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Cadence Design Systems Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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Property, Plant and Equipment Disclosure
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
Item | Description | The company |
---|---|---|
Property, plant and equipment, cost | Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Cadence Design Systems Inc. property, plant and equipment, cost increased from 2020 to 2021 and from 2021 to 2022. |
Property, plant and equipment, net | Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Cadence Design Systems Inc. property, plant and equipment, net decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level. |
Asset Age Ratios (Summary)
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
Asset age ratio | Description | The company |
---|---|---|
Average age ratio | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | Cadence Design Systems Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | Cadence Design Systems Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level. |
Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | Cadence Design Systems Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022. |
Estimated remaining life | Cadence Design Systems Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level. |
Average Age
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
2022 Calculations
1 Average age = 100 × Accumulated depreciation and amortization ÷ (Property, plant and equipment, cost – Land)
= 100 × ÷ ( – ) =
Asset age ratio | Description | The company |
---|---|---|
Average age | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | Cadence Design Systems Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Estimated Total Useful Life
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
2022 Calculations
1 Estimated total useful life = (Property, plant and equipment, cost – Land) ÷ Depreciation and amortization expense for property, plant and equipment
= ( – ) ÷ =
Asset age ratio | Description | The company |
---|---|---|
Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | Cadence Design Systems Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level. |
Estimated Age, Time Elapsed since Purchase
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
2022 Calculations
1 Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization expense for property, plant and equipment
= ÷ =
Asset age ratio | Description | The company |
---|---|---|
Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | Cadence Design Systems Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022. |
Estimated Remaining Life
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
2022 Calculations
1 Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation and amortization expense for property, plant and equipment
= ( – ) ÷ =
Asset age ratio | Description | The company |
---|---|---|
Estimated remaining life | Cadence Design Systems Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level. |