Cadence Long Term Investments vs Short Term Debt Analysis

CDNS Stock

USD 281.08 1.33 0.47%

Cadence Design financial indicator trend analysis is way more than just evaluating Cadence Design Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cadence Design Systems is a good investment. Please check the relationship between Cadence Design Long Term Investments and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Long Term Investments vs Short Term Debt

Long Term Investments vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Long Term Investments account and Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Cadence Design's Long Term Investments and Short Term Debt is -0.12. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Cadence Design Systems, assuming nothing else is changed. The correlation between historical values of Cadence Design's Long Term Investments and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Cadence Design Systems are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Long Term Investments i.e., Cadence Design's Long Term Investments and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Cadence Design balance sheet that represents investments Cadence Design Systems intends to hold for over a year. Cadence Design Systems long term investments may include different instruments such as stocks, bonds, real estate and cash.

Short Term Debt

Most indicators from Cadence Design's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cadence Design Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, Cadence Design's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 90.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	3.2B	3.6B	3.8B
Total Revenue	3.0B	3.6B	4.1B	4.3B

Gross Profit Total Revenue

Cadence Design fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Inventory	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.66	0.39	0.78	0.97	0.92	-0.41	0.89	0.89	0.98	0.46	0.89	0.86	0.44	0.58	0.37	-0.91	0.91	0.91	0.9	0.3	0.47	0.94	0.67	0.95	0.96
Short Long Term Debt Total	0.66		0.36	0.7	0.5	0.74	0.28	0.48	0.6	0.63	0.29	0.62	0.56	0.52	0.62	0.19	-0.6	0.85	0.57	0.64	0.45	0.59	0.61	0.79	0.74	0.66
Other Current Liab	0.39	0.36		0.7	0.25	0.26	-0.34	0.03	0.58	0.23	-0.11	0.59	0.14	0.58	0.18	0.62	-0.07	0.59	0.21	0.68	0.52	0.11	0.24	0.59	0.39	0.31
Total Current Liabilities	0.78	0.7	0.7		0.65	0.81	-0.23	0.52	0.78	0.66	-0.04	0.83	0.61	0.5	0.21	0.56	-0.57	0.9	0.69	0.92	0.79	0.59	0.76	0.72	0.79	0.75
Total Stockholder Equity	0.97	0.5	0.25	0.65		0.87	-0.5	0.94	0.83	0.98	0.48	0.83	0.84	0.33	0.52	0.27	-0.92	0.78	0.9	0.82	0.18	0.4	0.93	0.54	0.89	0.92
Property Plant And Equipment Net	0.92	0.74	0.26	0.81	0.87		-0.21	0.82	0.79	0.9	0.31	0.82	0.87	0.46	0.45	0.36	-0.87	0.88	0.86	0.83	0.48	0.61	0.93	0.64	0.96	0.92
Net Debt	-0.41	0.28	-0.34	-0.23	-0.5	-0.21		-0.3	-0.6	-0.33	-0.2	-0.56	-0.27	-0.23	-0.01	-0.4	0.21	-0.18	-0.31	-0.5	0.03	0.35	-0.32	-0.01	-0.31	-0.33
