Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Cadence Design Systems Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 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
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 income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 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).


The financial position of the organization reflects a period of significant balance sheet expansion, characterized by a substantial increase in both total liabilities and stockholders' equity. Between April 2021 and March 2026, total liabilities and stockholders' equity grew from approximately 3.99 billion US$ to 12.09 billion US$, indicating a scaling of the capital base and operational footprint.

Liability Composition and Current Obligations
Current liabilities exhibit a consistent upward trajectory, rising from 792.3 million US$ in early 2021 to 2.16 billion US$ by March 2026. This growth is primarily driven by a steady increase in accounts payable and accrued liabilities, which more than tripled over the period. Additionally, current deferred revenue grew from 521.1 million US$ to 873.6 million US$, suggesting an increase in advance payments from customers and a strengthening of the future revenue pipeline.
Long-Term Debt and Financing Strategy
A fundamental shift in the financing structure occurred in late 2024. Long-term debt, excluding the current portion, remained relatively stable or modest until September 2024, at which point it surged from approximately 998.9 million US$ to 2.47 billion US$. This debt level remained consistent through March 2026. This suggests a strategic decision to secure large-scale long-term funding, which contributed to total long-term liabilities increasing from 664.2 million US$ in April 2021 to 3.37 billion US$ by the end of the analyzed period.
Equity Dynamics and Capital Allocation
Stockholders' equity demonstrated robust growth, increasing from 2.54 billion US$ in April 2021 to 6.56 billion US$ by March 2026. This expansion was fueled by a strong and steady increase in retained earnings, which rose from 2.53 billion US$ to 7.43 billion US$, reflecting consistent profitability. Simultaneously, the organization engaged in aggressive share repurchases, as evidenced by treasury stock at cost increasing in magnitude from -2.27 billion US$ to -6.53 billion US$. The growth in retained earnings effectively offset the capital outflows from buybacks, resulting in a net increase in total equity.
Overall Financial Leverage and Solvency
The balance sheet transitioned from a low-leverage profile in 2021 to a more leveraged position by 2026. While equity grew significantly, the accelerated accumulation of long-term debt in 2024 and 2025 increased the total liability load. Despite this, the substantial growth in retained earnings and the overall expansion of the equity base provide a significant cushion against the increased debt obligations.