The Current Ratio as of September 2024 (TTM) for Cadence Design Systems, Inc. (CDNS) is 1.43

According to Cadence Design Systems, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.43. This represents a change of 5.41% compared to the average of 1.36 of the last 4 quarters.

Cadence Design Systems, Inc. (CDNS) Historical Current Ratio (quarterly & annually)

How has CDNS Current Ratio performed in the past?

The mean historical Current Ratio of Cadence Design Systems, Inc. over the last ten years is 1.51. The current 1.43 Current Ratio has changed 9.41% with respect to the historical average. Over the past ten years (40 quarters), CDNS's Current Ratio was at its highest in in the October 2015 quarter at 2.04. The Current Ratio was at its lowest in in the September 2014 quarter at 1.04.

Cadence Design Systems, Inc. (CDNS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Cadence Design Systems, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Cadence Design Systems, Inc. (CDNS) Average Current Ratio

How has CDNS Current Ratio performed in the past?

The current Current Ratio of Cadence Design Systems, Inc. (CDNS) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

Cadence Design Systems, Inc. (CDNS) Current Ratio vs. Peers

How is CDNS’s Current Ratio compared to its peers?

Cadence Design Systems, Inc.’s Current Ratio is less than Workday, Inc. (1.99), greater than Salesforce, Inc. (0.95), greater than Intuit Inc. (1.29), less than Snowflake Inc. (1.55), greater than Atlassian Corporation (1.18), less than Zoom Video Communications, Inc. (4.45), greater than ServiceNow, Inc. (1.05), greater than Paycom Software, Inc. (1.08), less than Datadog, Inc. (1.98), less than The Trade Desk, Inc. (1.80), less than Unity Software Inc. (2.35), greater than Autodesk, Inc. (0.64),

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