Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Cadence Design Systems Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021
Cash and cash equivalents
Receivables, net
Inventories
Prepaid expenses and other
Current assets
Property, plant and equipment, net
Goodwill
Acquired intangibles, net
Deferred taxes
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).


The asset composition demonstrates a significant structural shift over the analyzed period, characterized by an increasing concentration of long-term intangible assets and a volatile liquidity profile.

Liquidity and Current Asset Trends
Current assets generally fluctuated between 30% and 46% of total assets. A pronounced increase in cash and cash equivalents is observed starting in September 2024, where the ratio climbed from approximately 14.66% to a sustained plateau near 30% through December 2025. This trend reversed sharply in March 2026, with cash falling to 11.63% and total current assets dropping to 26.29%, indicating a substantial reallocation of liquid capital.
Intangible Asset Growth
A consistent upward trend is evident in the proportion of the balance sheet allocated to goodwill and acquired intangibles. Goodwill increased from 22.82% in April 2021 to 40.75% by March 2026. Acquired intangibles followed a similar trajectory, rising from 6.62% to 15.98%. The concurrent spike in both metrics during the final reporting period suggests a significant acquisition event that substantially expanded the company's non-physical asset base.
Fixed and Other Long-term Asset Contraction
Property, plant, and equipment, net, exhibited a gradual decline from 7.63% to 4.44% of total assets. A more aggressive downward trend is observed in deferred tax assets, which fell from 18.24% in April 2021 to 6.97% by March 2026. Other assets also decreased steadily from 10.94% to 5.58%, indicating that these components are becoming less significant relative to the total asset base.
Aggregate Asset Distribution
The overall balance sheet structure shifted toward long-term assets. While long-term assets typically ranged between 54% and 69% for the majority of the period, they reached a peak of 73.71% in March 2026. This transition reflects a strategic pivot from a more liquid position toward a capital structure dominated by intangible assets and goodwill.