Meritage Corporation (MTH)

Cash ratio

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Cash and cash equivalents US$ in thousands 775,157 651,555 921,227 861,561 618,335
Short-term investments US$ in thousands — — — 11,753 5,764
Total current liabilities US$ in thousands 200,679 596,685 641,619 613,486 595,896
Cash ratio 3.86 1.09 1.44 1.42 1.05

December 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($775,157K + $—K) ÷ $200,679K
= 3.86