Microvast Holdings (MVST) Total Debt (2020 - 2026)
Microvast Holdings (MVST) posted Total Debt of $222.8 million for Q2 2026, down 10.87% on a QoQ basis from $250.0 million in Q1 2026, and down 27.25% year-over-year from $306.3 million in Q2 2025.
Analysis
Microvast Holdings (MVST) Total Debt (2020 - 2026) Analysis & Trends
Microvast Holdings has reported Total Debt for 7 years, with the latest figure at $222.8 million in Q2 2026.
- On a quarterly basis, Total Debt fell 27.25% year-over-year to $222.8 million in Q2 2026; TTM through Jun 2026 was $222.8 million, a 27.25% decrease from a year earlier, with the FY2025 full-year figure at $260.9 million, up 41.44% from the prior year.
- Total Debt was $222.8 million for Q2 2026 at Microvast Holdings, down from $250.0 million in the prior quarter.
- The five-year high for Total Debt was $319.6 million in Q3 2025, with the low at $108.0 million in Q3 2023.
- Average Total Debt over 5 years is $182.8 million, with a median of $160.2 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2026: Total Debt soared 14782.48% in 2022, then dropped 27.25% in 2026.
- Over 5 years, Total Debt stood at $129.7 million in 2022, then grew by 9.87% to $142.5 million in 2023, then climbed by 29.44% to $184.5 million in 2024, then surged by 41.44% to $260.9 million in 2025, then retreated by 14.6% to $222.8 million in 2026.
- The last three Total Debt figures came in at $222.8 million (Q2 2026), $250.0 million (Q1 2026), and $260.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 1.07 Bn |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 453.84 Mn |
| 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 | 342.18 Mn |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 531.81 Mn |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | - |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 38.27 Mn |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 222.84 Mn |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 8.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 222.84 Mn |
| Mar 31, 2026 | 250.02 Mn |
| Dec 31, 2025 | 260.94 Mn |
| Sep 30, 2025 | 319.56 Mn |
| Jun 30, 2025 | 306.33 Mn |
| Mar 31, 2025 | 214.18 Mn |
| Dec 31, 2024 | 184.49 Mn |
| Sep 30, 2024 | 185.75 Mn |
| Jun 30, 2024 | 163.23 Mn |
| Mar 31, 2024 | 147.55 Mn |
| Dec 31, 2023 | 142.53 Mn |
| Sep 30, 2023 | 108.04 Mn |
| Jun 30, 2023 | 112.12 Mn |
| Mar 31, 2023 | 133.53 Mn |
| Dec 31, 2022 | 129.73 Mn |
| Sep 30, 2022 | 123.73 Mn |
| Jun 30, 2022 | 129.30 Mn |
| Mar 31, 2022 | 157.16 Mn |
| Dec 31, 2021 | 147.40 Mn |
| Sep 30, 2021 | 65.98 Mn |