Cadence Design (CDS) Ratios
Cadence Design Ratios
CH:CDS's free cash flow for Q3 2026 was $361.92M. For the 2026 fiscal year, CH:CDS's free cash flow was decreased by $-61.81M and operating cash flow was $423.73M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.86 | 2.93 | 1.24 | 1.27 | 1.77 |
| Quick Ratio | 2.67 | 2.74 | 1.13 | 1.17 | 1.65 |
| Cash Ratio | 1.84 | 1.93 | 0.63 | 0.65 | 1.12 |
| Solvency Ratio | 0.29 | 0.29 | 0.52 | 0.41 | 0.50 |
| Operating Cash Flow Ratio | 1.06 | 0.92 | 0.85 | 0.92 | 1.13 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 3.86 | 12.42 | 0.00 |
| Net Current Asset Value | $ -9.29M | $ -284.82M | $ -289.00M | $ -685.19M | $ 70.14M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.24 | 0.29 | 0.13 | 0.17 | 0.10 |
| Debt-to-Equity Ratio | 0.45 | 0.55 | 0.22 | 0.32 | 0.17 |
| Debt-to-Capital Ratio | 0.31 | 0.36 | 0.18 | 0.24 | 0.14 |
| Long-Term Debt-to-Capital Ratio | 0.31 | 0.35 | 0.08 | 0.19 | 0.11 |
| Financial Leverage Ratio | 1.85 | 1.92 | 1.67 | 1.87 | 1.60 |
| Debt Service Coverage Ratio | 12.52 | 17.45 | 3.17 | 8.19 | 49.68 |
| Interest Coverage Ratio | 14.16 | 17.77 | 34.58 | 46.82 | 45.88 |
| Debt to Market Cap | 0.03 | 0.03 | 0.01 | 0.02 | 0.01 |
| Interest Debt Per Share | 9.57 | 9.81 | 2.97 | 3.36 | 1.72 |
| Net Debt to EBITDA | -0.28 | -0.04 | -0.17 | 0.00 | -0.69 |
| Profitability Margins | |||||
| Gross Profit Margin | 86.36% | 86.05% | 89.36% | 89.57% | 89.73% |
| EBIT Margin | 30.94% | 31.71% | 32.23% | 29.99% | 26.28% |
| EBITDA Margin | 35.35% | 35.91% | 35.79% | 33.80% | 30.66% |
| Operating Profit Margin | 31.15% | 29.10% | 30.59% | 30.15% | 26.07% |
| Pretax Profit Margin | 28.74% | 30.07% | 31.34% | 29.35% | 25.72% |
| Net Profit Margin | 20.94% | 22.74% | 25.46% | 23.84% | 23.29% |
| Continuous Operations Profit Margin | 20.94% | 22.74% | 25.46% | 23.84% | 23.29% |
| Net Income Per EBT | 72.86% | 75.62% | 81.22% | 81.21% | 90.57% |
| EBT Per EBIT | 92.26% | 103.34% | 102.45% | 97.36% | 98.63% |
| Return on Assets (ROA) | 10.92% | 11.76% | 18.36% | 16.53% | 15.87% |
| Return on Equity (ROE) | 20.26% | 22.58% | 30.58% | 30.93% | 25.39% |
| Return on Capital Employed (ROCE) | 19.37% | 17.76% | 30.68% | 28.33% | 22.81% |
| Return on Invested Capital (ROIC) | 14.11% | 13.43% | 22.95% | 22.42% | 20.66% |
| Return on Tangible Assets | 16.59% | 17.59% | 27.42% | 24.91% | 21.58% |
| Earnings Yield | 1.31% | 1.30% | 1.42% | 1.95% | 1.37% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.61 | 6.82 | 8.36 | 7.32 | 8.68 |
| Payables Turnover | 0.84 | 116.56 | 4.77 | 7.89 | 0.00 |
| Inventory Turnover | 2.38 | 2.51 | 2.39 | 2.90 | 2.65 |
