Cadence Design Systems Balance Sheet Health
Financial Health criteria checks 6/6
Cadence Design Systems has a total shareholder equity of $3.6B and total debt of $649.3M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are $5.7B and $2.2B respectively. Cadence Design Systems's EBIT is $1.2B making its interest coverage ratio 201. It has cash and short-term investments of $1.0B.
Key information
18.2%
Debt to equity ratio
US$649.31m
Debt
| Interest coverage ratio | 201x |
| Cash | US$1.01b |
| Equity | US$3.57b |
| Total liabilities | US$2.15b |
| Total assets | US$5.72b |
Recent financial health updates
These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Jan 19
These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Oct 10These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Jul 11Does Cadence Design Systems (NASDAQ:CDNS) Have A Healthy Balance Sheet?
Apr 05Is Cadence Design Systems (NASDAQ:CDNS) A Risky Investment?
Jan 03Recent updates
Investors Still Waiting For A Pull Back In Cadence Design Systems, Inc. (NASDAQ:CDNS)
Apr 20Cadence Design Systems: AI R&D Upside Risk
Apr 17Under The Bonnet, Cadence Design Systems' (NASDAQ:CDNS) Returns Look Impressive
Mar 25Cadence Design Systems Is Locked In A Two-Headed Horse Race That Needs A Break
Mar 24Does Cadence Design Systems (NASDAQ:CDNS) Deserve A Spot On Your Watchlist?
Mar 12Cadence Design Systems: Impressive By Design
Mar 08Cadence Design Systems, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Feb 16Why Cadence Design Systems, Inc. (NASDAQ:CDNS) Could Be Worth Watching
Feb 13These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Jan 19Cadence Design Systems: Boosted Confidence In Resilience To Macro Headwinds
Jan 10With Cadence Design Systems, Inc. (NASDAQ:CDNS) It Looks Like You'll Get What You Pay For
Jan 07Charting the Course: Unlocking Potential in Tech
Dec 15
Charting the Course: Unlocking Potential in Tech
Dec 15The Trend Of High Returns At Cadence Design Systems (NASDAQ:CDNS) Has Us Very Interested
Nov 29Is Cadence Design Systems, Inc. (NASDAQ:CDNS) Expensive For A Reason? A Look At Its Intrinsic Value
Nov 16These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Oct 10When Should You Buy Cadence Design Systems, Inc. (NASDAQ:CDNS)?
Sep 13Investors Should Be Encouraged By Cadence Design Systems' (NASDAQ:CDNS) Returns On Capital
Aug 30Are Cadence Design Systems, Inc. (NASDAQ:CDNS) Investors Paying Above The Intrinsic Value?
Aug 16These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Jul 11What Is Cadence Design Systems, Inc.'s (NASDAQ:CDNS) Share Price Doing?
May 19Returns on Capital Paint A Bright Future For Cadence Design Systems (NASDAQ:CDNS)
May 03Does Cadence Design Systems (NASDAQ:CDNS) Have A Healthy Balance Sheet?
Apr 05Is It Time To Consider Buying Cadence Design Systems, Inc. (NASDAQ:CDNS)?
Feb 12We Think Cadence Design Systems (NASDAQ:CDNS) Might Have The DNA Of A Multi-Bagger
Jan 29Does This Valuation Of Cadence Design Systems, Inc. (NASDAQ:CDNS) Imply Investors Are Overpaying?
Jan 15Is Cadence Design Systems (NASDAQ:CDNS) A Risky Investment?
Jan 03At US$142, Is Cadence Design Systems, Inc. (NASDAQ:CDNS) Worth Looking At Closely?
Nov 07Financial Position Analysis
Short Term Liabilities: CDNS's short term assets ($1.9B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: CDNS's short term assets ($1.9B) exceed its long term liabilities ($688.8M).
Debt to Equity History and Analysis
Debt Level: CDNS has more cash than its total debt.
Reducing Debt: CDNS's debt to equity ratio has reduced from 28.9% to 18.2% over the past 5 years.
Debt Coverage: CDNS's debt is well covered by operating cash flow (205.6%).
Interest Coverage: CDNS's interest payments on its debt are well covered by EBIT (201x coverage).