OTEXOpen Text Corporation
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -58% · now 38% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can OTEX take a bad year?
Open Text Corporation carries $4.81B of net debt at 3.51× EBITDA: a load its earnings can carry.
Net debt · as at Q4 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.51×
Net debt / EBITDA · 4.30× a year ago · the load is coming down
- Debt / equity
- 1.44×
Debt / equity
- Annualised volatility
- 36%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ4 2026
- $5.77B
- Cash and short-term investments
- $956M
- Net debt
- $4.81B
- EBITDA, trailing twelve months
- $1.37B
- Operating profit, trailing twelve months
- $1.08B
- Debt / equity
- 1.44×
- Total debt / EBITDA
- 4.21×
- Annualised volatilitytwo years of daily moves
- 36%
- Worst drawdown on file
- −58%
- Below its 52-week high
- 38%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Software, Application
Ranks #12 of 96 by RyuScore