Common-Size Balance Sheet: Assets
Quarterly Data
Cadence Design Systems Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets demonstrated variability over the observed periods. Starting at a relatively high level around 25.11% in early 2020, it peaked at 31.56% by September 2020, followed by a general decline through 2022, reaching lows near 14.66% by mid-2024. Notably, it surged again towards the end of 2024 and into mid-2025, rising back above 29%, indicating increased liquidity during this later timeframe.
- Receivables, net
- Receivables as a percentage of total assets exhibited moderate fluctuations, generally ranging between 6% to 9.7%. A peak was observed in early 2021, followed by a gradual decrease through 2024, with a slight recovery in mid-2025. The pattern suggests some variability in account receivables management or sales cycles but no extreme volatility.
- Inventories
- Inventories maintained a relatively low percentage of total assets, fluctuating mostly between 1% and 3.25%. There was a gradual upward trend from 2020 through early 2024, suggesting an accumulation or strategic buildup of stock, with some subsequent declines towards mid-2025. Such movements may reflect adjustments in supply chain management or market demand conditions.
- Prepaid expenses and other
- This category showed an increasing trend over the periods analyzed. Starting below 3% in early 2020, it rose steadily to exceed 5% by early 2024 and sustained levels near this mark into mid-2025. This indicates a rising portion of assets tied in prepaid expenditures and other similar items.
- Current assets
- The share of current assets to total assets showed fluctuations between roughly 30% and 45%. After a peak near 42% in mid-2020, the ratio decreased until 2023, followed by an uptick nearing 45% by mid-2024 and remaining stable thereafter. This pattern suggests varying liquidity and short-term asset composition adjustments over time.
- Property, plant and equipment, net
- The proportion of net property, plant, and equipment remained relatively stable, typically between 5% and 8%. Minor declines were noted in 2024, reaching closer to 5%, indicating possible depreciation or asset base reductions during that period.
- Goodwill
- Goodwill as a percentage of total assets showed notable variation, generally trending upwards. It started near 20.67% in 2020, increased sharply reaching above 27% in 2022 and maintaining this level through 2023 and 2024, with a peak above 33% in mid-2024 before decreasing slightly. This suggests significant acquisitions or reassessments of intangible value during these periods.
- Acquired intangibles, net
- The net acquired intangibles percentage displayed moderate volatility, often between 5% and 9%. A substantial increase was observed around late 2022 and mid-2024, indicating possible acquisition activities or revaluation of intangible assets. Values decreased somewhat after these peaks but remained elevated relative to earlier periods.
- Deferred taxes
- Deferred taxes relative to total assets showed a declining trend. Starting above 18% in early 2020, levels decreased steadily to around 10% by mid-2025. This suggests reductions in deferred tax liabilities/assets or structural changes in tax positions over the periods.
- Other assets
- Other assets as a share of total assets remained in a narrow range mostly between 6% and 11%. A slight downward trend occurred from 2020 through 2025, implying a modest reduction in this category’s relative weight.
- Long-term assets
- The portion of long-term assets relative to total assets generally oscillated around 60% to 70%, with some dips below 56% in 2024 and 2025. Such shifts suggest occasional rebalancing between short-term and long-term asset allocations.