Meritage Corporation (MTH)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,141,570 | 5,029,790 | 4,882,530 | 4,720,570 | 4,611,900 | 4,421,040 | 4,248,300 | 4,067,210 | 3,949,610 | 3,681,810 | 3,412,470 | 3,168,320 | 3,044,390 | 2,825,270 | 2,628,140 | 2,476,690 | 2,347,870 | 2,199,850 | 2,084,600 | 1,990,770 |
| Debt-to-capital 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, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,141,570K)
= 0.00
The debt-to-capital ratio of Meritage Corporation has consistently been at 0.00 for all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during these periods. A debt-to-capital ratio of 0.00 typically suggests that the company relies solely on equity financing to fund its operations and expansion, which can be seen as a positive sign as it indicates lower financial risk and less financial leverage. However, it is essential to note that a zero debt-to-capital ratio may also imply missed opportunities for tax benefits associated with debt financing. Overall, the consistent 0.00 debt-to-capital ratio for Meritage Corporation indicates a conservative financial approach regarding debt usage.
Peer comparison
Dec 31, 2024