Microvast Holdings, Inc. (MVST) quarterly balance sheet — complete assets, liabilities & equity history
Microvast Holdings, Inc. (MVST) balance sheet — 8-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 374.92M | 425.82M | 448.72M | 445.26M | 434.59M | 447.99M | 428.03M | 437.57M | 418.05M | 378.15M | 425.61M | 403.91M | 427M | 497.04M | 545.07M | 567.53M | 611.36M | 653.16M | 706.61M | 750.92M |
| Cash & Short-Term Investments | 143.09M | 126.13M | 104.96M | 90.75M | 138.82M | 90.9M | 73.01M | 63.59M | 102.92M | 39.45M | 87.65M | 92.89M | 168.26M | 225.62M | 256.49M | 295.82M | 333.87M | 416.17M | 480.93M | 572.61M |
| Cash Only | 143.09M | 126.13M | 104.96M | 90.75M | 138.82M | 90.9M | 73.01M | 63.59M | 102.92M | 39.45M | 82.02M | 67.4M | 142.77M | 200.31M | 231.42M | 295.82M | 333.87M | 416.17M | 480.93M | 572.61M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.63M | 25.5M | 25.49M | 25.31M | 25.07M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 122.52M | 123.59M | 169.96M | 150.77M | 130.13M | 146.02M | 146.01M | 121.54M | 115.85M | 135.71M | 177.48M | 136.46M | 123.82M | 110.11M | 124.22M | 87.21M | 135.44M | 104.66M | 104.25M | 85.17M |
| Days Sales Outstanding | 128.32 | 217.94 | 153.05 | 104.81 | 137.56 | 112.81 | 108.54 | 107.7 | 136.79 | 175.17 | 138.1 | 149.44 | 142.01 | 224.49 | 150.1 | 265.23 | 169.6 | 256.38 | 130.5 | 212.38 |
| Inventory | 93.59M | 95.04M | 89.41M | 126.94M | 141.75M | 129.06M | 143.33M | 157.77M | 152.51M | 137.33M | 155.55M | 126.91M | 86.76M | 87.67M | 84.25M | 82.26M | 64.46M | 58.08M | 53.42M | 47.82M |
| Days Inventory Outstanding | 139.59 | 200.22 | 104.28 | 160.78 | 206.69 | 166.82 | 192.72 | 210.59 | 233.49 | 207.81 | 159.33 | 157.94 | 125 | 183.7 | 122.42 | 184.29 | 93.59 | 136.89 | 70.97 | 60.45 |
| Other Current Assets | 15.73M | 81.06M | 75.78M | 76.8M | 23.9M | 82.02M | 56.47M | 94.68M | 46.77M | 65.67M | 950K | 47.64M | 48.16M | 73.64M | 70.73M | 83.18M | 63.06M | 54.57M | 55.18M | 39.9M |
| Total Non-Current Assets | 577.27M | 561.67M | 556.73M | 568.34M | 570.1M | 534.94M | 523.84M | 583.43M | 566.51M | 662.5M | 671.13M | 612.65M | 570.68M | 506.94M | 439.89M | 405.4M | 360.28M | 345.55M | 288.69M | 239.43M |
| Property, Plant & Equipment | 543.45M | 526.82M | 525.39M | 542.13M | 540.92M | 503.36M | 495.82M | 546.63M | 539.03M | 635.28M | 640.17M | 569.16M | 518.85M | 461.51M | 351.51M | 301.86M | 295.57M | 289.64M | 253.06M | 222.77M |
| Fixed Asset Turnover | 0.16x | 0.12x | 0.18x | 0.23x | 0.17x | 0.23x | 0.22x | 0.19x | 0.14x | 0.13x | 0.17x | 0.15x | 0.15x | 0.12x | 0.20x | 0.13x | 0.22x | 0.14x | 0.28x | 0.17x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 13.74M | 2.08M | 13.75M | 13.72M | 13.83M | 13.86M | 13.98M | 14.69M | 14.42M | 14.7M | 15.12M | 14.94M | 15.22M | 16.31M | 14.28M | 14.02M | 14.93M | 15.82M | 15.89M | 15.96M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 22K | 11.02M | 1.56M | 2.56M | 6.17M | 0 | 11K | 0 | 465K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 14.65M | 27.35M | 12.15M | 12.49M | 15.35M | 17.72M | 14.02M | 11.09M | 11.49M | -1.76M | 21.64M | 28.55M | 36.61M | 29.12M | 74.11M | 89.52M | 49.79M | 40.1M | 19.74M | 702K |
