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GuruFocus has detected 3 Warning Signs with Meritage Homes Corp $MTH.
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Meritage Homes Corp (NYSE:MTH)
Accounts Payable & Accrued Expense
$312 Mil (As of Dec. 2016)

Meritage Homes Corp's quarterly accounts payable & accrued expense increased from Jun. 2016 ($281 Mil) to Sep. 2016 ($329 Mil) but then declined from Sep. 2016 ($329 Mil) to Dec. 2016 ($312 Mil).

Meritage Homes Corp's annual accounts payable & accrued expense increased from Dec. 2014 ($238 Mil) to Dec. 2015 ($268 Mil) and increased from Dec. 2015 ($268 Mil) to Dec. 2016 ($312 Mil).


Definition

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Meritage Homes Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Accounts Payable & Accrued Expense 262157134111117140219238268312

Meritage Homes Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Accounts Payable & Accrued Expense 257238233241276268268281329312
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