Cadence Non Current Assets Total vs Short Long Term Debt Total 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 Non Current Assets Total and its Short Long Term Debt Total 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.

Non Current Assets Total vs Short Long Term Debt Total

Non Current Assets Total vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Non Current Assets Total account and Short Long Term Debt Total. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Cadence Design's Non Current Assets Total and Short Long Term Debt Total is 0.54. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Short Long Term Debt Total 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 Non Current Assets Total and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Cadence Design Systems are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Non Current Assets Total i.e., Cadence Design's Non Current Assets Total and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Short Long Term Debt Total

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 Non Current Assets Total vs Short Long Term Debt Total Analysis

Non Current Assets Total vs Short Long Term Debt Total

Non Current Assets Total vs Short Long Term Debt Total Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Short Long Term Debt Total

Cadence Design fundamental ratios Correlations

Cadence Design Account Relationship Matchups

High Positive Relationship

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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