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Cadence Design Systems's other current assets for the quarter that ended in Dec. 2023 was $167 Mil.
Cadence Design Systems's quarterly other current assets increased from Jun. 2023 ($171 Mil) to Sep. 2023 ($258 Mil) but then declined from Sep. 2023 ($258 Mil) to Dec. 2023 ($167Mil).
Cadence Design Systems's annual other current assets increased from Dec. 2021 ($174 Mil) to Dec. 2022 ($205 Mil) declined from Dec. 2022 ($205 Mil) to Dec. 2023 ($167 Mil).
The historical data trend for Cadence Design Systems's Other Current Assets 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.
Cadence Design Systems Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 103.79 | 135.71 | 173.51 | 205.24 | 166.82 |
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 | |
Other Current Assets | Get a 7-Day Free Trial | 205.24 | 165.78 | 171.04 | 257.93 | 166.82 |
Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:
The assets grouped under other current assets are most commonly:
Some companies can and do choose to report each of these items separately.
Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.
Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.
Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.
Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.
There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.
At most companies, other current assets are a small and unimportant part of the total balance sheet.
Thank you for viewing the detailed overview of Cadence Design Systems's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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