Microvast Holdings, Inc. (MVST)

Microvast Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	63.59	44.54	231.42	480.93	21.5	27.98
Short-Term Investments	-	6.58	26	1.03	0.75	1.49
Cash & Short-Term Investments	63.59	51.13	257.42	481.96	22.24	29.47
Cash Growth	-31.55%	-80.14%	-46.59%	2066.89%	-24.53%	-
Accounts Receivable	121.54	138.72	119.3	88.72	76.3	67.64
Other Receivables	-	15.03	2.72	4.31	2.95	2.38
Receivables	132.48	177.48	124.22	104.26	100.09	103.37
Inventory	157.77	149.75	84.25	53.42	44.97	59.16
Prepaid Expenses	23.48	3.97	3.37	4.69	0.21	-
Restricted Cash	40.36	37.48	70.73	55.18	19.7	13.81
Other Current Assets	19.9	5.8	5.08	7.1	2.12	1.04
Total Current Assets	437.57	425.61	545.07	706.61	189.32	206.85
Property, Plant & Equipment	546.63	640.17	351.51	253.06	198.02	191.32
Other Intangible Assets	14.69	15.12	14.28	15.89	16.28	16.08
Other Long-Term Assets	22.11	15.83	74.11	19.74	0.89	1.57
Total Assets	1,021	1,097	984.96	995.29	404.51	415.82
Accounts Payable	65.59	112.62	44.99	40.41	42.01	35.58
Accrued Expenses	20.41	21.47	13.95	8.68	7.25	5.17
Short-Term Debt	100.77	81.26	85.84	74.25	77.88	77
Current Portion of Long-Term Debt	21.72	17.51	-	-	-	43.89
Current Portion of Leases	3.21	2.41	1.93	-	-	-
Current Income Taxes Payable	0.66	0.66	0.66	0.67	0.66	0.66
Current Unearned Revenue	42.95	43.09	54.21	1.53	2.45	3.8
Other Current Liabilities	80.58	124.4	50.84	50.06	53.38	29.69
Total Current Liabilities	335.89	403.41	252.41	175.59	183.63	195.8
Long-Term Debt	120.98	86.92	72.89	73.15	73.15	29.26
Long-Term Leases	16.33	17.09	14.35	-	-	-
Long-Term Unearned Revenue	6.09	3.38	3.07	2.29	1.22	1.39
Other Long-Term Liabilities	32.51	21.75	29.27	57.57	109.38	129.56
Total Liabilities	511.8	532.54	371.98	308.59	367.37	356.01
Common Stock	0.03	0.03	0.03	0.03	0.01	0.01
Additional Paid-In Capital	1,512	1,481	1,416	1,306	-	3.73
Retained Earnings	-981.49	-891.47	-785.13	-626.07	-391.96	-314.73
Comprehensive Income & Other	-21.75	-25.61	-18.08	6.7	7.36	-9.27
Total Common Equity	509.2	564.19	612.98	686.7	-384.6	-320.26
Minority Interest	-	-	-	-	90.82	80.56
Shareholders' Equity	509.2	564.19	612.98	686.7	37.14	59.81
Total Liabilities & Equity	1,021	1,097	984.96	995.29	404.51	415.82
Total Debt	263.01	205.18	175.01	147.4	151.03	150.15
Net Cash (Debt)	-199.42	-154.06	82.41	334.56	-128.79	-120.68
Net Cash Growth	-	-	-75.37%	-	-	-
Net Cash Per Share	-0.63	-0.50	0.27	1.80	-1.30	-1.22
Filing Date Shares Outstanding	322.13	315.52	307.72	298.84	300.52	99.03
Total Common Shares Outstanding	322.13	315.01	307.63	298.84	0.62	99.03
Working Capital	101.68	22.2	292.66	531.01	5.7	11.05
Book Value Per Share	1.58	1.79	1.99	2.30	-622.45	-518.32
Tangible Book Value	494.51	549.07	598.7	670.81	-400.88	-336.34
Tangible Book Value Per Share	1.54	1.74	1.95	2.24	-648.80	-544.35
Buildings	-	144.5	44.68	41.92	39.99	37.48
Machinery	-	229.76	167.2	172.87	141.05	85.64
Construction In Progress	-	321.91	195.54	96.97	57.4	91.88
Leasehold Improvements	-	32.81	28.63	30.04	26.63	22.57
Order Backlog	-	276.4	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.