Open Text Corp (OTEX) — Working Capital to Net Assets Ratio
Open Text Corp (OTEX) has a Working Capital to Net Assets ratio of -3.8% as of December 2025. Working capital of $-152.64 Million (current assets of $2.35 Billion minus current liabilities of $2.50 Billion) is measured against net assets of $4.05 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Open Text Corp financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Open Text Corp Working Capital to Net Assets (1997–2025)
This chart shows how Open Text Corp's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of December 2025, the ratio stands at -3.8%, reflecting working capital of $-152.64 Million against net assets of $4.05 Billion USD. See Open Text Corp (OTEX) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Open Text Corp (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Open Text Corp from 1997 to 2025, covering 29 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see OTEX stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -13.9% | $-545.60 Million | $3.93 Billion | $2.20 Billion | $2.75 Billion | ▼ -1.4 pp |
| 2024 | -12.5% | $-523.17 Million | $4.20 Billion | $2.28 Billion | $2.80 Billion | ▲ +11.0 pp |
| 2023 | -23.5% | $-944.38 Million | $4.02 Billion | $2.28 Billion | $3.22 Billion | ▼ -43.7 pp |
| 2022 | 20.3% | $817.11 Million | $4.03 Billion | $2.29 Billion | $1.47 Billion | ▼ -0.2 pp |
| 2021 | 20.5% | $840.16 Million | $4.10 Billion | $2.20 Billion | $1.36 Billion | ▲ +8.5 pp |
| 2020 | 12.0% | $482.17 Million | $4.01 Billion | $2.39 Billion | $1.90 Billion | ▼ -2.0 pp |
| 2019 | 14.1% | $546.61 Million | $3.88 Billion | $1.56 Billion | $1.01 Billion | ▲ +5.1 pp |
| 2018 | 9.0% | $332.98 Million | $3.72 Billion | $1.33 Billion | $994.60 Million | ▲ +12.5 pp |
| 2017 | -3.5% | $-123.57 Million | $3.53 Billion | $1.00 Billion | $1.13 Billion | ▼ -54.1 pp |
| 2016 | 50.6% | $1.00 Billion | $1.98 Billion | $1.67 Billion | $671.03 Million | ▲ +26.3 pp |
| 2015 | 24.3% | $445.20 Million | $1.83 Billion | $1.07 Billion | $624.44 Million | ▲ +13.7 pp |
| 2014 | 10.6% | $174.53 Million | $1.64 Billion | $815.74 Million | $641.20 Million | ▼ -3.5 pp |
| 2013 | 14.1% | $189.21 Million | $1.34 Billion | $717.09 Million | $527.88 Million | ▼ -12.5 pp |
| 2012 | 26.6% | $314.08 Million | $1.18 Billion | $790.88 Million | $476.79 Million | ▲ +17.0 pp |
| 2011 | 9.6% | $99.78 Million | $1.04 Billion | $515.16 Million | $415.37 Million | ▼ -3.6 pp |
| 2010 | 13.2% | $116.75 Million | $886.22 Million | $539.64 Million | $422.89 Million | ▼ -3.5 pp |
| 2009 | 16.6% | $114.21 Million | $686.46 Million | $434.91 Million | $320.70 Million | ▼ -3.9 pp |
| 2008 | 20.5% | $132.21 Million | $644.83 Million | $430.07 Million | $297.86 Million | ▲ +7.7 pp |
| 2007 | 12.8% | $67.77 Million | $531.04 Million | $350.44 Million | $282.66 Million | ▼ -3.0 pp |
| 2006 | 15.8% | $73.14 Million | $464.18 Million | $229.89 Million | $156.75 Million | ▲ +8.9 pp |
| 2005 | 6.9% | $28.93 Million | $420.19 Million | $191.90 Million | $162.97 Million | ▼ -16.8 pp |
| 2004 | 23.6% | $104.72 Million | $443.06 Million | $272.35 Million | $167.63 Million | ▼ -34.5 pp |
| 2003 | 58.2% | $94.44 Million | $162.40 Million | $164.12 Million | $69.68 Million | ▼ -14.0 pp |
| 2002 | 72.1% | $103.90 Million | $144.03 Million | $146.71 Million | $42.82 Million | ▲ +10.5 pp |
| 2001 | 61.7% | $82.03 Million | $133.03 Million | $124.00 Million | $41.98 Million | ▼ -9.4 pp |
| 2000 | 71.0% | $98.01 Million | $137.98 Million | $143.28 Million | $45.27 Million | ▼ -13.9 pp |
| 1999 | 84.9% | $197.60 Million | $232.80 Million | $229.50 Million | $31.90 Million | ▲ +32.1 pp |
| 1998 | 52.8% | $38.60 Million | $73.10 Million | $66.10 Million | $27.50 Million | ▼ -24.6 pp |
| 1997 | 77.4% | $32.90 Million | $42.50 Million | $42.80 Million | $9.90 Million | — |