Enovix Long Term Debt vs Deferred Long Term Liab Analysis

ENVX Stock  USD 10.07  0.18  1.82%   
Enovix Corp financial indicator trend analysis is much more than just examining Enovix Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enovix Corp is a good investment. Please check the relationship between Enovix Corp Long Term Debt and its Deferred Long Term Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enovix Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.

Long Term Debt vs Deferred Long Term Liab

Long Term Debt vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enovix Corp Long Term Debt account and Deferred Long Term Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Enovix Corp's Long Term Debt and Deferred Long Term Liab is 0.46. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Enovix Corp, assuming nothing else is changed. The correlation between historical values of Enovix Corp's Long Term Debt and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Enovix Corp are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Long Term Debt i.e., Enovix Corp's Long Term Debt and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.46
Relationship DirectionPositive 
Relationship StrengthWeak

Long Term Debt

Long-term debt is a debt that Enovix Corp has held for over one year. Long-term debt appears on Enovix Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Enovix Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Enovix Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enovix Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enovix Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.Enterprise Value is likely to rise to about 2.2 B in 2024, whereas Selling General Administrative is likely to drop slightly above 45.1 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses67.6M110.0M115.0M86.0M
Cost Of Revenue2.0M23.2M43.3M45.5M

Enovix Corp fundamental ratios Correlations

0.380.120.47-0.470.42-0.090.31-0.330.44-0.30.550.480.550.56-0.79-0.320.430.50.340.450.240.610.260.560.29
0.380.630.9-0.990.99-0.110.72-0.770.76-0.740.810.860.760.92-0.19-0.210.720.910.920.790.940.420.890.880.9
0.120.630.84-0.690.520.040.98-0.790.94-0.770.820.880.890.69-0.2-0.820.940.620.750.930.41-0.390.760.820.73
0.470.90.84-0.940.85-0.180.92-0.910.95-0.90.950.970.950.91-0.41-0.60.930.860.890.960.720.160.850.970.85
-0.47-0.99-0.69-0.94-0.970.08-0.780.8-0.830.77-0.88-0.92-0.83-0.960.270.32-0.79-0.94-0.95-0.85-0.9-0.38-0.91-0.94-0.92
0.420.990.520.85-0.97-0.080.62-0.680.68-0.660.750.810.690.9-0.18-0.10.640.90.890.710.970.530.850.840.87
-0.09-0.110.04-0.180.08-0.08-0.020.5-0.020.56-0.190.01-0.03-0.020.260.00.01-0.010.060.020.03-0.230.09-0.020.07
0.310.720.980.92-0.780.62-0.02-0.860.99-0.830.910.950.960.8-0.32-0.810.980.730.810.980.49-0.210.810.910.79
-0.33-0.77-0.79-0.910.8-0.680.5-0.86-0.860.99-0.91-0.85-0.83-0.790.330.59-0.82-0.74-0.77-0.84-0.54-0.06-0.75-0.84-0.74
0.440.760.940.95-0.830.68-0.020.99-0.86-0.820.950.980.980.86-0.39-0.780.980.80.851.00.53-0.080.840.960.82
-0.3-0.74-0.77-0.90.77-0.660.56-0.830.99-0.82-0.87-0.8-0.81-0.730.360.58-0.8-0.68-0.71-0.81-0.51-0.05-0.69-0.8-0.68
0.550.810.820.95-0.880.75-0.190.91-0.910.95-0.870.970.930.94-0.38-0.650.90.890.890.940.60.140.870.970.87
0.480.860.880.97-0.920.810.010.95-0.850.98-0.80.970.960.94-0.33-0.640.950.90.930.980.690.080.910.990.91
0.550.760.890.95-0.830.69-0.030.96-0.830.98-0.810.930.960.84-0.54-0.790.990.760.80.990.520.010.770.960.76
0.560.920.690.91-0.960.9-0.020.8-0.790.86-0.730.940.940.84-0.24-0.390.790.990.970.860.810.350.940.960.95
-0.79-0.19-0.2-0.410.27-0.180.26-0.320.33-0.390.36-0.38-0.33-0.54-0.240.53-0.47-0.12-0.04-0.410.03-0.290.05-0.390.04
-0.32-0.21-0.82-0.60.32-0.10.0-0.810.59-0.780.58-0.65-0.64-0.79-0.390.53-0.83-0.28-0.36-0.760.090.49-0.35-0.6-0.32
0.430.720.940.93-0.790.640.010.98-0.820.98-0.80.90.950.990.79-0.47-0.830.710.780.990.48-0.130.760.920.74
0.50.910.620.86-0.940.9-0.010.73-0.740.8-0.680.890.90.760.99-0.12-0.280.710.970.790.840.390.950.920.97
0.340.920.750.89-0.950.890.060.81-0.770.85-0.710.890.930.80.97-0.04-0.360.780.970.850.840.211.00.931.0
0.450.790.930.96-0.850.710.020.98-0.841.0-0.810.940.980.990.86-0.41-0.760.990.790.850.57-0.050.830.960.82
0.240.940.410.72-0.90.970.030.49-0.540.53-0.510.60.690.520.810.030.090.480.840.840.570.520.820.710.83
0.610.42-0.390.16-0.380.53-0.23-0.21-0.06-0.08-0.050.140.080.010.35-0.290.49-0.130.390.21-0.050.520.140.190.18
0.260.890.760.85-0.910.850.090.81-0.750.84-0.690.870.910.770.940.05-0.350.760.951.00.830.820.140.91.0
0.560.880.820.97-0.940.84-0.020.91-0.840.96-0.80.970.990.960.96-0.39-0.60.920.920.930.960.710.190.90.9
0.290.90.730.85-0.920.870.070.79-0.740.82-0.680.870.910.760.950.04-0.320.740.971.00.820.830.181.00.9
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Enovix Corp Account Relationship Matchups

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