and its Net Debt 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.
Intangible Assets vs Net Debt
Intangible Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Open Text Corp Intangible Assets account and Net Debt. At this time, the significance of the direction appears to have totally related.
The correlation between Open Text's Intangible Assets and Net Debt is 0.99. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Debt 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 Intangible Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Open Text Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Intangible Assets i.e., Open Text's Intangible Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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) |
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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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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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 (0.85) | Dividend Share 0.986 | Earnings Share 0.48 | Revenue Per Share 21.019 | Quarterly Revenue Growth 0.71 |
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.