Cadence Design Systems Financial Health
How is Cadence Design Systems's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CDNS's short term assets ($1.7B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: CDNS's short term assets ($1.7B) exceed its long term liabilities ($1.0B).
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 63.8% to 29.5% over the past 5 years.
Debt Coverage: CDNS's debt is well covered by operating cash flow (149.7%).
Interest Coverage: CDNS's interest payments on its debt are well covered by EBIT (68.9x coverage).