Cadence Design Systems (Cadence Design Systems) Long-Term Capital Lease Obligation : $115 Mil (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Cadence Design Systems Long-Term Capital Lease Obligation?

Cadence Design Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $115 Mil.

Cadence Design Systems's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 ($0 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($115 Mil).

Cadence Design Systems's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($107 Mil) to Dec. 2022 ($139 Mil) but then declined from Dec. 2022 ($139 Mil) to Dec. 2023 ($115 Mil).

Cadence Design Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cadence Design Systems's Long-Term Capital Lease Obligation 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.

* Premium members only.

Cadence Design Systems Long-Term Capital Lease Obligation Chart

Cadence Design Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

84.78

113.92

107.12

139.34

115.36

Cadence Design Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															139.34	-	-	-	115.36

Cadence Design Systems (NAS:CDNS) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Cadence Design Systems Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Cadence Design Systems's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Cadence Design Systems (Cadence Design Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cadence Design Systems Inc (NAS:CDNS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

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