Enovix (Enovix) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2023)

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What is Enovix LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Enovix's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.33.

Enovix's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.33). It may suggest that Enovix is progressively becoming more dependent on debt to grow their business.

Enovix LT-Debt-to-Total-Asset Historical Data

The historical data trend for Enovix's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Enovix LT-Debt-to-Total-Asset Chart

Enovix Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.33

Enovix Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.02	0.02	0.32	0.34	0.33

Enovix LT-Debt-to-Total-Asset Calculation

Enovix's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	184.693	/	564.304
	=	0.33

Enovix's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	184.693	/	564.304
	=	0.33

Enovix (NAS:ENVX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Enovix LT-Debt-to-Total-Asset Related Terms

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Enovix (Enovix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enovix Corp (NAS:ENVX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6Q81:Germany 6Q81:Germany

Address

3501 W. Warren Avenue, Fremont, CA, USA, 94538

Website

https://www.enovix.com

Enovix Corp is engaged in the business of advanced silicon-anode lithium-ion battery development and production. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable the widespread utilization of renewable energy.

Executives

Rajendra K Talluri	director, officer: President and CEO	3501 W. WARREN AVENUE, FREMONT CA 94538
Betsy S Atkins	director
Arthi Chakravarthy	officer: See Remarks	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Farhan Ahmad	officer: Chief Financial Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Bernard Gutmann	director	ON SEMICONDUCTOR C/O V PECORA (M/D A700), 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
Ralph H Schmitt	officer: Chief Commercial Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Thurman J Rodgers	director, 10 percent owner	535 EASTVIEW WAY, WOODSIDE CA 94062
Ashok Lahiri	officer: Chief Technology Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Ajay Marathe	officer: Chief Operating Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Harrold J Rust	director, officer: President and CEO	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Gardner Cameron Dales	officer: Chief Commercial Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Eclipse Fund Iii, L.p.	10 percent owner	514 HIGH STREET, SUITE 4, PALO ALTO CA 94301
Eclipse Gp Iii, Llc	10 percent owner	514 HIGH STREET, SUITE 4, PALO ALTO CA 94301
J Daniel Mccranie	director	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Edward J Hejlek	officer: See Remarks	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538