Enovix Corp (ENVX) - Total Assets
Based on the latest financial reports, Enovix Corp (ENVX) holds total assets worth $913.71 Million USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check Enovix Corp (ENVX) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Enovix Corp - Total Assets Trend (2019–2024)
This chart illustrates how Enovix Corp's total assets have evolved over time, based on quarterly financial data. Explore ENVX long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Enovix Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Enovix Corp's total assets of $913.71 Million consist of 56.0% current assets and 44.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 51.8% |
| Accounts Receivable | $4.57 Million | 0.9% |
| Inventory | $7.66 Million | 1.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $36.39 Million | 6.9% |
| Goodwill | $12.22 Million | 2.3% |
Asset Composition Trend (2019–2024)
This chart illustrates how Enovix Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see ENVX stock market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Enovix Corp's current assets represent 56.0% of total assets in 2024, a decrease from 63.8% in 2019.
- Cash Position: Cash and equivalents constituted 51.8% of total assets in 2024, down from 61.6% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 8.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 6.9% of total assets.
Enovix Corp Competitors by Total Assets
Key competitors of Enovix Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bloom Energy Corp
NYSE:BE
|
USA | $4.66 Billion |
|
Ecopro BM. Co. Ltd
KQ:247540
|
Korea | ₩4.62 Trillion |
|
Chengdu Xuguang Electronics Co Ltd
SHG:600353
|
China | CN¥3.55 Billion |
|
Ningbo Ronbay New Energy Tech Ltd
SHG:688005
|
China | CN¥23.96 Billion |
|
Beijing Xinleineng Technology Co Ltd
SHE:300593
|
China | CN¥4.32 Billion |
|
Hubei Wanrun New Energy Technology Co. Ltd. A
SHG:688275
|
China | CN¥18.14 Billion |
|
East Group Co Ltd
SHE:300376
|
China | CN¥13.21 Billion |
|
WindSun Science & Technology Co. Ltd. A
SHG:688663
|
China | CN¥3.42 Billion |
Enovix Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 9.72 | 3.77 | 3.04 |
| Quick Ratio | 9.47 | 3.61 | 3.04 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $528.06 Million | $164.53 Million | $22.18 Million |
Enovix Corp - Advanced Valuation Insights
This section examines the relationship between Enovix Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 4.75 |
| Latest Market Cap to Assets Ratio | 2.59 |
| Asset Growth Rate (YoY) | -6.6% |
| Total Assets | $527.17 Million |
| Market Capitalization | $1.37 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Enovix Corp's assets at a significant premium (2.59x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Enovix Corp's assets decreased by 6.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Enovix Corp (2019–2024)
The table below shows the annual total assets of Enovix Corp from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $527.17 Million | -6.58% |
| 2023-12-31 | $564.30 Million | +28.08% |
| 2022-12-31 | $440.59 Million | -8.70% |
| 2021-12-31 | $482.56 Million | +642.82% |
| 2020-12-31 | $64.96 Million | +291.02% |
| 2019-12-31 | $16.61 Million | -- |
About Enovix Corp
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2007 and is headquartered in Fremont, California.