Cadence Design Systems (Cadence Design Systems) Interest Expense : $-36 Mil (TTM As of Mar. 2024)

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What is Cadence Design Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cadence Design Systems's interest expense for the three months ended in Mar. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-36 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Cadence Design Systems's Operating Income for the three months ended in Mar. 2024 was $ 250 Mil. Cadence Design Systems's Interest Expense for the three months ended in Mar. 2024 was $ -9 Mil. Cadence Design Systems's Interest Coverage for the quarter that ended in Mar. 2024 was 28.79. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cadence Design Systems Interest Expense Historical Data

The historical data trend for Cadence Design Systems's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cadence Design Systems Interest Expense Chart

Cadence Design Systems Annual Data

Trend

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Dec23

Interest Expense

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-18.83

-20.75

-16.98

-22.93

-36.19

Cadence Design Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-9.26	-8.88	-9.06	-8.99	-8.69

Cadence Design Systems Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36 Mil.

Cadence Design Systems (NAS:CDNS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cadence Design Systems's Interest Expense for the three months ended in Mar. 2024 was $-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $250 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $300 Mil.

Cadence Design Systems's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	250.236	/	-8.692
	=	28.79

The higher the ratio, the stronger the company's financial strength is.

Cadence Design Systems (Cadence Design Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cadence Design Systems Inc (NAS:CDNS) » Definitions » Interest Expense

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Traded in Other Exchanges

CDNS:Mexico CDS:Germany CDS:Germany C1DN34:Brazil

Address

2655 Seely Avenue, Building 5, San Jose, CA, USA, 95134

Website

https://www.cadence.com

Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.

Executives

John M Wall	officer: Sr. VP & CFO	2655 SEELY AVENUE, SAN JOSE CA 95134
Vincentelli Alberto Sangiovanni	director
Karna Nisewaner	officer: Corporate VP, General Counsel	2655 SEELY AVENUE, BUILDING 5, SAN JOSE CA 95134
Paul Cunningham	officer: Sr. Vice President	2655 SEELY AVENUE, BUILDING 5, SAN JOSE CA 95134
Aneel Zaman	officer: Sr. Vice President	2655 SEELY AVENUE, SAN JOSE CA 95134
Anirudh Devgan	officer: Sr. Vice President of R&D	2655 SEELY AVENUE, SAN JOSE CA 95134
Chin-chi Teng	officer: Sr. Vice President	2655 SEELY AVENUE, SAN JOSE CA 95134
Mark Adams	director	834 TERRACE DRIVE, LOS ALTOS CA 94024
James D Plummer	director	233 KANSAS STREET, EL SEGUNDO CA 90245
Thomas P Beckley	officer: Sr. Vice President of R&D	2655 SEELY AVENUE, SAN JOSE CA 95134
Lip Bu Tan	director	ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Young Sohn	director	1390 KIFER ROAD, SUNNYVALE CA 94086
John B Shoven	director
Mary L Krakauer	director	176 SOUTH STREET, HOPKINTON MA 01748
Surendra Babu Mandava	officer: Sr. Vice President	47211 LAKEVIEW BLVD, FREMONT CA 94538