What is Enovix Corporation's quick ratio?

Enovix Corporation (ENVX) reported quick ratio of 10.7× in Q1 2026.

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

Enovix Corporation's quick ratio increased by 137.0% year-over-year, from 4.5× to 10.7×.

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

Over 5 years (2020 to 2025), Enovix Corporation's quick ratio has grown at a 21.7% compound annual growth rate (CAGR), from 3× to 8.1×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Enovix Corporation ENVX Quick ratio

Quick ratio at other companies

QuantumScape Corporation QS

20.9×+4.3×

Amprius TechnologiesAMPX

6.6×+2.2×

Eos Energy Enterprises, Inc.EOSE

4.2×+2.6×

Advanced Energy IndustriesAEIS

1.1×-2.1×

WolfspeedWOLF

5.9×+2.0×

EnerSysENS

1.8×0.0×

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-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.

quick assets/total current liabilities=10.7×

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 quick ratio?: Enovix Corporation (ENVX) reported quick ratio of 10.7× in Q1 2026.
How has Enovix Corporation's quick ratio changed year-over-year?: Enovix Corporation's quick ratio increased by 137.0% year-over-year, from 4.5× to 10.7×.
What is the long-term trend for Enovix Corporation's quick ratio?: Over 5 years (2020 to 2025), Enovix Corporation's quick ratio has grown at a 21.7% compound annual growth rate (CAGR), from 3× to 8.1×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.