Open Text Corporation

Open Text Corporationverified

OTEX

Price:

$31.82

Market Cap:

$8.53B

Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform. The company also provides eDiscovery platform that provides forensics and unstructured data analytic...[Read more]

Industry

Software - Application

IPO Date

1996-01-24

Stock Exchange

NASDAQ

Ticker

OTEX

The Current Ratio as of September 2024 (TTM) for Open Text Corporation (OTEX) is 0.80

According to Open Text Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.80. This represents a change of -25.06% compared to the average of 1.06 of the last 4 quarters.

Open Text Corporation (OTEX) Historical Current Ratio (quarterly & annually)

How has OTEX Current Ratio performed in the past?

The mean historical Current Ratio of Open Text Corporation over the last ten years is 1.39. The current 0.80 Current Ratio has changed 5.62% with respect to the historical average. Over the past ten years (40 quarters), OTEX's Current Ratio was at its highest in in the December 2016 quarter at 3.29. The Current Ratio was at its lowest in in the December 2019 quarter at 0.62.

Quarterly (TTM)
Annual

Average

1.39

Median

1.44

Minimum

0.71

Maximum

2.49

Open Text Corporation (OTEX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Open Text Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 49.92%

Maximum Annual Current Ratio = 2.49

Minimum Annual Increase = -64.27%

Minimum Annual Current Ratio = 0.71

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240.8012.82%
20230.71-54.60%
20221.56-3.73%
20211.6229.02%
20201.25-18.55%
20191.5415.28%
20181.3349.92%
20170.89-64.27%
20162.4941.65%
20151.7642.32%

Open Text Corporation (OTEX) Average Current Ratio

How has OTEX Current Ratio performed in the past?

The current Current Ratio of Open Text Corporation (OTEX) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.02

5-year avg

1.19

10-year avg

1.39

Open Text Corporation (OTEX) Current Ratio vs. Peers

How is OTEX’s Current Ratio compared to its peers?

Open Text Corporation’s Current Ratio is less than Paycom Software, Inc. (1.08), less than Lightspeed Commerce Inc. (6.09), greater than PowerSchool Holdings, Inc. (0.27), greater than Absolute Software Corporation (0.65), less than Enfusion, Inc. (4.15), less than Guidewire Software, Inc. (1.55), less than Manhattan Associates, Inc. (1.15), less than E2open Parent Holdings, Inc. (1.00), less than Model N, Inc. (3.82), less than Aspen Technology, Inc. (2.60), greater than Bentley Systems, Incorporated (0.49), less than Tyler Technologies, Inc. (1.06), less than Blackbaud, Inc. (0.80), less than SS&C Technologies Holdings, Inc. (1.16), less than The Descartes Systems Group Inc. (1.79), less than ANSYS, Inc. (2.95), less than SAP SE (1.12), greater than Roper Technologies, Inc. (0.53), less than Cadence Design Systems, Inc. (1.43), greater than PTC Inc. (0.69),

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