Enovix Balance Sheet Health
Financial Health criteria checks 5/6
Enovix has a total shareholder equity of $261.1M and total debt of $175.0M, which brings its debt-to-equity ratio to 67%. Its total assets and total liabilities are $564.3M and $303.2M respectively.
Key information
67.0%
Debt to equity ratio
US$175.02m
Debt
| Interest coverage ratio | n/a |
| Cash | US$306.82m |
| Equity | US$261.10m |
| Total liabilities | US$303.20m |
| Total assets | US$564.30m |
Recent financial health updates
Health Check: How Prudently Does Enovix (NASDAQ:ENVX) Use Debt?
Feb 25
We're Not Very Worried About Enovix's (NASDAQ:ENVX) Cash Burn Rate
Apr 11Recent updates
Enovix: Setting The Stage For Exponential Growth
Feb 26Health Check: How Prudently Does Enovix (NASDAQ:ENVX) Use Debt?
Feb 25Is Enovix Corporation (NASDAQ:ENVX) Trading At A 27% Discount?
Oct 23Why Enovix Corporation (NASDAQ:ENVX) Could Be Worth Watching
Sep 30Estimating The Fair Value Of Enovix Corporation (NASDAQ:ENVX)
May 20We're Not Very Worried About Enovix's (NASDAQ:ENVX) Cash Burn Rate
Apr 11Enovix Corporation (NASDAQ:ENVX) Shares Could Be 47% Below Their Intrinsic Value Estimate
Feb 08Commercial Production Is A Game Changer At Enovix
Sep 07Is Enovix Corporation (NASDAQ:ENVX) Trading At A 48% Discount?
Sep 06Enovix Rips Higher As Futuristic Battery Tech Comes Into Focus
Aug 25Enovix GAAP EPS of -$0.18 beats by $0.01, revenue of $5.1M beats by $4.78M
Aug 10Enovix: Leading Battery Technology Company For The Next Decade
Jul 19Enovix announces shipment of battery packs
Jul 12Enovix: The Next Disruptor
May 05Enovix Corp.: A First Evaluation
Apr 13Financial Position Analysis
Short Term Liabilities: ENVX's short term assets ($323.2M) exceed its short term liabilities ($61.0M).
Long Term Liabilities: ENVX's short term assets ($323.2M) exceed its long term liabilities ($242.2M).
Debt to Equity History and Analysis
Debt Level: ENVX has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ENVX's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ENVX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ENVX has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 36% each year.