Meritage Homes (Meritage Homes) Debt-to-Equity

: 0.23 (As of Dec. 2023)

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Meritage Homes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Meritage Homes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,062 Mil. Meritage Homes's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,612 Mil. Meritage Homes's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Meritage Homes's Debt-to-Equity or its related term are showing as below:

MTH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.65 Max: 0.89
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Meritage Homes was 0.89. The lowest was 0.23. And the median was 0.65.

MTH's Debt-to-Equity is ranked better than
73.2% of 97 companies
in the Homebuilding & Construction industry
Industry Median: 0.56 vs MTH: 0.23

Meritage Homes Debt-to-Equity Historical Data

The historical data trend for Meritage Homes's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Meritage Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.45

0.39

0.30

0.23

Meritage Homes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.29	0.28	0.24	0.23

Competitive Comparison

For the Residential Construction subindustry, Meritage Homes's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Meritage Homes Debt-to-Equity Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Meritage Homes's Debt-to-Equity falls into.

Meritage Homes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meritage Homes's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1062.255)	/	4611.9
	=	0.23

Meritage Homes's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1062.255)	/	4611.9
	=	0.23

Meritage Homes (NYSE:MTH) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Meritage Homes Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Meritage Homes's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Meritage Homes (Meritage Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meritage Homes Corp (NYSE:MTH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MEY:Germany

Address

8800 East Raintree Drive, Suite 300, Scottsdale, AZ, USA, 85260

Website

https://www.meritagehomes.com

Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.

Executives

Phillippe Lord	officer: EXECUTIVE VICE PRESIDENT	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Peter L Ax	director
Alison Sasser	officer: SVP - Chief Accounting Officer	8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Hilla Sferruzza	officer: Chief Accounting Officer	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Javier Feliciano	officer: EVP Chief Human Resources Off	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Dennis V Arriola	director	162 CANCO ROAD, PORTLAND ME 04103
R. Odell Michael	director	3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130
Gerald W Haddock	director	C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Raymond Oppel	director
Steven J Hilton	officer: Chief Executive Officer	6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250
Clinton Szubinski	officer: EVP - Chief Operating Officer	8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260
Malissia Clinton	officer: EVP - Gen. Counsel, Secretary	333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Louis E Caldera	director	C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
C Timothy White	officer: EVP - Gen. Counsel, Secretary
Dana Bradford	director	BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112