Meritage Corporation (MTH)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,353,130 | 6,181,870 | 6,065,640 | 5,871,150 | 5,772,100 | 5,571,090 | 5,307,720 | 5,058,160 | 4,807,530 | 4,565,450 | 4,321,550 | 4,038,420 | 3,864,400 | 3,687,320 | 3,541,730 | 3,914,460 | 3,398,250 | 3,635,040 | 3,466,880 | 3,395,870 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been relatively stable over the past eight quarters, ranging between 0.16 and 0.23. A lower ratio indicates that a company has less debt relative to its total assets, suggesting a lower financial risk.
Meritage Homes Corp's ratio has shown a slight increasing trend in recent quarters, starting at 0.20 in Q1 2023 and reaching 0.23 in Q1 2022. This may indicate that the company has been increasing its debt levels compared to its assets over time.
Overall, with a debt-to-assets ratio consistently below 0.25, Meritage Homes Corp appears to have a conservative debt structure, which may be considered favorable by investors and creditors. However, it is essential for the company to monitor this ratio closely to ensure it remains within manageable levels and does not pose a significant financial risk.
Peer comparison
Dec 31, 2023