Cadence Design Systems Inc

NASDAQ CDNS

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Cadence Design Systems Inc Current Assets to Total Assets Ratio 2 year CAGR for the quarter ending March 31, 2024: -7.56%

Cadence Design Systems Inc Current Assets to Total Assets Ratio 2 year CAGR is -7.56% for the quarter ending March 31, 2024, a -458.30% change year over year. The current assets to total assets ratio measures the proportion of a company's current assets in relation to its total assets. It is calculated by dividing current assets by total assets. This ratio indicates the percentage of a company's total assets that are in the form of current assets, such as cash, receivables, and inventory. It provides insights into the company's liquidity and the extent to which its assets are readily convertible to cash in the short term. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Cadence Design Systems Inc Current Assets to Total Assets Ratio for the quarter ending March 31, 2023 was 0.33, a -16.80% change year over year.
Cadence Design Systems Inc Current Assets to Total Assets Ratio for the quarter ending March 31, 2022 was 0.39, a 16.95% change year over year.
Cadence Design Systems Inc Current Assets to Total Assets Ratio for the quarter ending March 31, 2021 was 0.34, a -9.13% change year over year.
Cadence Design Systems Inc Current Assets to Total Assets Ratio for the quarter ending March 31, 2020 was 0.37, a 3.03% change year over year.

NASDAQ: CDNS

Cadence Design Systems Inc

CEO	Mr. Lip-Bu Tan
IPO Date	June 10, 1987
Location	United States
Headquarters	Building 5, San Jose, CA, United States, 95134
Employees	11,200
Sector	Technology
Industry	Software - application

Description

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

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