Microvast Holdings, Inc. Working Capital History
MVST / Industrials|6 years of SEC 10-K data (FY2019-FY2024)
$98M in FY2024 with a 5-year CAGR of +277.7%.
Declined from $293M to $98M over the past 2 years.
Working Capital changed +341% YoY in FY2024, a notable deviation from the 5-year average annual change of +2760%.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.38 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- -43.1%
- 5-Year CAGR
- +277.7%
- 10-Year CAGR
- -
Working Capital Trend
Bottom 22% in IndustrialsTop 78% of 349This company $97.9M Sector average $695.2M
▼
-85.9% below sector average
Key Insights
- 5-year CAGR of +277.7%, indicating consistent growth.
- In FY2024, working capital increased 340.9% year-over-year.
- Ranks #272 out of 349 companies in the Industrials sector.
- Peak working capital was recorded in FY2021.
Annual Data
| Year | Working Capital | YoY Growth |
|---|---|---|
| FY2024 | $97.9M | +340.9% |
| FY2023 | $22.2M | -92.4% |
| FY2022 | $292.7M | -44.9% |
| FY2021 | $531.0M | +9220.9% |
| FY2020 | $5.7M | +4374.8% |
| FY2019 | $127.3K | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026