OTEXOpen Text Corporation

$24.34

Is it safe?

Can OTEX take a bad year?

Open Text Corporation carries $4.96B of net debt at 3.97× EBITDA: a load its earnings can carry.

$4.96B

Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.97×

Net debt / EBITDA · 4.10× a year ago · the load is coming down

Debt / equity
1.57×

Debt / equity

Annualised volatility
35%

Annualised volatility · about as steady as the market itself

Details
Total debtQ3 2026
$6.21B
Cash and short-term investments
$1.25B
Net debt
$4.96B
EBITDA, trailing twelve months
$1.25B
Operating profit, trailing twelve months
$944M
Debt / equity
1.57×
Total debt / EBITDA
4.98×
Annualised volatilitytwo years of daily moves
35%
Worst drawdown on file
−58%
Below its 52-week high
−37%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.