Meritage Corporation (MTH)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,353,130 | 5,772,100 | 4,807,530 | 3,864,400 | 3,398,250 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,353,130K
= 0.00
The debt-to-assets ratio of Meritage Homes Corp. has shown a decreasing trend over the past five years, indicating improved financial health and lower reliance on debt financing to support its operations and investments.
In 2023, the debt-to-assets ratio decreased to 0.16 from 0.20 in 2022, signaling a stronger capacity to cover its obligations with its existing assets. The company's ability to decrease its debt relative to its total assets suggests prudent financial management and a potentially reduced risk of financial distress.
Comparing this ratio to levels in prior years, the trend indicates a consistent effort by Meritage Homes Corp. to deleverage its balance sheet, which could contribute to enhanced financial stability, lower interest costs, and improved profitability in the long run.
Overall, the declining debt-to-assets ratio for Meritage Homes Corp. reflects positively on the company's financial position and its ability to manage debt efficiently to support its growth and operations.
Peer comparison
Dec 31, 2023