Cadence Design Systems Current Ratio 2010-2024 | CDNS

Cadence Design Systems current ratio for the quarter ending September 30, 2024 was 2.45.

  • Cadence Design Systems average current ratio for 2023 was 1.37, a 8.67% increase from 2022.
  • Cadence Design Systems average current ratio for 2022 was 1.5, a 11.24% decline from 2021.
  • Cadence Design Systems average current ratio for 2021 was 1.69, a 9.03% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.

Cadence Design Systems Current Ratio 2010-2024 | CDNS

  • Cadence Design Systems average current ratio for 2023 was 1.37, a 8.67% increase from 2022.
  • Cadence Design Systems average current ratio for 2022 was 1.5, a 11.24% decline from 2021.
  • Cadence Design Systems average current ratio for 2021 was 1.69, a 9.03% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.
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