Cadence Design Systems Quick Ratio 2010-2024 | CDNS
- Cadence Design Systems average quick ratio for 2023 was 1.26, a 10% increase from 2022.
- Cadence Design Systems average quick ratio for 2022 was 1.4, a 11.39% decline from 2021.
- Cadence Design Systems average quick ratio for 2021 was 1.58, a 5.33% decline from 2020.
Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.