Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | N/A | $3,951 | $5,137 | $5,669 | $8,974 |
| Liabilities | N/A | $1,458 | $2,392 | $2,265 | $4,301 |
| Equity | N/A | $2,493 | $2,745 | $3,404 | $4,674 |
Balance sheet data in USD (millions)
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Edwyn
Over the past 5 years, Cadence Design Systems, Inc. has experienced significant growth in its financial position. Total assets have shown a steady increase, more than doubling from 2020 to 2024, reaching $8.974 billion. This growth in assets can be attributed to the company's strategic investments, acquisitions, and expanding product offerings in the semiconductor design industry. On the liabilities side, there has also been a notable increase, indicating the company's reliance on debt to fuel its expansion. However, the growth in stockholders' equity has outpaced the growth in liabilities, indicating that the company has been successful in generating value for its shareholders. The increase in total equity from $0 in 2020 to $4.673 billion in 2024 reflects the company's ability to generate profits and retain earnings. This growth in equity demonstrates the company's strong financial health and ability to weather economic downturns. Overall, Cadence Design Systems, Inc. appears to be in a strong financial position, with a healthy balance sheet and positive equity growth. This puts the company in a favorable position to continue its growth trajectory and remain competitive in the rapidly evolving semiconductor design industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.