| Total Assets | 952.19M | 987.5M | 1.01B | 1.01B | 1B | 982.93M | 951.87M | 1.02B | 984.56M | 1.04B | 1.1B | 1.02B | 997.67M | 1B | 984.96M | 972.93M | 971.64M | 998.72M | 995.29M | 990.36M |
| Asset Turnover | 0.09x | 0.06x | 0.10x | 0.12x | 0.09x | 0.12x | 0.11x | 0.10x | 0.08x | 0.08x | 0.10x | 0.08x | 0.07x | 0.05x | 0.07x | 0.04x | 0.07x | 0.04x | 0.07x | 0.06x |
| Asset Growth % | -5.23% | 0.46% | 5.63% | -0.72% | 2.04% | -5.55% | -13.21% | 0.44% | -1.31% | 3.65% | 11.35% | 4.48% | 2.68% | 0.53% | -1.04% | -1.76% | 244.83% | 253.71% | 146.05% | 162.02% |
| Total Current Liabilities | 343.75M | 444.09M | 488.34M | 529.96M | 524.66M | 339.91M | 330.15M | 335.89M | 372.55M | 366.62M | 403.41M | 336.39M | 292.71M | 277.75M | 252.41M | 231.84M | 226.26M | 181.39M | 175.59M | 153.61M |
| Accounts Payable | 62.64M | 46.37M | 47M | 59.8M | 72.5M | 56.77M | 64.94M | 65.59M | 79.89M | 83.07M | 112.62M | 95.29M | 54.32M | 41.24M | 44.98M | 35.97M | 39.58M | 32.01M | 40.41M | 36.56M |
| Days Payables Outstanding | 80.67 | 101.36 | 51.48 | 79.16 | 98.66 | 74.54 | 83.55 | 98.74 | 131.28 | 138.85 | 117.28 | 110.59 | 68.48 | 92.13 | 59.52 | 94.89 | 54.67 | 88.9 | 53.95 | 23.61 |
| Short-Term Debt | 161.12M | 281.56M | 312.3M | 335.06M | 308.47M | 134.14M | 122.42M | 122.49M | 108.42M | 104.39M | 98.77M | 64.15M | 68.23M | 89.65M | 85.84M | 109.1M | 114.67M | 84.01M | 74.25M | 65.98M |
| Deferred Revenue (Current) | 25.86M | 27.53M | 41.47M | 5.68M | 41.54M | 44.2M | 43.68M | 42.95M | 40.81M | 41.28M | 43.09M | 54.48M | 53.06M | 53.06M | 54.21M | 6.59M | 4.56M | 3.6M | 1.53M | 2.34M |
| Other Current Liabilities | 75.04M | 21.16M | 20.29M | 58.5M | 92.38M | 26.22M | 23.77M | 96.54M | 134.8M | 128.74M | 137.78M | 29.11M | 109.23M | 19.08M | 60.07M | 73.75M | 60.7M | 28.24M | 31.56M | 27.16M |
| Current Ratio | 1.09x | 0.96x | 0.92x | 0.84x | 0.83x | 1.32x | 1.30x | 1.30x | 1.12x | 1.03x | 1.06x | 1.20x | 1.46x | 1.79x | 2.16x | 2.45x | 2.70x | 3.60x | 4.02x | 4.89x |
| Quick Ratio | 0.82x | 0.74x | 0.74x | 0.60x | 0.56x | 0.94x | 0.86x | 0.83x | 0.71x | 0.66x | 0.67x | 0.82x | 1.16x | 1.47x | 1.83x | 2.09x | 2.42x | 3.28x | 3.72x | 4.58x |
| Cash Conversion Cycle | 187.25 | 316.8 | 205.85 | 186.42 | 245.58 | 205.09 | 217.72 | 219.55 | 239 | 244.13 | 180.15 | 196.79 | 198.53 | 316.05 | 213 | 354.62 | 208.52 | 304.37 | 147.52 | 249.21 |
| Total Non-Current Liabilities | 65.35M | 77.3M | 106.59M | 125.53M | 123.9M | 188.79M | 233.82M | 175.91M | 127.81M | 127.88M | 129.13M | 112.83M | 125.25M | 120.4M | 119.57M | 125.24M | 91.38M | 159.95M | 133M | 119.96M |
| Long-Term Debt | 14.44M | 27.62M | 54.92M | 76.09M | 75.87M | 143.99M | 188.83M | 120.98M | 90.67M | 86.19M | 86.92M | 74.73M | 74.92M | 73.01M | 72.89M | 81.84M | 43.89M | 73.15M | 73.15M | 73.15M |
