Microvast Holdings, Inc. financial data

Symbol
MVST, MVSTW on Nasdaq
Industry
Miscellaneous Electrical Machinery, Equipment & Supplies
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 - Q3 2024 - Nov 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 112 % -30.5%
Quick Ratio 40.4 % +21.5%
Debt-to-equity 69.4 %
Return On Equity -21.8 % -11.9%
Return On Assets -11.1 % +4.16%
Operating Margin -30.7 % +31.3%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 324M shares +2.3%
Common Stock, Shares, Outstanding 322M shares +2.31%
Entity Public Float 354M USD -24.3%
Common Stock, Value, Issued 33K USD +3.13%
Weighted Average Number of Shares Outstanding, Basic 321M shares +2.38%
Weighted Average Number of Shares Outstanding, Diluted 367M shares +17.2%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 371M USD +39%
Revenue from Contract with Customer, Excluding Assessed Tax 101M USD +26.6%
Cost of Revenue 270M USD +17.2%
Research and Development Expense 43.7M USD -0.95%
Selling and Marketing Expense 22.3M USD +0.54%
General and Administrative Expense 87.6M USD -3.17%
Operating Income (Loss) -114M USD +4.5%
Nonoperating Income (Expense) 6.48M USD +654%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -115M USD +0.77%
Income Tax Expense (Benefit) 10K USD -69.7%
Net Income (Loss) Attributable to Parent -115M USD +0.82%
Earnings Per Share, Basic -0.37 USD/shares -2.78%
Earnings Per Share, Diluted -0.38 USD/shares -5.56%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 63.6M USD -5.66%
Accounts Receivable, after Allowance for Credit Loss, Current 122M USD +4.51%
Inventory, Net 158M USD +24.3%
Assets, Current 438M USD +8.33%
Property, Plant and Equipment, Net 527M USD -4.07%
Operating Lease, Right-of-Use Asset 19.5M USD -0.73%
Intangible Assets, Net (Excluding Goodwill) 2.79M USD -13.1%
Other Assets, Noncurrent 11.1M USD -61.1%
Assets 1.02B USD +0.44%
Accounts Payable, Current 65.6M USD -31.2%
Accrued Liabilities, Current 79.5M USD +65.4%
Contract with Customer, Liability, Current 43M USD -21.2%
Liabilities, Current 336M USD -0.15%
Operating Lease, Liability, Noncurrent 16.3M USD -3.69%
Other Liabilities, Noncurrent 38.5M USD +84.9%
Liabilities 512M USD +13.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax -21.8M USD +39.5%
Retained Earnings (Accumulated Deficit) -988M USD -13.1%
Stockholders' Equity Attributable to Parent 565M USD
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 509M USD -10.2%
Liabilities and Equity 1.02B USD +0.44%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -5.43M USD +81.5%
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 324M shares +2.3%
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 115M USD +28.9%
Deferred Tax Assets, Valuation Allowance 76.2M USD +14%
Operating Lease, Liability 19.5M USD +0.9%
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 -100M USD +16.7%
Lessee, Operating Lease, Liability, to be Paid 24.3M USD -1.88%
Property, Plant and Equipment, Gross 407M USD +69.3%
Operating Lease, Liability, Current 3.21M USD +33.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.92M USD +6.31%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.78M USD +17.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 4.74M USD -11.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.46M USD -1.48%
Deferred Tax Assets, Operating Loss Carryforwards 67.6M USD +24.1%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.87M USD -20.8%
Operating Lease, Payments 869K USD -2.03%
Additional Paid in Capital 1.51B USD +3.01%
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%