Microvast Holdings (MVST) Non-Current Debt (2020 - 2026)
Microvast Holdings (MVST) reported Non-Current Debt of $14.44 million for Q2 2026, down 65.4% from $41.69 million a year earlier and down 47.7% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Non-Current Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, Microvast Holdings posted Non-Current Debt of $41.69 million, down 3.4% from FY2024.
- Non-Current Debt has declined for four consecutive years, though with a five-year compound annual growth rate of 190.9% (FY2020 to FY2025).
- By year, Non-Current Debt came in at $43.16 million in FY2024 (-1.4%), $43.76 million in FY2023 (-0.3%), $43.89 million in FY2022 (-40.0%) and $73.15 million in FY2021.
- The Q2 2026 figure ranks as the lowest quarterly Non-Current Debt since Q2 2021.
- Year over year, Non-Current Debt has now declined in each of the last seven quarters, with an average decline of 13.9% over the last eight quarters.
- The high point for year-over-year Non-Current Debt in five years was Q3 2024 (growth of 21.7%); the low point was Q2 2026 (a decline of 65.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $27.62 million (Q1 2026), $41.69 million (Q4 2025) and $41.69 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 2.79 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 2.58 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | - |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 2.02 Bn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 1.25 Bn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 1.01 Bn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 572.84 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 443.70 Mn |
| 10 | Microvast Holdings | 246.10 Mn | -203.57 Mn | 25.78 Mn | 14.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.44 Mn |
| Mar 31, 2026 | 27.62 Mn |
| Dec 31, 2025 | 41.69 Mn |
| Sep 30, 2025 | 41.69 Mn |
| Jun 30, 2025 | 41.69 Mn |
| Mar 31, 2025 | 41.69 Mn |
| Dec 31, 2024 | 43.16 Mn |
| Sep 30, 2024 | 53.40 Mn |
| Jun 30, 2024 | 43.16 Mn |
| Mar 31, 2024 | 43.16 Mn |
| Dec 31, 2023 | 43.76 Mn |
| Sep 30, 2023 | 43.89 Mn |
| Jun 30, 2023 | 43.89 Mn |
| Mar 31, 2023 | 43.89 Mn |
| Dec 31, 2022 | 43.89 Mn |
| Sep 30, 2022 | 43.89 Mn |
| Jun 30, 2022 | 43.89 Mn |
| Mar 31, 2022 | 73.15 Mn |
| Dec 31, 2021 | 73.15 Mn |
| Jun 30, 2021 | 1.69 Mn |
API Access
Microvast Holdings Non-Current Debt 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=non-current-debt&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();