Cadence Design Systems Quick Ratio 2010-2024 | CDNS

Cadence Design Systems quick ratio for the quarter ending June 30, 2024 was 1.32.

  • 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.

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.
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