Enovix (ENVX) Debt Ratio (2023 - 2026)

Enovix (ENVX) reported Debt Ratio of 0.64 for Q2 2026, up 76.5% on a YoY basis from 0.36 in Q2 2025, and up 5.49% quarter-over-quarter from 0.6 in Q4 2025.

Enovix (ENVX) Debt Ratio (2023 - 2026) Analysis & Trends

Enovix has reported Debt Ratio for 4 years, with the latest figure at 0.64 in Q2 2026.

  • For the quarter ending Q2 2026, Debt Ratio rose 76.5% year-over-year to 0.64; the trailing twelve-month figure through Apr 2026 stood at 0.64 (up 76.5% YoY), and the FY2025 full-year result was 0.6, up 77.02% from the prior year.
  • Debt Ratio for Q2 2026 stood at 0.64, up from 0.6 in the prior quarter.
  • The five-year high for Debt Ratio was 0.64 in Q2 2026, with the low at 0.31 in Q3 2023.
  • Historically, Debt Ratio has averaged 0.41 across 4 years, with a median of 0.36 in 2024.
  • The largest YoY upside for Debt Ratio was 77.02% in 2025 against a maximum downside of 3.58% in 2025.
  • Enovix's Debt Ratio stood at 0.31 in 2023, then increased by 9.65% to 0.34 in 2024, then jumped by 77.02% to 0.6 in 2025, then gained by 5.49% to 0.64 in 2026.
  • The last three Debt Ratio figures came in at 0.64 (Q2 2026), 0.6 (Q4 2025), and 0.58 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 0.33
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 0.22
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn -
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 0.22
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 0.31
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 0.22
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn -
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 0.15
10 Enovix 1.46 Bn 1.46 Bn 1.55 Mn 0.64

Historic Data

Download Data
DateValue
Apr 5, 2026 0.64
Dec 28, 2025 0.60
Sep 28, 2025 0.58
Jun 29, 2025 0.38
Mar 30, 2025 0.36
Dec 29, 2024 0.34
Sep 29, 2024 0.40
Jun 30, 2024 0.37
Mar 31, 2024 0.35
Dec 31, 2023 0.31
Oct 1, 2023 0.32
Jul 2, 2023 0.31