Meritage Corporation (MTH)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,162,650 | 7,103,450 | 6,923,980 | 6,489,300 | 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 |
| 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 |
| Financial leverage ratio | 1.39 | 1.41 | 1.42 | 1.37 | 1.38 | 1.40 | 1.43 | 1.44 | 1.46 | 1.51 | 1.56 | 1.60 | 1.58 | 1.62 | 1.64 | 1.63 | 1.65 | 1.68 | 1.70 | 1.97 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,162,650K ÷ $5,141,570K
= 1.39
The financial leverage ratio of Meritage Corporation has been gradually decreasing over the years, from 1.97 as of March 31, 2020, to 1.39 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio suggests a stronger financial position and lower financial risk for the company. Overall, the decreasing trend in the financial leverage ratio of Meritage Corporation reflects a prudent approach towards maintaining a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024