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
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 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020
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 loss
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 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).


Revolving credit facility
The proportion of revolver credit facility within total liabilities and stockholders’ equity showed a declining trend from 9.29% in early 2020 to below 1% by late 2022, indicating a significant reduction in reliance on this short-term financing source.
Current portion of long-term debt
This metric appears from early 2024, starting at 6.16% and gradually decreasing to around 3.82%, suggesting a management focus on reducing short-term debt obligations in recent quarters.
Accounts payable and accrued liabilities
These liabilities fluctuated within a range of approximately 6.3% to 11% over the period. The largest values were observed between late 2022 and early 2024 with a peak near 11.01%, followed by a decline to 6.33%, signaling variability in operational payables and accrued expenses likely linked to business cycles.
Current portion of deferred revenue
This component rose initially from 11.3% in early 2020 to a peak of nearly 14% in mid-2021. However, a steady downward trend followed, reducing it to about 8.11% by early 2025, indicating either changes in customer prepayments or revenue recognition policies over time.
Current liabilities
Current liabilities represented a fluctuating share, starting near 27% in early 2020, dipping to around 15% by early 2025. After a trough near 19.8% in early 2021, current liabilities increased temporarily before sustaining a downward trajectory, which could reflect improved liquidity management or changes in working capital structure.
Long-term portion of deferred revenue
Long-term deferred revenue percentages remained relatively stable, fluctuating between roughly 1.1% and 2.7%, but with a gentle long-term downward progress post-2020. This trend might reveal a shift in contract terms or payment schedules.
Long-term debt, excluding current portion
This category showed stability around 8-9% until early 2022, then sharply increased to over 27% by late 2024 and early 2025, marking a substantial rise in long-term borrowing and a notable shift in capital structure.
Other long-term liabilities
Other long-term liabilities fluctuated modestly between 3.8% and 6%, showing a mild downward trend in the later periods, which may be indicative of settling certain obligations or changing future commitments.
Long-term liabilities
Overall long-term liabilities remained near 15-20% until 2023, followed by a steep escalation to above 31% by late 2024/early 2025, mainly driven by the sharp increase in long-term debt, reflecting a strategic increase in long-duration funding.
Total liabilities
Total liabilities proportion decreased from around 43% in early 2020 to a low near 36-37% in 2021, then rose to exceed 47% by early 2025. This pattern reflects changes in both current and long-term liabilities, with the rise post-2022 attributable mainly to the increased long-term debt.
Common stock and capital in excess of par value
The equity component from common stock and capital showed relative stability within a 44%-59% range. There was a slight dip in the most recent periods, especially in 2024, which may suggest repurchases or other equity-related activities impacting this balance.
Treasury stock, at cost
Treasury stock consistently increased in absolute magnitude over the period, reaching a high negative proportion near -84.59% in early 2024 before partially reversing to about -56% by late 2024. This indicates significant stock buyback activity followed by some reduction in treasury holdings.
Retained earnings
Retained earnings generally increased from approximately 50% in early 2020 to a peak near 90% in early 2024, with a notable decline thereafter to around 62% by late 2024. The initial growth reflects accumulated profitability, while the subsequent drop might be related to distributions, losses, or other equity changes.
Accumulated other comprehensive loss
This loss varied slightly throughout the period, mostly under 2% in absolute terms, showing no strong directional trend but fluctuations that suggest moderate changes in comprehensive income components such as foreign currency translation or pension adjustments.
Stockholders’ equity
Equity as a percentage of total liabilities and stockholders’ equity remained between 49.8% and 63% in most quarters, with a decline noticeable from early 2022 into 2024, coinciding with rising total liabilities. This weakening equity ratio aligns with the increased leverage from higher long-term debt and treasury stock activity.
Total liabilities and stockholders’ equity
The sum of liabilities and equity remained constant at 100%, as expected for balance sheet percentages, serving as a consistent basis for analyzing proportional changes in components.