| OTEX Stock | | | USD 29.18 0.31 1.07% |
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 Cash and its Accounts Payable 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 closely tied with the direction of predictive economic indicators such as
signals in income.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Open Text Corp Cash account and
Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Open Text's Cash and Accounts Payable is -0.3. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable 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 Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Open Text Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Open Text's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.3 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Open Text Corp, which is listed under current asset account on Open Text Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Open Text customers. The amounts must be unrestricted with restricted cash listed in a different Open Text account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Accounts Payable
An accounting item on the balance sheet that represents Open Text obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Open Text Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 closely tied 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 277.2
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 7.11 in 2024.
Open Text fundamental ratios Correlations
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Open Text Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Open Text fundamental ratios Accounts
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Additional Tools for Open Stock Analysis
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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.