Cadence Design Systems Balance Sheet Health

Financial Health criteria checks 5/6

Cadence Design Systems has a total shareholder equity of $4.6B and total debt of $2.8B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are $9.2B and $4.6B respectively. Cadence Design Systems's EBIT is $1.3B making its interest coverage ratio 102.7. It has cash and short-term investments of $2.9B.

Key information

61.9%

Debt to equity ratio

US$2.83b

Debt

Interest coverage ratio	102.7x
Cash	US$2.94b
Equity	US$4.56b
Total liabilities	US$4.60b
Total assets	US$9.17b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: C1DN34's short term assets ($4.1B) exceed its short term liabilities ($1.7B).

Long Term Liabilities: C1DN34's short term assets ($4.1B) exceed its long term liabilities ($2.9B).

Debt to Equity History and Analysis

Debt Level: C1DN34 has more cash than its total debt.

Reducing Debt: C1DN34's debt to equity ratio has increased from 23.1% to 61.9% over the past 5 years.

Debt Coverage: C1DN34's debt is well covered by operating cash flow (38.6%).

Interest Coverage: C1DN34's interest payments on its debt are well covered by EBIT (102.7x coverage).

Cadence Design Systems Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

Cadence Design Systems, Inc. Provides Unaudited Financial Guidance for the Fourth Quarter and Full Year Ending December 31, 2024

Altair Engineering Reportedly Explores Sale After Acquisition Interest

Cadence Design Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024

Cadence Design Systems, Inc. to Report Q2, 2024 Results on Jul 22, 2024

Cadence Design Systems, Inc. Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of BETA CAE Systems International AG.

Cadence Design Systems, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Cadence Design Systems, Inc., Annual General Meeting, May 02, 2024

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024

John B. Shoven to Retire from the Board of Cadence Design Systems, Inc

Cadence Design Systems, Inc. Announces the Cadence Millennium Enterprise Multiphysics Platform

Cadence Design Systems, Inc. Significantly Advances ECAD/MCAD Convergence for Electronic Systems with New Celsius Studio AI Thermal Platform

Cadence Design Systems, Inc. (NasdaqGS:CDNS) acquired INVECAS Inc.

Cadence Design Systems, Inc. Announces Voltus InsightAI, Industry’s First Generative AI Technology that Automatically Identifies and Addresses EM-IR Violations

Cadence Design Systems, Inc. Expands Tensilica Ip Portfolio with New Hifi and Vision Dsps for Pervasive Intelligence and Edge Ai Inference

Cadence Design Systems, Inc. Expands Support for 3Dblox 2.0 Standard with New System Prototyping Flows

Cadence Design Systems, Inc. Announces the Expansion of its Node-to-Node Design Migration Flow Based on the Cadence Virtuoso Studio

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreement to acquire Intrinsix Corp. from CEVA, Inc. (NasdaqGS:CEVA) for $31.3 million.

Cadence Design Systems, Inc. Accelerates On-Device and Edge AI Performance and Efficiency with New Neo NPU IP and NeuroWeave SDK for Silicon Design

Cadence Design Systems, Inc. Unveils Next-Generation Ai-Driven Orcad X Delivering Up to 5X Faster Pcb Design and Enabled with Cadence Oncloud

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Rambus SerDes and memory interface PHY IP business from Rambus Inc. (NasdaqGS:RMBS).

Cadence Design Systems, Inc. Advances Pervasive Intelligence at the Edge with Next-Generation Extensible Tensilica Processor Platform

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Half and Full Year of Fiscal Year Ending December 31, 2023

Cadence Design Systems, Inc. Unveils Joules RTL Design Studio, Delivering Breakthrough Gains in RTL Productivity and Quality of Results

Cadence Design Systems, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Cadence Design Systems, Inc. Announces AI-Based Virtuoso Studio Certified for Samsung Foundry PDKs for Mature and Advanced Nodes

Cadence Design Systems, Inc. (NasdaqGS:CDNS) announces an Equity Buyback for $200 million worth of its shares.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) acquired Pulsic Limited.

