Cadence Design Systems Inc., current enterprise value calculation

Current share price (P)	$305.60
No. shares of common stock outstanding	274,263,000
US$ in thousands
Common equity (market value)¹	83,814,773)
Add: Preferred stock, $0.01 par value; none issued or outstanding (per books)	—)
Total equity	83,814,773)
Add: Revolving credit facility (per books)	—)
Add: Current portion of long-term debt (per books)	349,285)
Add: Long-term debt, excluding current portion (per books)	299,771)
Total equity and debt	84,463,829)
Less: Cash and cash equivalents	1,008,152)
Less: Short-term investments	130,359)
Enterprise value (EV)	83,325,318)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 305.60 × 274,263,000

Cadence Design Systems Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 28, 2019
Share price^1, 2	$300.74	$185.70	$135.21	$133.16	$71.39
No. shares of common stock outstanding¹	272,239,000	272,940,000	277,336,000	278,974,000	280,168,000
US$ in thousands
Common equity (market value)³	81,873,157)	50,684,958)	37,498,601)	37,148,178)	20,001,194)
Add: Preferred stock, $0.01 par value; none issued or outstanding (book value)	—)	—)	—)	—)	—)
Total equity	81,873,157)	50,684,958)	37,498,601)	37,148,178)	20,001,194)
Add: Revolving credit facility (book value)	—)	100,000)	—)	—)	—)
Add: Current portion of long-term debt (book value)	349,285)	—)	—)	—)	—)
Add: Long-term debt, excluding current portion (book value)	299,771)	648,078)	347,588)	346,793)	346,019)
Total equity and debt	82,522,213)	51,433,036)	37,846,189)	37,494,971)	20,347,213)
Less: Cash and cash equivalents	1,008,152)	882,325)	1,088,940)	928,432)	705,210)
Less: Short-term investments	130,359)	4,490)	5,956)	4,452)	4,600)
Enterprise value (EV)	81,383,702)	50,546,221)	36,751,293)	36,562,087)	19,637,403)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Cadence Design Systems Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 300.74 × 272,239,000

Download chart

Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Cadence Design Systems Inc. EV increased from 2021 to 2022 and from 2022 to 2023.

Cadence Design Systems Inc. (NASDAQ:CDNS)

Enterprise Value (EV)