Retained Earnings	0.89	0.48	0.03	0.52	0.94	0.82	-0.3		0.65	0.95	0.46	0.64	0.85	0.05	0.53	0.17	-0.98	0.69	0.93	0.65	0.08	0.47	0.91	0.37	0.78	0.89
Cash	0.89	0.6	0.58	0.78	0.83	0.79	-0.6	0.65		0.8	0.41	0.99	0.69	0.63	0.53	0.5	-0.67	0.87	0.73	0.95	0.35	0.21	0.77	0.67	0.88	0.83
Non Current Assets Total	0.98	0.63	0.23	0.66	0.98	0.9	-0.33	0.95	0.8		0.54	0.79	0.88	0.35	0.64	0.28	-0.96	0.84	0.93	0.79	0.16	0.47	0.93	0.6	0.92	0.96
Non Currrent Assets Other	0.46	0.29	-0.11	-0.04	0.48	0.31	-0.2	0.46	0.41	0.54		0.33	0.43	0.38	0.81	-0.01	-0.49	0.35	0.42	0.22	-0.55	-0.11	0.35	0.34	0.48	0.49
Cash And Short Term Investments	0.89	0.62	0.59	0.83	0.83	0.82	-0.56	0.64	0.99	0.79	0.33		0.66	0.62	0.43	0.44	-0.65	0.87	0.73	0.97	0.46	0.31	0.8	0.7	0.88	0.81
Net Receivables	0.86	0.56	0.14	0.61	0.84	0.87	-0.27	0.85	0.69	0.88	0.43	0.66		0.3	0.58	0.53	-0.9	0.77	0.86	0.68	0.18	0.42	0.85	0.43	0.86	0.93
Common Stock Shares Outstanding	0.44	0.52	0.58	0.5	0.33	0.46	-0.23	0.05	0.63	0.35	0.38	0.62	0.3		0.46	0.36	-0.15	0.59	0.17	0.58	0.23	0.02	0.25	0.73	0.64	0.4
Non Current Liabilities Total	0.58	0.62	0.18	0.21	0.52	0.45	-0.01	0.53	0.53	0.64	0.81	0.43	0.58	0.46		0.23	-0.61	0.61	0.51	0.39	-0.32	0.07	0.43	0.53	0.6	0.62
Other Current Assets	0.37	0.19	0.62	0.56	0.27	0.36	-0.4	0.17	0.5	0.28	-0.01	0.44	0.53	0.36	0.23		-0.25	0.51	0.38	0.52	0.35	0.03	0.32	0.22	0.42	0.48
Other Stockholder Equity	-0.91	-0.6	-0.07	-0.57	-0.92	-0.87	0.21	-0.98	-0.67	-0.96	-0.49	-0.65	-0.9	-0.15	-0.61	-0.25		-0.76	-0.95	-0.67	-0.13	-0.53	-0.92	-0.45	-0.84	-0.93
Total Liab	0.91	0.85	0.59	0.9	0.78	0.88	-0.18	0.69	0.87	0.84	0.35	0.87	0.77	0.59	0.61	0.51	-0.76		0.8	0.91	0.49	0.52	0.83	0.81	0.92	0.9
Property Plant And Equipment Gross	0.91	0.57	0.21	0.69	0.9	0.86	-0.31	0.93	0.73	0.93	0.42	0.73	0.86	0.17	0.51	0.38	-0.95	0.8		0.76	0.25	0.56	0.96	0.5	0.84	0.95
Total Current Assets	0.9	0.64	0.68	0.92	0.82	0.83	-0.5	0.65	0.95	0.79	0.22	0.97	0.68	0.58	0.39	0.52	-0.67	0.91	0.76		0.56	0.39	0.82	0.72	0.88	0.83
Short Term Debt	0.3	0.45	0.52	0.79	0.18	0.48	0.03	0.08	0.35	0.16	-0.55	0.46	0.18	0.23	-0.32	0.35	-0.13	0.49	0.25	0.56		0.56	0.37	0.37	0.35	0.27
Accounts Payable	0.47	0.59	0.11	0.59	0.4	0.61	0.35	0.47	0.21	0.47	-0.11	0.31	0.42	0.02	0.07	0.03	-0.53	0.52	0.56	0.39	0.56		0.63	0.54	0.47	0.5
Inventory	0.94	0.61	0.24	0.76	0.93	0.93	-0.32	0.91	0.77	0.93	0.35	0.8	0.85	0.25	0.43	0.32	-0.92	0.83	0.96	0.82	0.37	0.63		0.58	0.88	0.93
Intangible Assets	0.67	0.79	0.59	0.72	0.54	0.64	-0.01	0.37	0.67	0.6	0.34	0.7	0.43	0.73	0.53	0.22	-0.45	0.81	0.5	0.72	0.37	0.54	0.58		0.74	0.62
Common Stock	0.95	0.74	0.39	0.79	0.89	0.96	-0.31	0.78	0.88	0.92	0.48	0.88	0.86	0.64	0.6	0.42	-0.84	0.92	0.84	0.88	0.35	0.47	0.88	0.74		0.94
Current Deferred Revenue	0.96	0.66	0.31	0.75	0.92	0.92	-0.33	0.89	0.83	0.96	0.49	0.81	0.93	0.4	0.62	0.48	-0.93	0.9	0.95	0.83	0.27	0.5	0.93	0.62	0.94

