Cadence Design Systems Inc (CDNS)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	1,976,220	1,824,460	1,643,050	1,698,540	1,706,770	1,670,480	1,657,620	1,734,900	1,715,770	1,543,010	1,457,070	1,349,730	1,478,590	1,736,480	1,639,780	1,399,510	1,169,340	1,049,950	979,241	917,947
Total current liabilities	US$ in thousands	1,590,870	1,264,170	1,196,300	1,181,380	1,347,700	1,256,990	1,042,490	960,826	971,225	907,196	926,716	792,341	796,808	1,117,890	1,151,890	1,012,430	672,391	618,982	610,183	631,439
Current ratio		1.24	1.44	1.37	1.44	1.27	1.33	1.59	1.81	1.77	1.70	1.57	1.70	1.86	1.55	1.42	1.38	1.74	1.70	1.60	1.45

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,976,220K ÷ $1,590,870K
= 1.24

Cadence Design Systems, Inc.'s current ratio has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position.

Looking at the data provided:
- The current ratio ranged from 1.24 to 1.81 over the past eight quarters.
- The current ratio was at its lowest in Q4 2023 at 1.24, indicating a slight decline in the company's ability to cover its short-term obligations with its current assets.
- The highest current ratio was observed in Q1 2022 at 1.81, reflecting a strong liquidity position during that period.
- Overall, the current ratio has fluctuated within a range of 1.24 to 1.81, with some quarters showing stronger liquidity positions compared to others.

It is essential for investors and stakeholders to closely monitor Cadence Design Systems, Inc.'s current ratio to assess its short-term liquidity and financial health.