Cadence Design Systems Inc (CDNS)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 8,974,480 | 9,167,030 | 7,225,740 | 5,722,130 | 5,669,490 | 5,431,380 | 5,155,120 | 5,171,620 | 5,137,070 | 4,968,090 | 4,361,270 | 4,395,070 | 4,386,300 | 4,213,880 | 4,122,550 | 3,998,960 | 3,950,780 | 4,140,150 | 3,999,500 | 3,767,970 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Cadence Design Systems Inc has consistently maintained a debt-to-assets ratio of 0.00 across all reporting periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations and investments, and its assets are primarily financed through equity. A debt-to-assets ratio of 0.00 signifies a low financial risk as there is no debt in the capital structure that needs to be serviced through interest payments. Cadence Design Systems appears to have a strong financial position with a low reliance on debt to support its asset base.
Peer comparison
Dec 31, 2024