Microvast Holdings annual net debt
2020
2021
2022
2023
2024
2025
Microvast Holdings Net Debt Growth & History (MVST)
Microvast Holdings's net debt was $18.6M for fiscal 2025.
View full Microvast Holdings company overviewMicrovast Holdings annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $18.6M | −$37.8M | −67.03% |
| 2024 | 2024-12-31 | $56.4M | $2.2M | +4.15% |
| 2023 | 2023-12-31 | $54.1M | $222.9M | — |
| 2022 | 2022-12-31 | −$168.7M | $298.9M | — |
| 2021 | 2021-12-31 | −$467.6M | −$458.3M | — |
| 2020 | 2020-12-31 | −$9.3M | — | — |
Microvast Holdings quarterly net debt
Q4.20
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $8.3M | −$28.3M | −77.37% |
| Q1 2026 | 2026-03-31 | $29.4M | −$25.4M | −46.33% |
| Q4 2025 | 2025-12-31 | $18.6M | −$37.8M | −67.03% |
| Q3 2025 | 2025-09-30 | $46.0M | −$29.6M | −39.15% |
| Q2 2025 | 2025-06-30 | $36.6M | −$9.1M | −19.93% |
| Q1 2025 | 2025-03-31 | $54.9M | −$8.5M | −13.44% |
| Q4 2024 | 2024-12-31 | $56.4M | $2.2M | +4.15% |
| Q3 2024 | 2024-09-30 | $75.5M | $67.9M | +890.54% |
| Q2 2024 | 2024-06-30 | $45.7M | $118.3M | — |
| Q1 2024 | 2024-03-31 | $63.4M | $194.3M | — |
| Q4 2023 | 2023-12-31 | $54.1M | $222.9M | — |
| Q3 2023 | 2023-09-30 | $7.6M | $243.0M | — |
| Q2 2023 | 2023-06-30 | −$72.7M | $235.3M | — |
| Q1 2023 | 2023-03-31 | −$131.0M | $253.6M | — |
| Q4 2022 | 2022-12-31 | −$168.7M | $298.9M | — |
| Q3 2022 | 2022-09-30 | −$235.4M | $314.4M | — |
| Q2 2022 | 2022-06-30 | −$308.0M | — | — |
| Q1 2022 | 2022-03-31 | −$384.5M | — | — |
| Q4 2021 | 2021-12-31 | −$467.6M | −$458.3M | — |
| Q3 2021 | 2021-09-30 | −$549.8M | — | — |
| Q4 2020 | 2020-12-31 | −$9.3M | — | — |
Microvast Holdings net debt trends
Over the last five fiscal years, Microvast Holdings's net debt increased from −$9.3M to $18.6M, a change of $27.9M. The latest reported quarter, Q2 2026, shows $8.3M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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