Stock Analysis on Net
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
Jun 30, 2026 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: 2026-06-30), 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 organizational asset structure exhibits a significant transition over the analyzed period, moving from a balanced distribution of current and long-term assets toward a composition heavily dominated by intangible assets. A notable shift in liquidity occurs in the latter stages of the timeline, coinciding with a substantial increase in the proportion of goodwill and acquired intangibles, suggesting a strategic pivot toward inorganic growth through acquisitions.

Liquidity and Current Asset Dynamics
Current assets as a percentage of total assets fluctuated between 30% and 45% for much of the period. A peak in liquidity is observed between September 2024 and December 2025, where current assets maintained a level of approximately 44-46%, driven primarily by cash and cash equivalents which reached nearly 31%. However, a sharp contraction occurs in early 2026, with current assets dropping to approximately 26% and cash levels falling to around 11-12%, indicating a significant deployment of liquid resources.
Intangible Asset Expansion
A consistent upward trend in non-physical assets is evident. Goodwill, which initially represented 22.82% of total assets, rose to approximately 27% by late 2022 and experienced a substantial surge to over 40% by early 2026. Similarly, acquired intangibles, net, increased from 6.62% in early 2021 to 15.52% by June 2026. This pattern indicates a fundamental change in the asset base, where the majority of the company's value is increasingly tied to acquired intellectual property and business premiums.
Long-Term Asset Composition
Long-term assets generally trended upward, ending the period at 73.33%, a significant increase from the 66.25% recorded in April 2021. This growth is primarily offset by a steady decline in deferred taxes, which fell from 18.24% to 6.89%. Additionally, property, plant, and equipment, net, showed a gradual decline from 7.63% to 4.64%, suggesting a decrease in the relative importance of physical infrastructure compared to intangible assets.
Working Capital Stability
Receivables and inventories remained relatively stable as a percentage of total assets throughout the analyzed timeframe. Receivables generally oscillated between 6% and 9%, while inventories consistently represented a small fraction of the balance sheet, typically between 2% and 3%. These metrics suggest a consistent approach to credit management and inventory control despite the larger shifts in the overall asset structure.