Microvast Holdings (MVST) Debt Ratio (2020 - 2026)
Microvast Holdings (MVST) posted Debt Ratio of 0.23 for Q2 2026, down 7.56% on a QoQ basis from 0.25 in Q1 2026, and down 23.24% year-over-year from 0.3 in Q2 2025.
Analysis
Microvast Holdings (MVST) Debt Ratio (2020 - 2026) Analysis & Trends
Microvast Holdings has reported Debt Ratio for 7 years, with the latest figure at 0.23 in Q2 2026.
- On a quarterly basis, Debt Ratio fell 23.24% year-over-year to 0.23 in Q2 2026; TTM through Jun 2026 was 0.23, a 23.24% decrease from a year earlier, with the FY2025 full-year figure at 0.26, up 33.9% from the prior year.
- Debt Ratio was 0.23 for Q2 2026 at Microvast Holdings, down from 0.25 in the prior quarter.
- The five-year high for Debt Ratio was 0.32 in Q3 2025, with the low at 0.11 in Q3 2023.
- Average Debt Ratio over 5 years is 0.18, with a median of 0.16 recorded in 2022.
- The sharpest annual moves came in 2022 and 2026: Debt Ratio soared 4107.54% in 2022, then fell 23.24% in 2026.
- Over 5 years, Debt Ratio stood at 0.13 in 2022, then slipped by 1.33% to 0.13 in 2023, then surged by 49.14% to 0.19 in 2024, then surged by 33.9% to 0.26 in 2025, then dropped by 9.82% to 0.23 in 2026.
- The last three Debt Ratio figures came in at 0.23 (Q2 2026), 0.25 (Q1 2026), and 0.26 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 0.27 |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 0.50 |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | - |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 0.92 |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 0.67 |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | - |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 0.32 |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 0.23 |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 0.04 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.23 |
| Mar 31, 2026 | 0.25 |
| Dec 31, 2025 | 0.26 |
| Sep 30, 2025 | 0.32 |
| Jun 30, 2025 | 0.30 |
| Mar 31, 2025 | 0.22 |
| Dec 31, 2024 | 0.19 |
| Sep 30, 2024 | 0.19 |
| Jun 30, 2024 | 0.17 |
| 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 |
| Sep 30, 2021 | 0.07 |