Cadence Common Stock vs Cash And Short Term Investments Analysis

0HS2 Stock

309.47 1.64 0.53%

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 Common Stock and its Cash And Short Term Investments 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

Common Stock vs Cash And Short Term Investments

Common Stock vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Common Stock account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Cadence Design's Common Stock and Cash And Short Term Investments is 0.75. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash And Short Term Investments 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 Common Stock and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Cadence Design Systems are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock i.e., Cadence Design's Common Stock and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

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Common Stock

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Cadence Design Systems balance sheet. This account contains Cadence Design investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Cadence Design Systems fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to gain to about 32.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 156.2 M in 2024.

	2016	2022	2023	2024 (projected)
Total Revenue	1.8B	3.6B	4.1B	4.3B
Depreciation And Amortization	119.6M	132.1M	145.7M	118.2M

Total Revenue Depreciation And Amortization

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	Total Current Assets	Short Term Debt	Accounts Payable	Inventory	Intangible Assets	Current Deferred Revenue	Short Term Investments	Common Stock
Total Assets		0.49	0.52	0.81	0.97	0.64	-0.41	0.98	0.83	0.99	0.22	0.89	0.92	0.26	0.55	0.06	-0.98	0.88	0.95	0.28	-0.33	0.98	0.09	0.99	0.54	0.69
Short Long Term Debt Total	0.49		-0.17	0.75	0.29	0.64	0.51	0.43	0.17	0.54	-0.25	0.27	0.51	0.26	0.45	-0.04	-0.6	0.8	0.36	0.72	-0.06	0.55	0.25	0.51	0.68	0.3
Other Current Liab	0.52	-0.17		0.2	0.55	-0.24	-0.83	0.42	0.82	0.43	0.44	0.74	0.27	0.6	0.63	0.53	-0.42	0.37	0.67	-0.37	-0.74	0.41	-0.55	0.53	-0.33	0.82
Total Current Liabilities	0.81	0.75	0.2		0.69	0.82	0.01	0.75	0.55	0.8	-0.32	0.65	0.82	0.07	0.32	0.29	-0.84	0.92	0.78	0.76	-0.12	0.88	0.16	0.86	0.77	0.48
Total Stockholder Equity	0.97	0.29	0.55	0.69		0.58	-0.54	0.98	0.84	0.96	0.3	0.88	0.9	0.18	0.45	-0.03	-0.93	0.73	0.93	0.14	-0.29	0.94	0.09	0.94	0.47	0.65
Property Plant And Equipment Net	0.64	0.64	-0.24	0.82	0.58		0.25	0.69	0.19	0.68	-0.39	0.33	0.81	-0.37	-0.07	-0.18	-0.71	0.63	0.5	0.79	0.38	0.75	0.58	0.65	0.96	0.12
Net Debt	-0.41	0.51	-0.83	0.01	-0.54	0.25		-0.37	-0.76	-0.31	-0.43	-0.69	-0.17	-0.32	-0.21	-0.29	0.25	-0.06	-0.58	0.48	0.61	-0.33	0.56	-0.37	0.31	-0.48
Retained Earnings	0.98	0.43	0.42	0.75	0.98	0.69	-0.37		0.75	0.99	0.26	0.81	0.96	0.13	0.47	-0.1	-0.97	0.79	0.89	0.24	-0.17	0.96	0.24	0.95	0.57	0.61
Cash	0.83	0.17	0.82	0.55	0.84	0.19	-0.76	0.75		0.75	0.31	0.99	0.58	0.57	0.58	0.3	-0.74	0.67	0.94	-0.01	-0.74	0.79	-0.45	0.8	0.15	0.77
Non Current Assets Total	0.99	0.54	0.43	0.8	0.96	0.68	-0.31	0.99	0.75		0.25	0.82	0.95	0.21	0.56	-0.05	-0.99	0.87	0.9	0.29	-0.23	0.96	0.22	0.97	0.57	0.65
Non Currrent Assets Other	0.22	-0.25	0.44	-0.32	0.3	-0.39	-0.43	0.26	0.31	0.25		0.22	0.12	0.37	0.57	-0.33	-0.17	0.01	0.14	-0.81	-0.33	0.03	-0.02	0.16	-0.52	0.28
Cash And Short Term Investments	0.89	0.27	0.74	0.65	0.88	0.33	-0.69	0.81	0.99	0.82	0.22		0.65	0.51	0.54	0.26	-0.81	0.73	0.97	0.12	-0.67	0.86	-0.37	0.85	0.3	0.75
Net Receivables	0.92	0.51	0.27	0.82	0.9	0.81	-0.17	0.96	0.58	0.95	0.12	0.65		-0.08	0.37	-0.06	-0.94	0.8	0.8	0.38	0.05	0.92	0.45	0.93	0.66	0.5
Common Stock Shares Outstanding	0.26	0.26	0.6	0.07	0.18	-0.37	-0.32	0.13	0.57	0.21	0.37	0.51	-0.08		0.8	0.19	-0.25	0.38	0.35	-0.23	-0.89	0.19	-0.68	0.21	-0.27	0.67
Non Current Liabilities Total	0.55	0.45	0.63	0.32	0.45	-0.07	-0.21	0.47	0.58	0.56	0.57	0.54	0.37	0.8		0.13	-0.57	0.66	0.51	-0.19	-0.63	0.43	-0.19	0.55	-0.13	0.8
Other Current Assets	0.06	-0.04	0.53	0.29	-0.03	-0.18	-0.29	-0.1	0.3	-0.05	-0.33	0.26	-0.06	0.19	0.13		0.02	0.23	0.28	0.17	-0.41	0.06	-0.51	0.18	-0.22	0.32
Other Stockholder Equity	-0.98	-0.6	-0.42	-0.84	-0.93	-0.71	0.25	-0.97	-0.74	-0.99	-0.17	-0.81	-0.94	-0.25	-0.57	0.02		-0.9	-0.9	-0.36	0.24	-0.97	-0.2	-0.97	-0.62	-0.69
Total Liab	0.88	0.8	0.37	0.92	0.73	0.63	-0.06	0.79	0.67	0.87	0.01	0.73	0.8	0.38	0.66	0.23	-0.9		0.82	0.52	-0.35	0.88	0.06	0.9	0.57	0.66
Total Current Assets	0.95	0.36	0.67	0.78	0.93	0.5	-0.58	0.89	0.94	0.9	0.14	0.97	0.8	0.35	0.51	0.28	-0.9	0.82		0.25	-0.51	0.94	-0.18	0.95	0.43	0.73
Short Term Debt	0.28	0.72	-0.37	0.76	0.14	0.79	0.48	0.24	-0.01	0.29	-0.81	0.12	0.38	-0.23	-0.19	0.17	-0.36	0.52	0.25		0.25	0.45	0.25	0.33	0.86	-0.02
Accounts Payable	-0.33	-0.06	-0.74	-0.12	-0.29	0.38	0.61	-0.17	-0.74	-0.23	-0.33	-0.67	0.05	-0.89	-0.63	-0.41	0.24	-0.35	-0.51	0.25		-0.26	0.86	-0.29	0.32	-0.59
Inventory	0.98	0.55	0.41	0.88	0.94	0.75	-0.33	0.96	0.79	0.96	0.03	0.86	0.92	0.19	0.43	0.06	-0.97	0.88	0.94	0.45	-0.26		0.1	0.96	0.68	0.63
Intangible Assets	0.09	0.25	-0.55	0.16	0.09	0.58	0.56	0.24	-0.45	0.22	-0.02	-0.37	0.45	-0.68	-0.19	-0.51	-0.2	0.06	-0.18	0.25	0.86	0.1		0.11	0.45	-0.27
Current Deferred Revenue	0.99	0.51	0.53	0.86	0.94	0.65	-0.37	0.95	0.8	0.97	0.16	0.85	0.93	0.21	0.55	0.18	-0.97	0.9	0.95	0.33	-0.29	0.96	0.11		0.52	0.69
Short Term Investments	0.54	0.68	-0.33	0.77	0.47	0.96	0.31	0.57	0.15	0.57	-0.52	0.3	0.66	-0.27	-0.13	-0.22	-0.62	0.57	0.43	0.86	0.32	0.68	0.45	0.52		0.07
Common Stock	0.69	0.3	0.82	0.48	0.65	0.12	-0.48	0.61	0.77	0.65	0.28	0.75	0.5	0.67	0.8	0.32	-0.69	0.66	0.73	-0.02	-0.59	0.63	-0.27	0.69	0.07

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Cadence Design Account Relationship Matchups

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Cadence Common Stock vs Cash And Short Term Investments Analysis

Common Stock vs Cash And Short Term Investments

Common Stock vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Common Stock

Cash And Short Term Investments

Cadence Design fundamental ratios Correlations

Cadence Design Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Non Current Assets Total	+ 0.99	Total Assets
Current Deferred Revenue	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Retained Earnings
Cash And Short Term Investments	+ 0.99	Cash
Retained Earnings	+ 0.98	Total Assets
Inventory	+ 0.98	Total Assets

Other Stockholder Equity	- 0.99	Non Current Assets Total
Other Stockholder Equity	- 0.98	Total Assets
Current Deferred Revenue	- 0.97	Other Stockholder Equity
Inventory	- 0.97	Other Stockholder Equity
Other Stockholder Equity	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.94	Net Receivables