What is Enovix Corporation's cash ratio?

Enovix Corporation (ENVX) reported cash ratio of 1.8× in Q1 2026.

How has Enovix Corporation's cash ratio changed year-over-year?

Enovix Corporation's cash ratio decreased by 46.3% year-over-year, from 3.3× to 1.8×.

What is the long-term trend for Enovix Corporation's cash ratio?

Over 5 years (2020 to 2025), Enovix Corporation's cash ratio has grown at a -9.2% compound annual growth rate (CAGR), from 2.7× to 1.7×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Enovix Corporation ENVX Cash ratio

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3.3×+0.4×

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3.9×+0.3×

Eos Energy Enterprises, Inc.EOSE

3.8×+2.5×

Advanced Energy IndustriesAEIS

0.7×-1.6×

WolfspeedWOLF

2.9×+1.7×

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0.5×+0.1×

Other financials

Income statement

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Revenue$7.6M+49.1%

Gross profit$1.6M+495%

Operating income-$43.9M-3.1%

Net income-$38.3M-62.7%

EPS (diluted)-$0.18-50.0%

Balance sheet

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Cash & equivalents$90.6M-52.7%

Total debt$543.6M+179%

Total equity$240.7M+2.4%

Total assets$833.9M+67.1%

Cash flow

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Operating cash flow-$33.1M-95.6%

CapEx$3.2M-48.7%

Free cash flow-$36.3M-56.6%

Valuation

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Market cap$1.3B-18.0%

Enterprise value$1.75B+10.5%

P/S37.8×-31.2×

Profitability

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Gross margin21.5%—

Operating margin-520.3%-160pp

Net margin-499.6%-149pp

FCF margin-368.9%-117pp

Returns & leverage

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Return on equity-72.1%-10.0pp

Debt / equity2.3×+1.4×

Current ratio11×+6.3×

Where this comes from

Calculated from Enovix Corporation’s reported figures.

cash and equivalents/total current liabilities=1.8×

Based on the most recent quarter.

The official record: Enovix Corporation’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enovix Corporation's cash ratio?: Enovix Corporation (ENVX) reported cash ratio of 1.8× in Q1 2026.
How has Enovix Corporation's cash ratio changed year-over-year?: Enovix Corporation's cash ratio decreased by 46.3% year-over-year, from 3.3× to 1.8×.
What is the long-term trend for Enovix Corporation's cash ratio?: Over 5 years (2020 to 2025), Enovix Corporation's cash ratio has grown at a -9.2% compound annual growth rate (CAGR), from 2.7× to 1.7×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.