Enovix Corporation

Enovix Corporationverified

ENVX

Price:

$9.43

Market Cap:

$1.78B

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.[Read more]

Industry

Electrical Equipment & Parts

IPO Date

2021-01-05

Stock Exchange

NASDAQ

Ticker

ENVX

The Current Ratio as of November 2024 (TTM) for Enovix Corporation (ENVX) is 3.98

According to Enovix Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 3.98. This represents a change of -29.87% compared to the average of 5.67 of the last 4 quarters.

Enovix Corporation (ENVX) Historical Current Ratio (quarterly & annually)

How has ENVX Current Ratio performed in the past?

The mean historical Current Ratio of Enovix Corporation over the last ten years is 10.45. The current 3.98 Current Ratio has changed 3.70% with respect to the historical average. Over the past ten years (40 quarters), ENVX's Current Ratio was at its highest in in the April 2022 quarter at 23.81. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

10.45

Median

10.33

Minimum

3.04

Maximum

19.29

Enovix Corporation (ENVX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Enovix Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 534.52%

Maximum Annual Current Ratio = 19.29

Minimum Annual Increase = -70.56%

Minimum Annual Current Ratio = 3.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20235.30-63.00%
202314.31-25.80%
202219.29534.52%
20203.04-70.56%

Enovix Corporation (ENVX) Average Current Ratio

How has ENVX Current Ratio performed in the past?

The current Current Ratio of Enovix Corporation (ENVX) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

12.97

5-year avg

10.45

10-year avg

10.45

Enovix Corporation (ENVX) Current Ratio vs. Peers

How is ENVX’s Current Ratio compared to its peers?

Enovix Corporation’s Current Ratio is greater than ESS Tech, Inc. (2.14), less than FREYR Battery (6.36), greater than Microvast Holdings, Inc. (1.30), greater than Eos Energy Enterprises, Inc. (1.99), less than Solid Power, Inc. (0), less than Plug Power Inc. (6.88), greater than FuelCell Energy, Inc. (2.08), less than Expion360 Inc. (6.91), greater than Amprius Technologies, Inc. (1.30), greater than Eos Energy Enterprises, Inc. (3.46), greater than Bloom Energy Corporation (1.99), greater than null (3.36),

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