Microvast Holdings, Inc. financial data

Symbol
MVST, MVSTW on Nasdaq
Location
12603 Southwest Freeway, Suite 210, Stafford, TX
State of incorporation
DE
Fiscal year end
December 31
Former names
Tuscan Holdings Corp. (to 7/21/2021)
Latest financial report
10-Q - Q2 2024 - Aug 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 110 % -43.1%
Quick Ratio 38.3 % +18.5%
Debt-to-equity 69.4 %
Return On Equity -28.6 % -36.9%
Return On Assets -14.9 % -17%
Operating Margin -42.1 % +26.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 324M shares +2.37%
Common Stock, Shares, Outstanding 316M shares +2.46%
Entity Public Float 354M USD -24.3%
Common Stock, Value, Issued 32K USD +3.23%
Weighted Average Number of Shares Outstanding, Basic 316M shares +2.52%
Weighted Average Number of Shares Outstanding, Diluted 316M shares +2.52%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 350M USD +55.2%
Revenue from Contract with Customer, Excluding Assessed Tax 83.7M USD +11.6%
Cost of Revenue 264M USD +29.1%
Research and Development Expense 46.2M USD +9.24%
Selling and Marketing Expense 23.3M USD +7.65%
General and Administrative Expense 101M USD +14.4%
Operating Income (Loss) -147M USD -13.4%
Nonoperating Income (Expense) -794K USD -173%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -154M USD -22.4%
Income Tax Expense (Benefit) 10K USD -69.7%
Net Income (Loss) Attributable to Parent -154M USD -22.3%
Earnings Per Share, Basic -0.49 USD/shares -22.5%
Earnings Per Share, Diluted -0.49 USD/shares -22.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 68.2M USD -52.2%
Accounts Receivable, after Allowance for Credit Loss, Current 105M USD -1.05%
Inventory, Net 153M USD +75.8%
Assets, Current 418M USD -2.1%
Property, Plant and Equipment, Net 519M USD +4.34%
Operating Lease, Right-of-Use Asset 19.6M USD -6.67%
Intangible Assets, Net (Excluding Goodwill) 2.85M USD -14.6%
Other Assets, Noncurrent 11.5M USD -68.6%
Assets 985M USD -1.31%
Accounts Payable, Current 79.9M USD +47.1%
Accrued Liabilities, Current 79.5M USD +65.4%
Contract with Customer, Liability, Current 40.8M USD -23.1%
Liabilities, Current 373M USD +27.3%
Operating Lease, Liability, Noncurrent 16.4M USD -9.11%
Other Liabilities, Noncurrent 26.7M USD -16.8%
Liabilities 506M USD +21.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -33.2M USD +1.54%
Retained Earnings (Accumulated Deficit) -1B USD -18.2%
Stockholders' Equity Attributable to Parent 565M USD
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 478M USD -17.5%
Liabilities and Equity 985M USD -1.31%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 2.03M USD
Net Cash Provided by (Used in) Financing Activities 6.26M USD +42.8%
Net Cash Provided by (Used in) Investing Activities -4.53M USD +87.4%
Common Stock, Shares Authorized 750M shares 0%
Common Stock, Shares, Issued 317M shares +2.45%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.49M USD +96.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 104M USD -38.7%
Deferred Tax Assets, Valuation Allowance 76.2M USD +14%
Operating Lease, Liability 19.6M USD -6.41%
Depreciation 5.31M USD +13.3%
Payments to Acquire Property, Plant, and Equipment 10.2M USD -71.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -153M USD -2.45%
Lessee, Operating Lease, Liability, to be Paid 24.4M USD -8.32%
Property, Plant and Equipment, Gross 407M USD +69.3%
Operating Lease, Liability, Current 3.24M USD +10.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.82M USD +0.89%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.66M USD +11.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 4.82M USD -15.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.38M USD -6.36%
Deferred Tax Assets, Operating Loss Carryforwards 67.6M USD +24.1%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.81M USD -25.2%
Operating Lease, Payments 869K USD -2.03%
Additional Paid in Capital 1.51B USD +3.71%
Amortization of Intangible Assets 121K USD -6.2%
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Share-based Payment Arrangement, Expense 16.8M USD
Interest Expense 3.9M USD +30.6%