Cadence Design Systems (BSP:C1DN34) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Cadence Design Systems Debt-to-Equity?

Cadence Design Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$1,740 Mil. Cadence Design Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$1,493 Mil. Cadence Design Systems's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$17,766 Mil. Cadence Design Systems's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cadence Design Systems's Debt-to-Equity or its related term are showing as below:

BSP:C1DN34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.3 Max: 0.94
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Cadence Design Systems was 0.94. The lowest was 0.13. And the median was 0.30.

BSP:C1DN34's Debt-to-Equity is ranked better than
53.71% of 2221 companies
in the Software industry
Industry Median: 0.21 vs BSP:C1DN34: 0.18

Cadence Design Systems Debt-to-Equity Historical Data

The historical data trend for Cadence Design Systems's Debt-to-Equity 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 Debt-to-Equity Chart

Cadence Design Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.19

0.17

0.32

0.23

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
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.22	0.21	0.23	0.18

Competitive Comparison of Cadence Design Systems's Debt-to-Equity

For the Software - Application subindustry, Cadence Design Systems's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cadence Design Systems's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Cadence Design Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cadence Design Systems's Debt-to-Equity falls into.

Cadence Design Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cadence Design Systems's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1711.427	+	2034.049)	/	16680.247
	=	0.22

Cadence Design Systems's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1740.475	+	1492.969)	/	17765.915
	=	0.18

Cadence Design Systems (BSP:C1DN34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cadence Design Systems Debt-to-Equity Related Terms

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

Cadence Design Systems (BSP:C1DN34) Business Description

Industry

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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.

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