Click cells to compare fundamentals

Cadence Design Account Relationship Matchups

Cadence Design fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	4.0B	4.4B	5.1B	5.7B	6.0B
Short Long Term Debt Total	346.0M	346.8M	347.6M	748.1M	806.0M	846.3M
Other Current Liab	316.9M	350.0M	417.3M	510.0M	443.7M	223.2M
Total Current Liabilities	672.4M	796.8M	971.2M	1.3B	1.6B	1.7B
Total Stockholder Equity	2.1B	2.5B	2.7B	2.7B	3.4B	3.6B
Property Plant And Equipment Net	275.9M	311.1M	305.9M	371.5M	554.0M	581.7M
Net Debt	(359.2M)	(581.6M)	(741.4M)	(134.2M)	(202.1M)	(212.2M)
Retained Earnings	1.8B	2.4B	3.0B	3.9B	4.9B	5.2B
Cash	705.2M	928.4M	1.1B	882.3M	1.0B	1.1B
Non Current Assets Total	2.2B	2.5B	2.7B	3.4B	3.7B	3.9B
Non Currrent Assets Other	207.2M	303.9M	311.7M	356.3M	137.2M	194.3M
Cash And Short Term Investments	705.2M	928.4M	1.1B	882.3M	1.1B	1.2B
Net Receivables	304.5M	338.5M	337.6M	486.7M	506.8M	532.1M
Common Stock Shares Outstanding	280.5M	279.6M	278.9M	275.0M	272.7M	259.7M
Liabilities And Stockholders Equity	3.4B	4.0B	4.4B	5.1B	5.7B	6.0B
Non Current Liabilities Total	581.9M	661.0M	674.4M	1.0B	674.4M	449.0M
Other Current Assets	103.8M	135.7M	173.5M	209.7M	149.3M	86.3M
Other Stockholder Equity	(1.7B)	(2.1B)	(2.7B)	(3.8B)	(4.6B)	(4.4B)
Total Liab	1.3B	1.5B	1.6B	2.4B	2.3B	2.4B
Property Plant And Equipment Gross	376.2M	444.5M	1.2B	1.3B	1.4B	1.5B
Total Current Assets	1.2B	1.5B	1.7B	1.7B	2.0B	2.1B
Accumulated Other Comprehensive Income	(36.9M)	(17.4M)	(33.3M)	(91.6M)	(94.8M)	(90.0M)
Short Term Debt	100M	25.6M	33.9M	25.3M	390.9M	410.4M
Accounts Payable	(25.6M)	(33.9M)	(25.3M)	47.1M	91.2M	62.2M
Inventory	55.8M	76.0M	115.7M	128.0M	181.7M	190.7M
Intangible Assets	172.4M	210.6M	233.3M	354.6M	336.8M	324.2M
Common Stock	2.0B	2.2B	2.5B	2.8B	3.2B	3.3B
Current Deferred Revenue	355.5M	446.9M	553.9M	690.5M	665.0M	698.3M
Common Stock Total Equity	2.0B	2.2B	2.5B	2.8B	3.2B	3.3B
Short Term Investments	4.6M	4.5M	6.0M	4.5M	130.4M	136.9M
Other Liab	151.1M	200.3M	326.8M	256.8M	231.2M	202.3M
Other Assets	839.2M	902.8M	1.2B	1.0B	1.2B	1.3B
Long Term Debt	346.0M	346.8M	347.6M	648.1M	299.8M	388.2M
Treasury Stock	(1.7B)	(2.1B)	(2.7B)	(3.8B)	(3.4B)	(3.3B)
Property Plant Equipment	275.9M	311.1M	305.9M	371.5M	334.3M	251.3M
Good Will	661.9M	782.1M	928.4M	1.4B	1.5B	864.7M
Net Tangible Assets	2.1B	1.5B	1.6B	1.0B	1.2B	1.1B
Retained Earnings Total Equity	1.8B	2.4B	3.0B	3.9B	4.5B	4.7B
Long Term Debt Total	346.0M	346.8M	347.6M	648.1M	745.3M	455.7M
Deferred Long Term Liab	73.4M	107.1M	101.1M	91.5M	105.3M	76.0M

