MVST: the balance sheet

MyFinsight

For the year ending 2025-12-31, MVST has $1,005,448K in assets. $594,935K in debts. $104,963K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
91.89%
Quick Ratio
73.58%
Cash Ratio
21.49%
Debt to Asset Ratio
59.17%
Unit: Thousand (K) dollars
Assets Breakdown
Property, plant and equipment, n...
Total current assets
Operating lease right-of-use ass...
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Total current liabilities
Others

Balance Sheets	2025-12-31
Cash and cash equivalents	104,963
Restricted cash	64,275
Accounts receivable (net of allowance for credit losses of 4,693 and 5,090 as of december31, 2025 and 2024, respectively)	155,763
Notes receivable	5,590
Inventories, net	89,411
Prepaid expenses and other current assets	17,221
Assets held for sale	11,500
Total current assets	448,723
Restricted cash	0
Property, plant and equipment, net	508,057
Land use rights, net	11,570
Acquired intangible assets, net	2,183
Operating lease right-of-use assets	17,336
Deferred tax assets	5,429
Other non-current assets	12,150
Total assets	1,005,448

Accounts payable	47,003
Notes payable	78,321
Accrued expenses and other current liabilities	123,315
Advance from customers	5,605
Amounts due to related parties	2
Convertible loan measured at fair value	140,929
Short-term bank borrowings	93,052
Income tax payables	99
Warrant liability	15
Total current liabilities	488,341
Long-term bank borrowings	13,227
Long-term bonds payable	41,693
Warrant liability	0
Share-based compensation liability	98
Convertible loan measured at fair value	0
Operating lease liabilities	14,476
Product warranty, non-current	28,612
Deferred subsidy income, non-current	6,190
Other sundry liabilities, noncurrent	2,298
Other non-current liabilities	37,100
Total liabilities	594,935
Common stock (0.0001 par value, 750,000,000 shares authorized 333,473,938 and 324,831,634 shares issued, and 331,786,438 and 323,144,134 shares outstanding as of december31, 2025 and 2024)	34
Additional paid-in capital	1,543,797
Statutory reserves	6,032
Accumulated deficit	-1,122,176
Accumulated other comprehensive loss	-17,174
Total equity	410,513
Total liabilities and equity	1,005,448

Unit: Thousand (K) dollars (except for numbers of shares and EPS).

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets