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
Delaware
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%