Cadence Design Investors Sentiment

The influence of Cadence Design's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cadence. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Cadence Design's public news can be used to forecast risks associated with an investment in Cadence. The trend in average sentiment can be used to explain how an investor holding Cadence can time the market purely based on public headlines and social activities around Cadence Design Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Cadence Design's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cadence Design's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cadence Design's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cadence Design.

Cadence Design Implied Volatility

28.48

Cadence Design's implied volatility exposes the market's sentiment of Cadence Design Systems stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cadence Design's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cadence Design stock will not fluctuate a lot when Cadence Design's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cadence Design in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cadence Design's short interest history, or implied volatility extrapolated from Cadence Design options trading.

Pair Trading with Cadence Design

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cadence Design position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cadence Design will appreciate offsetting losses from the drop in the long position's value.

Moving against Cadence Stock

0.54

NOGWQ

Nogin Inc

Pair Corr

The ability to find closely correlated positions to Cadence Design could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cadence Design when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cadence Design - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cadence Design Systems to buy it.

The correlation of Cadence Design is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cadence Design moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cadence Design Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Cadence Design can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Cadence Design Systems is a strong investment it is important to analyze Cadence Design's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cadence Design's future performance. For an informed investment choice regarding Cadence Stock, refer to the following important reports:

How To Invest In Cadence

Details

Is Cadence Stock a good investment?

Details

What is Cadence Design's Net Worth?

Details

Largest Application Software Companies

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Largest Software - Application Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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When running Cadence Design's price analysis, check to measure Cadence Design's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cadence Design is operating at the current time. Most of Cadence Design's value examination focuses on studying past and present price action to predict the probability of Cadence Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadence Design's price. Additionally, you may evaluate how the addition of Cadence Design to your portfolios can decrease your overall portfolio volatility.

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Is Cadence Design's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cadence Design. If investors know Cadence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cadence Design listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.022

Earnings Share

3.84

Revenue Per Share

15.135

Quarterly Revenue Growth

(0.01)

Return On Assets

0.1386

The market value of Cadence Design Systems is measured differently than its book value, which is the value of Cadence that is recorded on the company's balance sheet. Investors also form their own opinion of Cadence Design's value that differs from its market value or its book value, called intrinsic value, which is Cadence Design's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cadence Design's market value can be influenced by many factors that don't directly affect Cadence Design's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Cadence Design's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cadence Design is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cadence Design's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Cadence Long Term Investments vs Short Term Debt Analysis

Long Term Investments vs Short Term Debt

Long Term Investments vs Short Term Debt Correlation Analysis

Correlation Coefficient

Long Term Investments

Short Term Debt

Cadence Design fundamental ratios Correlations

Cadence Design Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cadence Design fundamental ratios Accounts

Cadence Design Investors Sentiment

Cadence Design Implied Volatility

Pair Trading with Cadence Design

Moving against Cadence Stock

Complementary Tools for Cadence Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.99	Cash
Non Current Assets Total	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Total Stockholder Equity	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Cash And Short Term Investments
Current Deferred Revenue	+ 0.96	Total Assets

Other Stockholder Equity	- 0.98	Retained Earnings
Other Stockholder Equity	- 0.96	Non Current Assets Total
Property Plant And Equipment Gross	- 0.95	Other Stockholder Equity
Current Deferred Revenue	- 0.93	Other Stockholder Equity
Inventory	- 0.92	Other Stockholder Equity
Other Stockholder Equity	- 0.92	Total Stockholder Equity