Cadence Design Systems Inc (CDNS)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,673,580 | 3,404,270 | 2,745,110 | 2,740,680 | 2,493,020 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,673,580K
= 0.00
Cadence Design Systems Inc has maintained a consistent debt-to-equity ratio of 0.00 over the five-year period from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during this period. This suggests that Cadence Design Systems Inc has been utilizing more equity financing rather than debt financing to support its operations and growth. A low or zero debt-to-equity ratio is generally viewed positively as it signifies lower financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2024