| Fixed Asset Turnover | 10.25 | 7.68 | 7.38 | 6.57 | 6.85 |
| Asset Turnover | 0.52 | 0.52 | 0.72 | 0.69 | 0.68 |
| Working Capital Turnover Ratio | 1.86 | 3.06 | 10.99 | 6.45 | 4.19 |
| Cash Conversion Cycle | -214.51 | 195.65 | 119.56 | 129.33 | 179.65 |
| Days of Sales Outstanding | 65.12 | 53.51 | 43.66 | 49.88 | 42.07 |
| Days of Inventory Outstanding | 153.40 | 145.27 | 152.41 | 125.72 | 137.58 |
| Days of Payables Outstanding | 433.03 | 3.13 | 76.51 | 46.27 | 0.00 |
| Operating Cycle | 218.52 | 198.79 | 196.07 | 175.60 | 179.65 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 6.37 | 4.65 | 5.01 | 4.58 | 4.03 |
| Free Cash Flow Per Share | 5.85 | 4.12 | 4.63 | 4.12 | 3.78 |
| Dividend Paid and CapEx Coverage Ratio | 12.19 | 8.84 | 13.16 | 10.00 | 16.46 |
| Capital Expenditure Coverage Ratio | 12.19 | 8.84 | 13.16 | 10.00 | 16.46 |
| Operating Cash Flow Coverage Ratio | 0.70 | 0.49 | 1.76 | 1.40 | 2.42 |
| Operating Cash Flow to Sales Ratio | 0.33 | 0.27 | 0.33 | 0.35 | 0.37 |
| Free Cash Flow Yield | 1.87% | 1.37% | 1.70% | 2.57% | 2.03% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 76.43 | 77.20 | 70.47 | 51.32 | 73.23 |
| Price-to-Sales (P/S) Ratio | 16.01 | 17.56 | 17.94 | 12.23 | 17.06 |
| Price-to-Book (P/B) Ratio | 15.49 | 17.44 | 21.55 | 15.87 | 18.60 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 53.45 | 72.89 | 58.85 | 38.98 | 49.29 |
| Price-to-Operating Cash Flow Ratio | 49.06 | 64.65 | 54.38 | 35.08 | 46.29 |
| Price-to-Earnings Growth (PEG) Ratio | 14.86 | 99.34 | 3.02 | 2.21 | 4.16 |
| Enterprise Value Multiple | 45.02 | 48.85 | 49.96 | 36.20 | 54.94 |
| Enterprise Value | 84.29B | 81.43B | 73.13B | 43.57B | 50.33B |
| EV to EBITDA | 45.02 | 48.85 | 49.96 | 36.20 | 54.94 |
| EV to Sales | 15.91 | 17.54 | 17.88 | 12.23 | 16.84 |
| EV to Free Cash Flow | 53.12 | 72.83 | 58.66 | 38.98 | 48.67 |
| EV to Operating Cash Flow | 48.76 | 64.60 | 54.20 | 35.08 | 45.72 |
| Tangible Book Value Per Share | 7.40 | 6.27 | 5.69 | 3.75 | 5.77 |
| Shareholders’ Equity Per Share | 20.18 | 17.23 | 12.64 | 10.12 | 10.02 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.27 | 0.24 | 0.19 | 0.19 | 0.09 |
| Revenue Per Share | 19.52 | 17.11 | 15.18 | 13.13 | 10.93 |
| Net Income Per Share | 4.09 | 3.89 | 3.86 | 3.13 | 2.54 |
| Tax Burden | 0.73 | 0.76 | 0.81 | 0.81 | 0.91 |
| Interest Burden | 0.93 | 0.95 | 0.97 | 0.98 | 0.98 |
| Research & Development to Revenue | 0.33 | 0.33 | 0.35 | 0.35 | 0.38 |
| SG&A to Revenue | 0.21 | 0.22 | 0.06 | 0.07 | 0.06 |
| Stock-Based Compensation to Revenue | 0.09 | 0.08 | 0.08 | 0.08 | 0.07 |
| Income Quality | 1.56 | 1.19 | 1.30 | 1.46 | 1.58 |
Currency in USD