| Capital Lease Obligations | 14M | 13.98M | 14.48M | 15.08M | 15.66M | 14.79M | 14.6M | 16.33M | 16.36M | 16.23M | 17.09M | 16.95M | 18M | 15.82M | 14.35M | 13.53M | 14.94M | 16.15M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.1M | 0 | 0 | 0 | 0 | 0 | 0 | -3.01M | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 31.12M | 29.72M | 31.01M | 28.81M | 26.99M | 24.55M | 24.78M | 32.51M | 20.77M | 22.27M | 21.75M | 18.51M | 29.53M | 28.58M | 29.27M | 29.86M | 29.24M | 68.44M | 57.57M | 44.48M |
| Total Liabilities | 409.1M | 521.39M | 594.93M | 655.5M | 648.56M | 528.7M | 563.97M | 511.8M | 506.46M | 494.5M | 532.54M | 449.22M | 417.95M | 398.15M | 371.98M | 357.07M | 317.64M | 341.34M | 308.59M | 273.57M |
| Total Debt | 193.04M | 325.98M | 384.49M | 429.07M | 403.28M | 296.34M | 328.89M | 263.01M | 218.7M | 209.34M | 205.18M | 158.24M | 164.1M | 181.04M | 175M | 206.38M | 175.6M | 175.48M | 147.4M | 139.13M |
| Net Debt | 49.96M | 199.85M | 279.52M | 338.33M | 264.46M | 205.45M | 255.88M | 199.42M | 115.78M | 169.89M | 123.17M | 90.84M | 21.33M | -19.26M | -56.41M | -89.44M | -158.27M | -240.68M | -333.53M | -433.48M |
| Debt / Equity | 0.36x | 0.70x | 0.94x | 1.20x | 1.13x | 0.65x | 0.85x | 0.52x | 0.46x | 0.38x | 0.36x | 0.28x | 0.28x | 0.30x | 0.29x | 0.34x | 0.27x | 0.27x | 0.21x | 0.19x |
| Debt / EBITDA | - | 2202.59x | - | 20.18x | 16.45x | 10.93x | - | 17.64x | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | 1350.37x | - | 15.91x | 10.79x | 7.58x | - | 13.38x | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -8.03x | 40.29x | 9.49x | 0.40x | -83.54x | 53.01x | -65.11x | 4.09x | -47.50x | -13.33x | -19.64x | -52.30x | -52.55x | -63.42x | -38.24x | -46.21x | -48.37x | -53.99x | -59.13x | -92.32x |
| Total Equity | 543.09M | 466.11M | 410.51M | 358.11M | 356.13M | 454.24M | 387.89M | 509.2M | 478.1M | 546.15M | 564.19M | 567.34M | 579.72M | 605.83M | 612.98M | 615.86M | 654M | 657.38M | 686.7M | 716.78M |
| Equity Growth % | 52.5% | 2.61% | 5.83% | -29.67% | -25.51% | -16.83% | -31.25% | -10.25% | -17.53% | -9.85% | -7.96% | -7.88% | -11.36% | -7.84% | -10.74% | -14.08% | 137.73% | 137.07% | 333.74% | 2090.86% |
| Book Value per Share | 1.56 | 1.21 | 1.22 | 1.11 | 1.10 | 1.21 | 1.20 | 1.39 | 1.52 | 1.73 | 1.79 | 1.81 | 1.88 | 1.97 | 1.99 | 2.01 | 2.18 | 2.20 | 2.30 | 2.94 |
| Total Shareholders' Equity | 543.09M | 466.11M | 410.51M | 358.11M | 356.13M | 454.24M | 387.89M | 509.2M | 478.1M | 546.15M | 564.19M | 565.35M | 577.67M | 603.68M | 612.98M | 615.86M | 654M | 657.38M | 686.7M | 716.78M |
| Common Stock | 39K | 34K | 34K | 33K | 33K | 33K | 33K | 33K | 32K | 32K | 32K | 32K | 31K | 31K | 31K | 31K | 30K | 30K | 30K | 30K |
| Retained Earnings | -1.09B | -1.07B | -1.12B | -1.14B | -1.14B | -1.03B | -1.09B | -987.52M | -1B | -922.33M | -897.5M | -872.97M | -846.84M | -820.75M | -791.16M | -757.47M | -720.92M | -676.74M | -632.1M | -585.46M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.81M | -4.77M | -11.14M | -18.49M | -21.21M | -28.32M | -32.16M | -15.72M | -27.19M | -24.7M | -19.58M | -29.89M | -27.71M | -15.86M | -12.05M | -24.88M | -3.88M | 13.72M | 12.73M | 11.02M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.99M | 2.04M | 2.15M | 0 | 0 | 0 | 0 | 0 | 0 |