Microvast Holdings (Microvast Holdings) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Microvast Holdings Debt-to-Equity?

Microvast Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $101.2 Mil. Microvast Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $104.0 Mil. Microvast Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $564.2 Mil. Microvast Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Microvast Holdings's Debt-to-Equity or its related term are showing as below:

MVST' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.39 Med: 0.25 Max: 0.36
Current: 0.36

During the past 5 years, the highest Debt-to-Equity Ratio of Microvast Holdings was 0.36. The lowest was -0.39. And the median was 0.25.

MVST's Debt-to-Equity is ranked worse than
55.87% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs MVST: 0.36

Microvast Holdings Debt-to-Equity Historical Data

The historical data trend for Microvast Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Microvast Holdings Debt-to-Equity Chart

Microvast Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

-0.39

0.22

0.29

0.36

Microvast Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.29	0.30	0.28	0.28	0.36

Competitive Comparison of Microvast Holdings's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Microvast Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Microvast Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Microvast Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Microvast Holdings's Debt-to-Equity falls into.

Microvast Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Microvast Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(101.179	+	104.005)	/	564.19
	=	0.36

Microvast Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(101.179	+	104.005)	/	564.19
	=	0.36

Microvast Holdings (NAS:MVST) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Microvast Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Microvast Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Microvast Holdings (Microvast Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Microvast Holdings Inc (NAS:MVST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2OZA:Germany 2OZA:Germany 2OZ:Germany

Address

12603 Southwest Freeway, Suite 300, Stafford, TX, USA, 77477

Website

https://www.microvast.com

Microvast Holdings Inc is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. The company is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry to battery packs.

Executives

Yanzhuan Zheng	director, officer: CFO, Director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Craig Webster	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Zachariah Ward	officer: President, Microvast Energy	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yeelong Balladon	director	C/O MICROVAST HOLDINGS, INC., 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Shane Smith	officer: COO & President, Microvast US	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Stephen A Vogel	director	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Sarah Beth Alexander	officer: General Counsel	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Michael Stanley Whittingham	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yang Wu	director, 10 percent owner, officer: CEO, COB, Director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wong Arthur Lap Tat	director	C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Shengxian Wu	officer: CEO, Microvast China	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Sascha Rene Kelterborn	officer: CRO & Man. Dir. Microvast EMEA	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wenjuan Mattis	officer: Chief Technology Officer (CTO)	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Lu Gao	officer: Chief Accounting Officer (CAO)	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wei Ying	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477