Enovix Balance Sheet Health
Financial Health criteria checks 5/6
Enovix has a total shareholder equity of $170.2M and total debt of $180.3M, which brings its debt-to-equity ratio to 105.9%. Its total assets and total liabilities are $448.0M and $277.8M respectively.
Key information
105.9%
Debt to equity ratio
US$180.30m
Debt
| Interest coverage ratio | n/a |
| Cash | US$200.91m |
| Equity | US$170.24m |
| Total liabilities | US$277.78m |
| Total assets | US$448.02m |
Recent financial health updates
Is Enovix (NASDAQ:ENVX) Using Too Much Debt?
Jun 18
Health Check: How Prudently Does Enovix (NASDAQ:ENVX) Use Debt?
Feb 25We're Not Very Worried About Enovix's (NASDAQ:ENVX) Cash Burn Rate
Apr 11Recent updates
Enovix: Battery Tech Company Hinging On High Expectations
Nov 13Enovix Corporation (NASDAQ:ENVX) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Oct 31Enovix: Surprise Capital Raise Not Likely To Bode Well With Investors - Sell
Oct 31Enovix: Fully Charged To Move Higher
Oct 17Enovix: Show-Me Story Continues - Sell
Oct 05Enovix: Executing On Commercialization And Manufacturing Milestones
Sep 02Enovix Q2 Earnings: Recent Dip Is An Opportunity In Disguise
Aug 02Enovix: Fast Approaching Production Of A Unique Silicon Anode Battery At Scale
Jul 25Enovix Powers Up With New Deal: Buy This Stock
Jul 05Is Enovix (NASDAQ:ENVX) Using Too Much Debt?
Jun 18Enovix: Growing Confidence In Execution
Jun 03Enovix: Epic Rally But Company Remains A Show-Me Story
May 03Enovix: 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 10Financial Position Analysis
Short Term Liabilities: ENVX's short term assets ($224.0M) exceed its short term liabilities ($59.5M).
Long Term Liabilities: ENVX's short term assets ($224.0M) exceed its long term liabilities ($218.3M).
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 12 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ENVX has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 34.6% each year.