Cadence Cash Per Share vs Payout Ratio Analysis

CDNS Stock

USD 311.87 5.36 1.75%

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 Cash Per Share and its Payout Ratio 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.

Cash Per Share vs Payout Ratio

Cash Per Share vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Cash Per Share account and Payout Ratio. At this time, the significance of the direction appears to have strong relationship.

The correlation between Cadence Design's Cash Per Share and Payout Ratio is 0.73. Overlapping area represents the amount of variation of Cash Per Share that can explain the historical movement of Payout Ratio 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 Cash Per Share and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Per Share of Cadence Design Systems are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Cash Per Share i.e., Cadence Design's Cash Per Share and Payout Ratio go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

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Cash Per Share

Payout Ratio

Payout Ratio is the proportion of Cadence Design Systems earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Cadence Design Systems dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Cadence Design Systems is paying out more in dividends than it makes in net income.

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.

At this time, Cadence Design's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 152.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	3.2B	3.6B	3.8B
Total Revenue	3.0B	3.6B	4.1B	4.3B

Gross Profit Total Revenue

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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Inventory	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.68	0.36	0.78	0.97	0.92	-0.41	0.89	0.89	0.98	0.46	0.89	0.86	0.44	0.58	0.37	-0.91	0.91	0.91	0.9	0.3	0.47	0.94	0.67	0.95	0.96
Short Long Term Debt Total	0.68		0.33	0.7	0.53	0.75	0.25	0.5	0.63	0.65	0.32	0.65	0.58	0.54	0.64	0.2	-0.62	0.87	0.58	0.66	0.43	0.57	0.62	0.79	0.76	0.69
Other Current Liab	0.36	0.33		0.67	0.22	0.22	-0.35	-0.02	0.56	0.19	-0.1	0.57	0.11	0.58	0.17	0.61	-0.02	0.56	0.17	0.66	0.49	0.05	0.2	0.57	0.35	0.27
Total Current Liabilities	0.78	0.7	0.67		0.65	0.81	-0.23	0.52	0.78	0.66	-0.04	0.83	0.61	0.5	0.21	0.56	-0.57	0.9	0.69	0.92	0.79	0.59	0.76	0.72	0.79	0.75
Total Stockholder Equity	0.97	0.53	0.22	0.65		0.87	-0.5	0.94	0.83	0.98	0.48	0.83	0.84	0.33	0.52	0.26	-0.92	0.78	0.9	0.82	0.18	0.4	0.93	0.54	0.89	0.92
Property Plant And Equipment Net	0.92	0.75	0.22	0.81	0.87		-0.21	0.82	0.79	0.9	0.31	0.82	0.87	0.46	0.45	0.35	-0.87	0.88	0.86	0.83	0.48	0.61	0.93	0.64	0.96	0.93
Net Debt	-0.41	0.25	-0.35	-0.23	-0.5	-0.21		-0.3	-0.6	-0.33	-0.2	-0.56	-0.27	-0.23	-0.01	-0.41	0.21	-0.18	-0.31	-0.5	0.03	0.35	-0.32	-0.01	-0.31	-0.32
