Microvast Holdings (MVST) Debt Ratio (2018 - 2026)
Microvast Holdings' (MVST) Debt Ratio was 0.51 for Q3 2026, up 27.0% from 0.40 a year earlier and up 131.3% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Debt Ratio (2018 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Microvast Holdings was 0.37, up 206.7% from FY2024.
- By year, Debt Ratio came in at 0.12 in FY2024 (-8.0%), 0.13 in FY2023 (-1.3%), 0.13 in FY2022 (-11.1%) and 0.15 in FY2021 (-44.8%).
- The Q3 2026 figure ranks as the highest quarterly Debt Ratio since Q4 2018.
- Year over year, Debt Ratio gained in six of the last eight quarters, with growth averaging 88.2%.
- The high point for year-over-year Debt Ratio in five years was Q2 2025 (growth of 210.4%); the low point was Q4 2021 (a decline of 44.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.22 (Q2 2026), 0.33 (Q1 2026) and 0.37 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 0.03 |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 0.00 |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 0.01 |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 0.43 |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 0.22 |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 0.42 |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 0.22 |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.13 |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | 0.51 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.51 |
| Jun 30, 2026 | 0.22 |
| Mar 31, 2026 | 0.33 |
| Dec 31, 2025 | 0.37 |
| Sep 30, 2025 | 0.40 |
| Jun 30, 2025 | 0.39 |
| Mar 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.12 |
| Sep 30, 2024 | 0.13 |
| Jun 30, 2024 | 0.12 |
| Mar 31, 2024 | 0.14 |
| Dec 31, 2023 | 0.13 |
| Sep 30, 2023 | 0.11 |
| Jun 30, 2023 | 0.11 |
| Mar 31, 2023 | 0.13 |
| Dec 31, 2022 | 0.13 |
| Sep 30, 2022 | 0.13 |
| Jun 30, 2022 | 0.13 |
| Mar 31, 2022 | 0.16 |
| Dec 31, 2021 | 0.15 |
API Access
Microvast Holdings Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "MVST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();