Enovix Deferred Long Term Liab vs Retained Earnings Analysis

ENVX Stock

USD 9.23 0.01 0.11%

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 Deferred Long Term Liab and its Retained Earnings 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.

Deferred Long Term Liab vs Retained Earnings

Deferred Long Term Liab vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enovix Corp Deferred Long Term Liab account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Enovix Corp's Deferred Long Term Liab and Retained Earnings is 0.8. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Retained Earnings 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 Deferred Long Term Liab and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Enovix Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Deferred Long Term Liab i.e., Enovix Corp's Deferred Long Term Liab and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 Expenses	67.6M	110.0M	115.0M	86.0M
Cost Of Revenue	2.0M	23.2M	43.3M	45.5M

Total Operating Expenses Cost Of Revenue

Enovix Corp fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Other Current Assets	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab
Other Current Liab		0.38	0.12	0.47	-0.47	0.42	-0.09	0.31	-0.33	0.44	-0.3	0.55	0.48	0.55	0.56	-0.79	-0.32	0.43	0.5	0.34	0.45	0.24	0.61	0.26	0.56	0.29
Total Current Liabilities	0.38		0.63	0.9	-0.99	0.99	-0.11	0.72	-0.77	0.76	-0.74	0.81	0.86	0.76	0.92	-0.19	-0.21	0.72	0.91	0.92	0.79	0.94	0.42	0.89	0.88	0.9
Other Liab	0.12	0.63		0.84	-0.69	0.52	0.04	0.98	-0.79	0.94	-0.77	0.82	0.88	0.89	0.69	-0.2	-0.82	0.94	0.62	0.75	0.93	0.41	-0.39	0.76	0.82	0.73
Net Tangible Assets	0.47	0.9	0.84		-0.94	0.85	-0.18	0.92	-0.91	0.95	-0.9	0.95	0.97	0.95	0.91	-0.41	-0.6	0.93	0.86	0.89	0.96	0.72	0.16	0.85	0.97	0.85
Retained Earnings	-0.47	-0.99	-0.69	-0.94		-0.97	0.08	-0.78	0.8	-0.83	0.77	-0.88	-0.92	-0.83	-0.96	0.27	0.32	-0.79	-0.94	-0.95	-0.85	-0.9	-0.38	-0.91	-0.94	-0.92
Accounts Payable	0.42	0.99	0.52	0.85	-0.97		-0.08	0.62	-0.68	0.68	-0.66	0.75	0.81	0.69	0.9	-0.18	-0.1	0.64	0.9	0.89	0.71	0.97	0.53	0.85	0.84	0.87
Other Assets	-0.09	-0.11	0.04	-0.18	0.08	-0.08		-0.02	0.5	-0.02	0.56	-0.19	0.01	-0.03	-0.02	0.26	0.0	0.01	-0.01	0.06	0.02	0.03	-0.23	0.09	-0.02	0.07
Other Current Assets	0.31	0.72	0.98	0.92	-0.78	0.62	-0.02		-0.86	0.99	-0.83	0.91	0.95	0.96	0.8	-0.32	-0.81	0.98	0.73	0.81	0.98	0.49	-0.21	0.81	0.91	0.79
Deferred Long Term Liab	-0.33	-0.77	-0.79	-0.91	0.8	-0.68	0.5	-0.86		-0.86	0.99	-0.91	-0.85	-0.83	-0.79	0.33	0.59	-0.82	-0.74	-0.77	-0.84	-0.54	-0.06	-0.75	-0.84	-0.74
Total Current Assets	0.44	0.76	0.94	0.95	-0.83	0.68	-0.02	0.99	-0.86		-0.82	0.95	0.98	0.98	0.86	-0.39	-0.78	0.98	0.8	0.85	1.0	0.53	-0.08	0.84	0.96	0.82
Common Stock	-0.3	-0.74	-0.77	-0.9	0.77	-0.66	0.56	-0.83	0.99	-0.82		-0.87	-0.8	-0.81	-0.73	0.36	0.58	-0.8	-0.68	-0.71	-0.81	-0.51	-0.05	-0.69	-0.8	-0.68
Property Plant Equipment	0.55	0.81	0.82	0.95	-0.88	0.75	-0.19	0.91	-0.91	0.95	-0.87		0.97	0.93	0.94	-0.38	-0.65	0.9	0.89	0.89	0.94	0.6	0.14	0.87	0.97	0.87