Retained Earnings	0.89	0.5	-0.02	0.52	0.94	0.82	-0.3		0.65	0.95	0.46	0.64	0.85	0.05	0.53	0.16	-0.98	0.69	0.93	0.65	0.08	0.47	0.91	0.37	0.78	0.9
Cash	0.89	0.63	0.56	0.78	0.83	0.79	-0.6	0.65		0.8	0.41	0.99	0.69	0.63	0.53	0.5	-0.67	0.87	0.73	0.95	0.35	0.21	0.77	0.67	0.88	0.82
Non Current Assets Total	0.98	0.65	0.19	0.66	0.98	0.9	-0.33	0.95	0.8		0.54	0.79	0.88	0.35	0.64	0.27	-0.96	0.84	0.93	0.79	0.16	0.47	0.93	0.6	0.92	0.96
Non Currrent Assets Other	0.46	0.32	-0.1	-0.04	0.48	0.31	-0.2	0.46	0.41	0.54		0.33	0.43	0.38	0.81	-0.01	-0.49	0.35	0.42	0.22	-0.55	-0.11	0.35	0.34	0.48	0.48
Cash And Short Term Investments	0.89	0.65	0.57	0.83	0.83	0.82	-0.56	0.64	0.99	0.79	0.33		0.66	0.62	0.43	0.44	-0.65	0.87	0.73	0.97	0.46	0.31	0.8	0.7	0.88	0.81
Net Receivables	0.86	0.58	0.11	0.61	0.84	0.87	-0.27	0.85	0.69	0.88	0.43	0.66		0.3	0.58	0.53	-0.9	0.77	0.86	0.68	0.18	0.42	0.85	0.43	0.86	0.93
Common Stock Shares Outstanding	0.44	0.54	0.58	0.5	0.33	0.46	-0.23	0.05	0.63	0.35	0.38	0.62	0.3		0.46	0.36	-0.15	0.59	0.17	0.58	0.23	0.02	0.25	0.73	0.64	0.39
Non Current Liabilities Total	0.58	0.64	0.17	0.21	0.52	0.45	-0.01	0.53	0.53	0.64	0.81	0.43	0.58	0.46		0.22	-0.61	0.61	0.51	0.39	-0.32	0.07	0.43	0.53	0.6	0.61
Other Current Assets	0.37	0.2	0.61	0.56	0.26	0.35	-0.41	0.16	0.5	0.27	-0.01	0.44	0.53	0.36	0.22		-0.24	0.51	0.37	0.52	0.35	0.03	0.32	0.22	0.42	0.46
Other Stockholder Equity	-0.91	-0.62	-0.02	-0.57	-0.92	-0.87	0.21	-0.98	-0.67	-0.96	-0.49	-0.65	-0.9	-0.15	-0.61	-0.24		-0.76	-0.95	-0.67	-0.13	-0.53	-0.92	-0.45	-0.84	-0.94
Total Liab	0.91	0.87	0.56	0.9	0.78	0.88	-0.18	0.69	0.87	0.84	0.35	0.87	0.77	0.59	0.61	0.51	-0.76		0.8	0.91	0.49	0.52	0.83	0.81	0.92	0.9
Property Plant And Equipment Gross	0.91	0.58	0.17	0.69	0.9	0.86	-0.31	0.93	0.73	0.93	0.42	0.73	0.86	0.17	0.51	0.37	-0.95	0.8		0.76	0.25	0.56	0.96	0.5	0.84	0.96
Total Current Assets	0.9	0.66	0.66	0.92	0.82	0.83	-0.5	0.65	0.95	0.79	0.22	0.97	0.68	0.58	0.39	0.52	-0.67	0.91	0.76		0.56	0.39	0.82	0.72	0.88	0.83
Short Term Debt	0.3	0.43	0.49	0.79	0.18	0.48	0.03	0.08	0.35	0.16	-0.55	0.46	0.18	0.23	-0.32	0.35	-0.13	0.49	0.25	0.56		0.56	0.37	0.37	0.35	0.28
Accounts Payable	0.47	0.57	0.05	0.59	0.4	0.61	0.35	0.47	0.21	0.47	-0.11	0.31	0.42	0.02	0.07	0.03	-0.53	0.52	0.56	0.39	0.56		0.63	0.54	0.47	0.52
Inventory	0.94	0.62	0.2	0.76	0.93	0.93	-0.32	0.91	0.77	0.93	0.35	0.8	0.85	0.25	0.43	0.32	-0.92	0.83	0.96	0.82	0.37	0.63		0.58	0.88	0.94
Intangible Assets	0.67	0.79	0.57	0.72	0.54	0.64	-0.01	0.37	0.67	0.6	0.34	0.7	0.43	0.73	0.53	0.22	-0.45	0.81	0.5	0.72	0.37	0.54	0.58		0.74	0.62
Common Stock	0.95	0.76	0.35	0.79	0.89	0.96	-0.31	0.78	0.88	0.92	0.48	0.88	0.86	0.64	0.6	0.42	-0.84	0.92	0.84	0.88	0.35	0.47	0.88	0.74		0.94
Current Deferred Revenue	0.96	0.69	0.27	0.75	0.92	0.93	-0.32	0.9	0.82	0.96	0.48	0.81	0.93	0.39	0.61	0.46	-0.94	0.9	0.96	0.83	0.28	0.52	0.94	0.62	0.94

