Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

Analysis of Debt 

Microsoft Excel

Total Debt (Carrying Amount)

Cadence Design Systems Inc., balance sheet: debt

US$ in thousands

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Revolving credit facility 100,000
Current portion of long-term debt 349,285
Long-term debt, excluding current portion 299,771 648,078 347,588 346,793 346,019
Total outstanding debt (carrying amount) 649,056 748,078 347,588 346,793 346,019

Based on: 10-K (reporting date: 2023-12-31), 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).

Debt item Description The company
Total outstanding debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Cadence Design Systems Inc. total debt increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2023
Selected Financial Data (US$ in thousands)
Revolving Credit Facility
2024 Notes 347,200
2025 Term Loan 299,771
Total outstanding debt (fair value) 646,971
Financial Ratio
Debt, fair value to carrying amount ratio 1.00

Based on: 10-K (reporting date: 2023-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 5.22%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
4.38% 349,285 15,281
6.21% 299,771 18,616
Total 649,056 33,897
5.22%

Based on: 10-K (reporting date: 2023-12-31).

1 US$ in thousands

2 Weighted-average interest rate = 100 × 33,897 ÷ 649,056 = 5.22%