Meritage Homes Balance Sheet Health
Financial Health criteria checks 4/6
Meritage Homes has a total shareholder equity of $5.1B and total debt of $1.3B, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are $7.2B and $2.0B respectively.
Key information
26.0%
Debt to equity ratio
US$1.34b
Debt
| Interest coverage ratio | n/a |
| Cash | US$651.56m |
| Equity | US$5.14b |
| Total liabilities | US$2.02b |
| Total assets | US$7.16b |
Recent financial health updates
Meritage Homes (NYSE:MTH) Has A Pretty Healthy Balance Sheet
Feb 05
Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Nov 04Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Jul 27Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Mar 31Recent updates
Meritage Homes (NYSE:MTH) Has A Pretty Healthy Balance Sheet
Feb 05Meritage Homes: Strong Execution And Resilient Demand Fuel Growth
Feb 05There Is A Reason Meritage Homes Corporation's (NYSE:MTH) Price Is Undemanding
Dec 18Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place
Dec 14Are Meritage Homes Corporation (NYSE:MTH) Investors Paying Above The Intrinsic Value?
Dec 05Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues
Nov 07Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Nov 04Is Now An Opportune Moment To Examine Meritage Homes Corporation (NYSE:MTH)?
Oct 18Meritage Homes: Expect Value To Keep Building
Oct 13Returns At Meritage Homes (NYSE:MTH) Are On The Way Up
Oct 03Why Investors Shouldn't Be Surprised By Meritage Homes Corporation's (NYSE:MTH) Low P/E
Sep 16Meritage Homes Corporation: Staying Buy Rated As Demand Outlook Remains Positive
Jul 30Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Jul 27Is It Too Late To Consider Buying Meritage Homes Corporation (NYSE:MTH)?
Jul 11An Intrinsic Calculation For Meritage Homes Corporation (NYSE:MTH) Suggests It's 35% Undervalued
Jun 06Lacklustre Performance Is Driving Meritage Homes Corporation's (NYSE:MTH) Low P/E
May 23We Think Shareholders Will Probably Be Generous With Meritage Homes Corporation's (NYSE:MTH) CEO Compensation
May 10Meritage Homes Corporation: Reiterate Buy Rating On Strong Demand Profile
May 07Meritage Homes: An Upgrade Heading Into Earnings On Strong Orders
Apr 21Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Mar 31Is There Now An Opportunity In Meritage Homes Corporation (NYSE:MTH)?
Mar 03Calculating The Fair Value Of Meritage Homes Corporation (NYSE:MTH)
Feb 16Meritage Homes: Amazing Orders Growth With Good Visibility Ahead
Feb 08Meritage Homes: Initiate Buy On Healthy Demand And Improved Productivity
Nov 27Meritage Homes: A Robust Recovery Is In The Making
Nov 10Meritage Homes: Rating Upgrade As Growth Expected To Accelerate
Sep 05Meritage Homes: Still Appealing Despite Signs Of Further Weakness Ahead
Jul 21Financial Position Analysis
Short Term Liabilities: MTH's short term assets ($7.0B) exceed its short term liabilities ($664.7M).
Long Term Liabilities: MTH's short term assets ($7.0B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: MTH's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: MTH's debt to equity ratio has reduced from 51.6% to 26% over the past 5 years.
Debt Coverage: MTH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MTH's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/16 09:23 |
| End of Day Share Price | 2025/02/14 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Meritage Homes Corporation is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Stephen Kim | Barclays |
| John Lovallo | BofA Global Research |