Debt to Equity
since 2005
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Cadence Design Systems Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Aggregate Accruals
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Calculation
Cadence Design Systems Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | = | ÷ | |||
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ | |||
| Dec 28, 2019 | = | ÷ | |||
| Dec 29, 2018 | = | ÷ | |||
| Dec 30, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ | |||
| Dec 31, 2015 | = | ÷ | |||
| Dec 31, 2014 | = | ÷ | |||
| Dec 28, 2013 | = | ÷ | |||
| Dec 29, 2012 | = | ÷ | |||
| Dec 31, 2011 | = | ÷ | |||
| Dec 31, 2010 | = | ÷ | |||
| Dec 31, 2009 | = | ÷ | |||
| Dec 31, 2008 | = | ÷ | |||
| Dec 29, 2007 | = | ÷ | |||
| Dec 30, 2006 | = | ÷ | |||
| Dec 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Total Debt
-
Total debt displayed notable fluctuations over the observed period. Initially, it increased from 580 million in 2005 to a peak of approximately 758 million in 2006, followed by a moderate decline through 2009. There was an intermittent rise and fall pattern between 2010 and 2018, with debt peaking again around 729 million in 2017 before declining to 346 million in 2019. A significant surge occurred in 2024, with total debt reaching roughly 2.48 billion, markedly higher than in previous years. This sharp increase signifies a substantial change in the company's financing or borrowing strategy during the most recent period.
- Stockholders’ Equity
-
Stockholders’ equity exhibited varied growth trends. From 2005 to 2007, equity grew steadily from 1.84 billion to over 2.08 billion before experiencing a sharp decline by the end of 2008 to approximately 102 million. Thereafter, equity increased consistently with occasional slowdowns, notably rising to about 2.74 billion by the end of 2022. The period from 2023 to 2024 saw a significant increase in equity, reaching roughly 4.67 billion, indicating considerable strengthening of the company's net assets or shareholder value in recent years.
- Debt to Equity Ratio
-
The debt to equity ratio reflected the dynamic relationship between the company’s leverage and equity base. The ratio started relatively low at 0.31 in 2005, surged dramatically in 2008 to 4.91 due to the steep drop in equity combined with relatively high debt, and then moderated gradually in subsequent years. From 2010 onwards, the ratio remained below 1.0 in most years, indicating a more balanced leverage position with lower reliance on debt relative to equity. However, there was an increase to 0.53 in 2024, consistent with the sharp rise in total debt, though still moderate when considered against the large equity base at the end of that year.
- Summary of Trends
-
Overall, the financial data indicate periods of volatility, particularly in 2008 and the recent year 2024. In 2008, the company faced substantial challenges as evidenced by a very high debt-to-equity ratio driven by a steep decline in equity. Subsequently, the company improved its financial stability, reducing leverage and growing equity steadily. The recent considerable increase in both total debt and equity in 2024 suggests a strategic adjustment, possibly reflecting significant investments or capital restructuring. The debt to equity ratio, despite increasing, remains below earlier extreme levels, implying maintained control over financial leverage relative to equity growth.
Comparison to Competitors
Cadence Design Systems Inc., debt to equity, long-term trends, comparison to competitors
| Cadence Design Systems Inc. | Accenture PLC | Adobe Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | |||||||||||||||
| Dec 31, 2023 | |||||||||||||||
| Dec 31, 2022 | |||||||||||||||
| Dec 31, 2021 | |||||||||||||||
| Dec 31, 2020 | |||||||||||||||
| Dec 28, 2019 | |||||||||||||||
| Dec 29, 2018 | |||||||||||||||
| Dec 30, 2017 | |||||||||||||||
| Dec 31, 2016 | |||||||||||||||
| Dec 31, 2015 | |||||||||||||||
| Dec 31, 2014 | |||||||||||||||
| Dec 28, 2013 | |||||||||||||||
| Dec 29, 2012 | |||||||||||||||
| Dec 31, 2011 | |||||||||||||||
| Dec 31, 2010 | |||||||||||||||
| Dec 31, 2009 | |||||||||||||||
| Dec 31, 2008 | |||||||||||||||
| Dec 29, 2007 | |||||||||||||||
| Dec 30, 2006 | |||||||||||||||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
Cadence Design Systems Inc., debt to equity, long-term trends, comparison to sector (software & services)
| Cadence Design Systems Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 28, 2013 | ||
| Dec 29, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 29, 2007 | ||
| Dec 30, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Cadence Design Systems Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Cadence Design Systems Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 28, 2013 | ||
| Dec 29, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 29, 2007 | ||
| Dec 30, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).