Meritage Homes (FRA:MEY) Debt-to-Asset : 0.20 (As of Jun. 2024)

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What is Meritage Homes Debt-to-Asset?

Meritage Homes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0 Mil. Meritage Homes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €1,271 Mil. Meritage Homes's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was €6,432 Mil. Meritage Homes's debt to asset for the quarter that ended in Jun. 2024 was 0.20.

Meritage Homes Debt-to-Asset Historical Data

The historical data trend for Meritage Homes's Debt-to-Asset 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.

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Meritage Homes Debt-to-Asset Chart

Meritage Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.31

0.27

0.25

0.20

0.17

Meritage Homes Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.20	0.17	0.17	0.16	0.20

Competitive Comparison of Meritage Homes's Debt-to-Asset

For the Residential Construction subindustry, Meritage Homes's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Homebuilding & Construction Industry

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

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

Meritage Homes Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	974.088)	/	5825.824
	=	0.17

Meritage Homes's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	1271.216)	/	6432.377
	=	0.20

Meritage Homes (FRA:MEY) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Meritage Homes Debt-to-Asset Related Terms

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

Meritage Homes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meritage Homes Corp (FRA:MEY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MTH:USA

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.

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