Cadence Design Systems, Inc. Delivers 13 New VIP and Expands System VIP Portfolio to Accelerate Automotive, Hyperscale Data Center and Mobile SoC Verification

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2023

Cadence Quantus FS Solution Achieves Certification for Samsung Foundry’s SF4, SF3E and SF3 Process Technologies

Tachyum Announces Amicable Settlement with Cadence Design Systems, Inc

Cadence Design Systems, Inc. Introduces Industry’s Leading-Performance, Silicon-Proven 22Gbps GDDR6 IP at TSMC N5

Cadence Design Systems, Inc. Accelerates RF Design with Delivery of New TSMC N16 mmWave Reference Flow

Cadence Design Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2022

Cadence Design Systems, Inc. Announces the New Cadence Certus Closure Solution

Cadence Design Systems, Inc. Announced the Cadence Verisium Artificial Intelligence (A-Driven Verification Platform

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of OpenEye Scientific Software, Inc.

Press Release: Cadence Accelerates Hyperscale Soc Design with Industry's First Verification IP and System VIP for Cxl 3.0

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreements to acquire OpenEye Scientific Software, Inc. for approximately $500 million.

Cadence Design Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Future Facilities Limited.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into an agreement to acquire Future Facilities Limited.

Cadence Design Systems, Inc. Introduces the Voltus-XFi Custom Power Integrity Solution, Delivering over 3X Productivity Gains

Cadence Design Systems, Inc. Expands Tensilica® ConnX Family of Radar, Lidar and Communications

Cadence Design Systems, Inc. Announces Xcelium Apps, a Portfolio of Domain-Specific Technologies

Cadence Achieves PCIe 5.0 Specification Compliance for PHY and Controller IP in TSMC Advanced Technologies

Cadence Design Systems, Inc.'s RFIC Solutions Support TSMC N6RF Design Reference Flow

Cadence Design Systems, Inc. Announces Wide Range of Leading Semiconductor and System Customers Successfully Adopted Comprehensive Line-up of Cadence Design IP in TSMC’s 5nm Process Technology

Cadence Design Systems, Inc. Extends Cloud Leadership with Transformational Cadence OnCloud SaaS and E-Commerce Platform

Cadence Design Systems, Inc. Announces the Availability of 15 New Verification IP Solutions

Cadence Digital Full Flow Achieves Certification for Global Foundries(R) 12LP/12LP+ Process Platforms

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Quarter and Fiscal Year 2022

Cadence Design Systems, Inc. Ushers in New Era of Performance and Accuracy for Multiphysics System Simulation with Fidelity CFD

New Cadence High-Speed Ethernet Controller IP Family Enables Silicon-Proven Ethernet Subsystem Solutions up to 800Gbps

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2022

Cadence Design Systems, Inc. Appoints Mary Louise Krakauer to Board of Directors

Cadence Design Systems, Inc. Announces Full Dram Verification Solution for Automotive, Data Center, and Mobile Applications

Cadence Design Systems, Inc. Accelerates Intelligent SoC Development with Comprehensive On-Device Tensilica AI Platform

Cadence Design Systems, Inc. Announces the Release of Silicon-Validated SP4T RF-SOI Switch Reference Design Flow Using the Cadence® Virtuoso® Design Platform and RF Solution

Cadence Design Systems, Inc. Advances RF Design with the Latest AWR Design Environment Platform

Cadence Design Systems, Inc. Unveils Cadence®Tensilica® FloatingPoint DSP Family

Cadence Design Systems, Inc. Debuts Cadence Allegro X Design Platform

Cadence Design Systems, Inc. Unleashes Clarity 3D Solver on the Cloud for Straightforward, Secure and Scalable Electromagnetic Analysis of Complex Systems on AWS

Cadence Design Systems, Inc. Accelerates Cloud Hyperscale Infrastructure with Third-Generation 112G-LR SerDes IP on TSMC’s N5 Process

Cadence Introduces the Spectre FX FastSPICE Simulator Delivering Up to 3X Performance Gains with Superior Accuracy

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Quarter of 2021

Cadence Design Systems, Inc. Announces Next-Generation Cadence® Sigrity™ X Signal and Power Integrity Solutions

Susan L. Bostrom Not to Elect to Cadence Design Systems' Board of Directors

Cadence Design Systems, Inc. completed the acquisition of NUMECA International SA.

Cadence Design Systems, Inc.(NasdaqGS:CDNS) dropped from S&P 400 Application Software (Sub Ind)

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreement to acquire NUMECA International SA.

Samsung Foundry Certifies Cadence Design Systems, Inc.'s Cadence System Analysis and Advanced Packaging Design Tool Flow for 2.5/3D Chip Designs