Cadence Design Systems Inc (CDNS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,974,480 | 5,669,490 | 5,137,070 | 4,386,300 | 3,950,780 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,974,480K
= 0.00
The debt-to-assets ratio for Cadence Design Systems Inc has consistently been 0.00 for the past five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is primarily using equity financing to support its operations and growth, which can be seen as a positive indicator of financial stability and solvency. It implies that the company has a strong financial position with low financial risk associated with debt. However, it is important to consider other financial ratios and factors to comprehensively assess the financial health and performance of Cadence Design Systems Inc.
Peer comparison
Dec 31, 2024