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: 0HS2's short term assets ($4.1B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: 0HS2's short term assets ($4.1B) exceed its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: 0HS2 has more cash than its total debt.
Reducing Debt: 0HS2's debt to equity ratio has increased from 23.1% to 61.9% over the past 5 years.
Debt Coverage: 0HS2's debt is well covered by operating cash flow (38.6%).
Interest Coverage: 0HS2's interest payments on its debt are well covered by EBIT (102.7x coverage).