Microvast Holdings (MVST) Total Debt (2018 - 2026)
Microvast Holdings (MVST) posted Total Debt of $452.06 million for Q3 2026, up 11.9% from $403.95 million a year earlier and up 116.9% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Total Debt (2018 - 2026) Analysis & Trends
At the end of FY2025, Microvast Holdings' Total Debt came in at $368.73 million, up 223.9% from FY2024.
- Annual Total Debt shows a five-year compound annual growth rate of 27.7% (FY2020 to FY2025).
- In prior years, Microvast Holdings' Total Debt was $113.82 million in FY2024 (-20.1%), $142.53 million in FY2023 (+9.9%), $129.73 million in FY2022 (-12.0%) and $147.4 million in FY2021 (+35.7%).
- The Q3 2026 figure stands as the highest quarterly Total Debt in data going back to Q4 2018.
- On a year-over-year basis, Total Debt increased in six of the last eight quarters, with growth averaging 88.1%.
- The strongest year-over-year quarter for Total Debt in the past five years was Q2 2025, with growth of 224.4%; the weakest was Q2 2026, with a decline of 46.5%.
- According to Business Quant data, Total Debt for the three prior quarters was $208.38 million (Q2 2026), $326.43 million (Q1 2026) and $368.73 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 2.80 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 2.95 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 107.67 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 2.02 Bn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 1.33 Bn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 2.60 Bn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 814.85 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 444.00 Mn |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | 452.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 452.06 Mn |
| Jun 30, 2026 | 208.38 Mn |
| Mar 31, 2026 | 326.43 Mn |
| Dec 31, 2025 | 368.73 Mn |
| Sep 30, 2025 | 403.95 Mn |
| Jun 30, 2025 | 389.50 Mn |
| Mar 31, 2025 | 172.48 Mn |
| Dec 31, 2024 | 113.82 Mn |
| Sep 30, 2024 | 132.35 Mn |
| Jun 30, 2024 | 120.07 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 |
API Access
Microvast Holdings Total 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=total-debt&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-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=total-debt&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();