What is Enovix Corporation's current ratio?

Enovix Corporation (ENVX) reported current ratio of 11× in Q1 2026.

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

Enovix Corporation's current ratio increased by 134.7% year-over-year, from 4.7× to 11×.

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

Over 5 years (2020 to 2025), Enovix Corporation's current ratio has grown at a 22.4% compound annual growth rate (CAGR), from 3× to 8.3×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Enovix Corporation ENVX Current ratio

Current ratio at other companies

QuantumScape Corporation QS

20.9×+4.3×

Amprius TechnologiesAMPX

7.1×+2.4×

Eos Energy Enterprises, Inc.EOSE

4.7×+2.7×

Advanced Energy IndustriesAEIS

1.6×-2.8×

WolfspeedWOLF

7×+2.4×

EnerSysENS

2.7×0.0×

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-19.9%

Enterprise value$1.75B+12.2%

P/S37.8×-32.8×

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×

Where this comes from

Calculated from Enovix Corporation’s reported figures.

total current assets/total current liabilities=11×

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 current ratio?: Enovix Corporation (ENVX) reported current ratio of 11× in Q1 2026.
How has Enovix Corporation's current ratio changed year-over-year?: Enovix Corporation's current ratio increased by 134.7% year-over-year, from 4.7× to 11×.
What is the long-term trend for Enovix Corporation's current ratio?: Over 5 years (2020 to 2025), Enovix Corporation's current ratio has grown at a 22.4% compound annual growth rate (CAGR), from 3× to 8.3×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.