Open Cash Ratio from 2010 to 2024

OTEX Stock  USD 30.28  0.83  2.82%   
Open Text Cash Ratio yearly trend continues to be fairly stable with very little volatility. Cash Ratio will likely drop to 0.43 in 2024. During the period from 2010 to 2024, Open Text Cash Ratio regression line of annual values had r-squared of  0.31 and arithmetic mean of  1.04. View All Fundamentals
 
Cash Ratio  
First Reported
2010-12-31
Previous Quarter
0.45729861
Current Value
0.43
Quarterly Volatility
0.76562847
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Open Text financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Open Text's main balance sheet or income statement drivers, such as Interest Expense of 593.6 M, Total Revenue of 6.1 B or Gross Profit of 4.4 B, as well as many indicators such as Price To Sales Ratio of 1.34, Dividend Yield of 0.0344 or PTB Ratio of 3.16. Open financial statements analysis is a perfect complement when working with Open Text Valuation or Volatility modules.
  
Check out the analysis of Open Text Correlation against competitors.

Latest Open Text's Cash Ratio Growth Pattern

Below is the plot of the Cash Ratio of Open Text Corp over the last few years. It is Open Text's Cash Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Open Text's overall financial position and show how it may be relating to other accounts over time.
Cash Ratio10 Years Trend
Slightly volatile
   Cash Ratio   
       Timeline  

Open Cash Ratio Regression Statistics

Arithmetic Mean1.04
Geometric Mean0.86
Coefficient Of Variation73.48
Mean Deviation0.49
Median0.89
Standard Deviation0.77
Sample Variance0.59
Range3.0004
R-Value(0.56)
Mean Square Error0.43
R-Squared0.31
Significance0.03
Slope(0.1)
Total Sum of Squares8.21

Open Cash Ratio History

2024 0.43
2023 0.46
2022 0.38
2021 1.15
2020 1.18
2018 0.93
2017 0.69

About Open Text Financial Statements

Open Text investors use historical fundamental indicators, such as Open Text's Cash Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Open Text. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Cash Ratio 0.46  0.43 

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Additional 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.