Microvast Holdings, Inc. financial data

Symbol
MVST, MVSTW on Nasdaq
Industry
Miscellaneous Electrical Machinery, Equipment & Supplies
Location
12603 Southwest Freeway, Suite 210, Stafford, Texas
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Tuscan Holdings Corp. (to 7/21/2021)
Latest financial report
Q1 2024 - May 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 117 % -48%
Quick Ratio 35.8 % +11%
Debt-to-equity 69.4 %
Return On Equity -18 % +22.3%
Return On Assets -9.79 % +33.2%
Operating Margin -28.9 % +58.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 317M shares +2.52%
Common Stock, Shares, Outstanding 316M shares +2.52%
Entity Public Float 354M USD -24.3%
Common Stock, Value, Issued 32K USD +3.23%
Weighted Average Number of Shares Outstanding, Basic 315M shares +2.49%
Weighted Average Number of Shares Outstanding, Diluted 315M shares +2.49%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 341M USD +58.8%
Revenue from Contract with Customer, Excluding Assessed Tax 81.4M USD +73.2%
Cost of Revenue 271M USD +35.1%
Research and Development Expense 45.6M USD +5.98%
Selling and Marketing Expense 24.2M USD +12.1%
General and Administrative Expense 101M USD +1.87%
Operating Income (Loss) -98.5M USD +33.4%
Nonoperating Income (Expense) -1.64M USD -223%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -102M USD +29.4%
Income Tax Expense (Benefit) 10K USD -69.7%
Net Income (Loss) Attributable to Parent -102M USD +29.5%
Earnings Per Share, Basic -0.32 USD/shares +31.9%
Earnings Per Share, Diluted -0.32 USD/shares +31.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 39.5M USD -80.3%
Accounts Receivable, after Allowance for Credit Loss, Current 124M USD +39%
Inventory, Net 137M USD +56.6%
Assets, Current 378M USD -23.9%
Property, Plant and Equipment, Net 617M USD +39.2%
Operating Lease, Right-of-Use Asset 18.8M USD +1.71%
Intangible Assets, Net (Excluding Goodwill) 2.99M USD -19.1%
Other Assets, Noncurrent 9.95M USD -65.8%
Assets 1.04B USD +3.65%
Accounts Payable, Current 83.1M USD +101%
Accrued Liabilities, Current 79.5M USD +65.4%
Contract with Customer, Liability, Current 41.3M USD -22.2%
Liabilities, Current 367M USD +32%
Operating Lease, Liability, Noncurrent 16.2M USD +2.59%
Other Liabilities, Noncurrent 25.2M USD -19.4%
Liabilities 495M USD +24.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -30.7M USD -93.8%
Retained Earnings (Accumulated Deficit) -922M USD -12.4%
Stockholders' Equity Attributable to Parent 565M USD
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 546M USD -9.85%
Liabilities and Equity 1.04B USD +3.65%

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 +2.51%
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 86.7M USD -66.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 4.37M USD -14.8%
Deferred Tax Assets, Valuation Allowance 76.2M USD +14%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 18.8M USD +2.03%
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 -116M USD +30.5%
Lessee, Operating Lease, Liability, to be Paid 23.8M USD -0.27%
Property, Plant and Equipment, Gross 407M USD +69.3%
Operating Lease, Liability, Current 2.53M USD -1.41%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.54M USD +25.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 2.81M USD +11.2%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) 0 USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 5M USD -8.06%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.4M USD +35.4%
Deferred Tax Assets, Operating Loss Carryforwards 67.6M USD +24.1%
Current Income Tax Expense (Benefit) 10K USD -69.7%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.82M USD +11%
Operating Lease, Payments 869K USD -2.03%
Additional Paid in Capital 1.49B USD +4.11%
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 +69168%
Interest Expense 3.9M USD +30.6%