Stock Analysis on Net
Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Cadence Design Systems Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Revolving credit facility
Current portion of long-term debt
Accounts payable and accrued liabilities
Current portion of deferred revenue
Current liabilities
Long-term portion of deferred revenue
Long-term debt, excluding current portion
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock and capital in excess of par value
Treasury stock, at cost
Retained earnings
Accumulated other comprehensive income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

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 capital structure underwent a notable shift from a predominantly equity-funded position toward an increased reliance on liabilities. Total liabilities rose from 36.42% in April 2021 to a peak of 50.22% in September 2024, eventually stabilizing at 43.23% by June 2026. Conversely, stockholders' equity declined from 63.58% to 56.77% over the same period.

Debt and Liability Trends
Long-term debt exhibited significant volatility and a general upward trend. Starting at 8.68% in early 2021, it spiked to 27.59% by December 2024 before moderating to 20.55% by June 2026. This suggests a strategic increase in long-term leverage to fund operations or acquisitions. Current liabilities, which peaked at 28.06% in December 2023, showed a subsequent decline to 15.30% by June 2026, indicating a shift in the maturity profile of the company's obligations.
Deferred Revenue Analysis
A contraction in the relative weight of deferred revenue is observable. The current portion of deferred revenue remained steady between 12% and 14% through 2022 but trended downward to a range of 7% to 8% in 2025 and 2026. Long-term deferred revenue followed a similar trajectory, decreasing from 2.31% to 1.20%, which may reflect changes in contract structures or revenue recognition timing.
Equity and Shareholder Returns
Retained earnings showed substantial growth in the early part of the period, peaking at 90.60% in March 2023, followed by a decline to 64.60% by June 2026. This movement is closely linked to the treasury stock account, which remained heavily negative throughout the period, reaching -84.59% in March 2023. The magnitude of the treasury stock account relative to total equity indicates an aggressive and consistent share repurchase program.
Liquidity and Short-term Obligations
Accounts payable and accrued liabilities fluctuated between 6% and 11% of total liabilities and equity. The relative stability of this line item suggests that operational payables are being managed in proportion to the overall growth of the balance sheet, despite the broader shifts in long-term financing.