Enovix Corp Working Capital to Net Assets Ratio
Enovix Corp working capital to net assets ratio. Enovix Corp (ENVX) has a Working Capital to Net Assets ratio of 177.7% as of September 2025. Working capital of $528.06 Million (current assets of $588.63 Million minus current liabilities of $60.57 Million) is measured against net assets of $297.10 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Enovix Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Enovix Corp (2019–2024)
Working capital to net assets ratio of Enovix Corp from 2019 to 2024. This chart shows how Enovix Corp's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 177.7%, reflecting working capital of $528.06 Million against net assets of $297.10 Million USD. See Enovix Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Enovix Corp Working Capital to Net Assets Ratio by Year (2019–2024)
Enovix Corp working capital to net assets ratio by year from 2019 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Enovix Corp from 2019 to 2024, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Enovix Corp balance sheet assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 96.8% | $241.31 Million | $249.40 Million | $295.01 Million | $53.70 Million | ▼ -3.7 pp |
| 2023 | 100.4% | $262.16 Million | $261.10 Million | $323.18 Million | $61.02 Million | ▲ +14.4 pp |
| 2022 | 86.0% | $306.62 Million | $356.43 Million | $329.65 Million | $23.03 Million | ▼ -29.7 pp |
| 2021 | 115.8% | $377.49 Million | $326.12 Million | $398.12 Million | $20.64 Million | ▲ +54.5 pp |
| 2020 | 61.2% | $22.18 Million | $36.22 Million | $33.04 Million | $10.87 Million | ▼ -196.8 pp |
| 2019 | 258.1% | $9.57 Million | $3.71 Million | $10.60 Million | $1.03 Million | — |