Meritage Corporation (MTH)

Debt-to-equity ratio

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 5,195,640 5,141,570 4,611,900 3,949,610 3,044,390
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,195,640K
= 0.00