Click cells to compare fundamentals

Cadence Design Account Relationship Matchups

Cadence Design fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	4.0B	4.4B	5.1B	5.7B	6.0B
Short Long Term Debt Total	371.6M	380.7M	372.9M	748.1M	806.0M	846.3M
Other Current Liab	316.9M	350.0M	417.3M	510.0M	383.3M	221.5M
Total Current Liabilities	672.4M	796.8M	971.2M	1.3B	1.6B	1.7B
Total Stockholder Equity	2.1B	2.5B	2.7B	2.7B	3.4B	3.6B
Property Plant And Equipment Net	275.9M	311.1M	305.9M	371.5M	554.0M	581.7M
Net Debt	(359.2M)	(581.6M)	(741.4M)	(134.2M)	(202.1M)	(212.2M)
Retained Earnings	1.8B	2.4B	3.0B	3.9B	4.9B	5.2B
Cash	705.2M	928.4M	1.1B	882.3M	1.0B	1.1B
Non Current Assets Total	2.2B	2.5B	2.7B	3.4B	3.7B	3.9B
Non Currrent Assets Other	207.2M	303.9M	311.7M	356.3M	137.2M	194.3M
Cash And Short Term Investments	705.2M	928.4M	1.1B	882.3M	1.1B	1.2B
Net Receivables	304.5M	338.5M	337.6M	486.7M	506.8M	532.1M
Common Stock Shares Outstanding	280.5M	279.6M	278.9M	275.0M	272.7M	259.7M
Liabilities And Stockholders Equity	3.4B	4.0B	4.4B	5.1B	5.7B	6.0B
Non Current Liabilities Total	581.9M	661.0M	674.4M	1.0B	674.4M	449.0M
Other Current Assets	103.8M	135.7M	173.5M	205.2M	149.3M	86.2M
Other Stockholder Equity	(1.7B)	(2.1B)	(2.7B)	(3.8B)	(4.6B)	(4.4B)
Total Liab	1.3B	1.5B	1.6B	2.4B	2.3B	2.4B
Property Plant And Equipment Gross	376.2M	444.5M	1.2B	1.3B	1.4B	1.5B
Total Current Assets	1.2B	1.5B	1.7B	1.7B	2.0B	2.1B
Accumulated Other Comprehensive Income	(36.9M)	(17.4M)	(33.3M)	(91.6M)	(94.8M)	(90.0M)
Short Term Debt	100M	25.6M	33.9M	25.3M	390.9M	410.4M
Accounts Payable	(25.6M)	(33.9M)	(25.3M)	47.1M	91.2M	62.2M
Inventory	55.8M	76.0M	115.7M	128.0M	181.7M	190.7M
Intangible Assets	172.4M	210.6M	233.3M	354.6M	336.8M	324.2M
Common Stock	2.0B	2.2B	2.5B	2.8B	3.2B	3.3B
Current Deferred Revenue	355.5M	446.9M	553.9M	690.5M	683.8M	718.0M
Common Stock Total Equity	2.0B	2.2B	2.5B	2.8B	3.2B	3.3B
Short Term Investments	4.6M	4.5M	6.0M	4.5M	130.4M	136.9M
Other Liab	151.1M	200.3M	326.8M	256.8M	231.2M	202.3M
Other Assets	839.2M	902.8M	1.2B	1.0B	1.2B	1.3B
Long Term Debt	346.0M	346.8M	347.6M	648.1M	299.8M	388.2M
Treasury Stock	(1.7B)	(2.1B)	(2.7B)	(3.8B)	(3.4B)	(3.3B)
Property Plant Equipment	275.9M	311.1M	305.9M	371.5M	334.3M	251.3M
Good Will	661.9M	782.1M	928.4M	1.4B	1.5B	864.7M
Net Tangible Assets	2.1B	1.5B	1.6B	1.0B	1.2B	1.1B
Retained Earnings Total Equity	1.8B	2.4B	3.0B	3.9B	4.5B	4.7B
Long Term Debt Total	346.0M	346.8M	347.6M	648.1M	745.3M	455.7M
Deferred Long Term Liab	73.4M	107.1M	101.1M	91.5M	105.3M	76.0M

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