Meritage Corporation (MTH)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,162,650 | 6,353,130 | 5,772,100 | 4,807,530 | 3,864,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,162,650K
= 0.00
The debt-to-assets ratio for Meritage Corporation has consistently stood at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, signaling a low financial risk as there is no debt that needs to be serviced. It may also indicate a strong financial position and stability, as the company is not relying on borrowed funds to support its operations or investments. However, it is important to note that having no debt can also limit the company's financial flexibility and potential for leveraging opportunities for growth.
Peer comparison
Dec 31, 2024