Total Assets	0.48	0.86	0.88	0.97	-0.92	0.81	0.01	0.95	-0.85	0.98	-0.8	0.97		0.96	0.94	-0.33	-0.64	0.95	0.9	0.93	0.98	0.69	0.08	0.91	0.99	0.91
Total Stockholder Equity	0.55	0.76	0.89	0.95	-0.83	0.69	-0.03	0.96	-0.83	0.98	-0.81	0.93	0.96		0.84	-0.54	-0.79	0.99	0.76	0.8	0.99	0.52	0.01	0.77	0.96	0.76
Property Plant And Equipment Net	0.56	0.92	0.69	0.91	-0.96	0.9	-0.02	0.8	-0.79	0.86	-0.73	0.94	0.94	0.84		-0.24	-0.39	0.79	0.99	0.97	0.86	0.81	0.35	0.94	0.96	0.95
Current Deferred Revenue	-0.79	-0.19	-0.2	-0.41	0.27	-0.18	0.26	-0.32	0.33	-0.39	0.36	-0.38	-0.33	-0.54	-0.24		0.53	-0.47	-0.12	-0.04	-0.41	0.03	-0.29	0.05	-0.39	0.04
Net Debt	-0.32	-0.21	-0.82	-0.6	0.32	-0.1	0.0	-0.81	0.59	-0.78	0.58	-0.65	-0.64	-0.79	-0.39	0.53		-0.83	-0.28	-0.36	-0.76	0.09	0.49	-0.35	-0.6	-0.32
Cash	0.43	0.72	0.94	0.93	-0.79	0.64	0.01	0.98	-0.82	0.98	-0.8	0.9	0.95	0.99	0.79	-0.47	-0.83		0.71	0.78	0.99	0.48	-0.13	0.76	0.92	0.74
Non Current Assets Total	0.5	0.91	0.62	0.86	-0.94	0.9	-0.01	0.73	-0.74	0.8	-0.68	0.89	0.9	0.76	0.99	-0.12	-0.28	0.71		0.97	0.79	0.84	0.39	0.95	0.92	0.97
Non Currrent Assets Other	0.34	0.92	0.75	0.89	-0.95	0.89	0.06	0.81	-0.77	0.85	-0.71	0.89	0.93	0.8	0.97	-0.04	-0.36	0.78	0.97		0.85	0.84	0.21	1.0	0.93	1.0
Cash And Short Term Investments	0.45	0.79	0.93	0.96	-0.85	0.71	0.02	0.98	-0.84	1.0	-0.81	0.94	0.98	0.99	0.86	-0.41	-0.76	0.99	0.79	0.85		0.57	-0.05	0.83	0.96	0.82
Net Receivables	0.24	0.94	0.41	0.72	-0.9	0.97	0.03	0.49	-0.54	0.53	-0.51	0.6	0.69	0.52	0.81	0.03	0.09	0.48	0.84	0.84	0.57		0.52	0.82	0.71	0.83
Common Stock Shares Outstanding	0.61	0.42	-0.39	0.16	-0.38	0.53	-0.23	-0.21	-0.06	-0.08	-0.05	0.14	0.08	0.01	0.35	-0.29	0.49	-0.13	0.39	0.21	-0.05	0.52		0.14	0.19	0.18
Non Current Liabilities Total	0.26	0.89	0.76	0.85	-0.91	0.85	0.09	0.81	-0.75	0.84	-0.69	0.87	0.91	0.77	0.94	0.05	-0.35	0.76	0.95	1.0	0.83	0.82	0.14		0.9	1.0
Other Stockholder Equity	0.56	0.88	0.82	0.97	-0.94	0.84	-0.02	0.91	-0.84	0.96	-0.8	0.97	0.99	0.96	0.96	-0.39	-0.6	0.92	0.92	0.93	0.96	0.71	0.19	0.9		0.9
Total Liab	0.29	0.9	0.73	0.85	-0.92	0.87	0.07	0.79	-0.74	0.82	-0.68	0.87	0.91	0.76	0.95	0.04	-0.32	0.74	0.97	1.0	0.82	0.83	0.18	1.0	0.9

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Enovix Deferred Long Term Liab vs Retained Earnings Analysis

Deferred Long Term Liab vs Retained Earnings

Deferred Long Term Liab vs Retained Earnings Correlation Analysis

Correlation Coefficient

Deferred Long Term Liab

Retained Earnings

Enovix Corp fundamental ratios Correlations

Enovix Corp Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Total Current Assets
Non Current Liabilities Total	+ 1.0	Non Currrent Assets Other
Total Liab	+ 1.0	Non Currrent Assets Other
Total Liab	+ 1.0	Non Current Liabilities Total
Accounts Payable	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Other Current Assets

Retained Earnings	- 0.99	Total Current Liabilities
Accounts Payable	- 0.97	Retained Earnings
Property Plant And Equipment Net	- 0.96	Retained Earnings
Non Currrent Assets Other	- 0.95	Retained Earnings
Other Stockholder Equity	- 0.94	Retained Earnings
Non Current Assets Total	- 0.94	Retained Earnings