CDNSCadence Design Systems
Is it safe?
Strong, no red flags: a safe balance sheet and comfortable debt (AA).
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$6.0M, 90 days to Oct 8, 2026), selling is often routine.
Net cash and profitable. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -34% · now 15% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CDNS take a bad year?
Cadence Design Systems holds $982M more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Altman Z-score
- 16.05
Altman Z-score · safe zone, above 3
- Interest cover
- 13.1×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ1 2026
- $425M
- Cash and short-term investments
- $1.41B
- Net cash
- $982M
- EBITDA, trailing twelve months
- $1.73B
- Operating profit, trailing twelve months
- $1.56B
- Debt / equity
- 0.07×
- Total debt / EBITDA
- 0.25×
- Annualised volatilitytwo years of daily moves
- 41%
- Worst drawdown on file
- −34%
- Below its 52-week high
- 15%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Software, Application
The closest names by size in the same industry