Meritage Corporation (MTH)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,141,570 | 4,611,900 | 3,949,610 | 3,044,390 | 2,347,870 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,141,570K
= 0.00
The debt-to-equity ratio of Meritage Corporation has been consistently recorded as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period and has relied solely on equity for funding. A debt-to-equity ratio of 0.00 typically suggests that the company is not taking on any financial leverage and is operating without incurring any debt obligations. While a low debt-to-equity ratio can indicate a lower financial risk, it may also signal limited growth opportunities and potential constraints on the company's ability to expand through borrowed funds. It is important to assess other factors such as the company's profitability, liquidity, and overall financial health to gain a comprehensive understanding of its financial position and performance.
Peer comparison
Dec 31, 2024