Stock Analysis on Net
Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

$24.99

Analysis of Property, Plant and Equipment

Microsoft Excel

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Property, Plant and Equipment Disclosure

Cadence Design Systems Inc., balance sheet: property, plant and equipment

US$ in thousands

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Equipment and internal-use software
Buildings
Land
Leasehold, building and land improvements
Furniture and fixtures
In-process capital assets
Property, plant and equipment, cost
Accumulated depreciation and amortization
Property, plant and equipment, net

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).

Item Description The company
Property, plant and equipment, cost Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Cadence Design Systems Inc. property, plant and equipment, cost increased from 2022 to 2023 and from 2023 to 2024.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Cadence Design Systems Inc. property, plant and equipment, net increased from 2022 to 2023 and from 2023 to 2024.

Asset Age Ratios (Summary)

Cadence Design Systems Inc., asset age ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Average age ratio
Estimated total useful life (years)
Estimated age, time elapsed since purchase (years)
Estimated remaining life (years)

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).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Cadence Design Systems Inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Cadence Design Systems Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024.
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Cadence Design Systems Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024.
Estimated remaining life Cadence Design Systems Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024.

Average Age

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization
Property, plant and equipment, cost
Land
Asset Age Ratio
Average age1

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).

2024 Calculations

1 Average age = 100 × Accumulated depreciation and amortization ÷ (Property, plant and equipment, cost – Land)
= 100 × ÷ ( – ) =

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Cadence Design Systems Inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024.

Estimated Total Useful Life

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Property, plant and equipment, cost
Land
Depreciation and amortization expense for property, plant and equipment
Asset Age Ratio (Years)
Estimated total useful life1

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).

2024 Calculations

1 Estimated total useful life = (Property, plant and equipment, cost – Land) ÷ Depreciation and amortization expense for property, plant and equipment
= ( – ) ÷ =

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Cadence Design Systems Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization
Depreciation and amortization expense for property, plant and equipment
Asset Age Ratio (Years)
Time elapsed since purchase1

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).

2024 Calculations

1 Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization expense for property, plant and equipment
= ÷ =

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Cadence Design Systems Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024.

Estimated Remaining Life

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Property, plant and equipment, net
Land
Depreciation and amortization expense for property, plant and equipment
Asset Age Ratio (Years)
Estimated remaining life1

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).

2024 Calculations

1 Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation and amortization expense for property, plant and equipment
= ( – ) ÷ =

Asset age ratio Description The company
Estimated remaining life Cadence Design Systems Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024.