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MHGU (Meritage Hospitality Group) Total Stockholders Equity : $121.2 Mil (As of Sep. 2024)


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What is Meritage Hospitality Group Total Stockholders Equity?

Meritage Hospitality Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $121.2 Mil. It refers to the net assets owned by shareholders. It does not include minority interest.

Total Stockholders Equity is used to calculate Book Value per Share. Meritage Hospitality Group's Book Value per Share for the quarter that ended in Sep. 2024 was $18.34. The ratio of a company's debt over equity can be used to measure how leveraged this company is. Meritage Hospitality Group's Debt-to-Equity for the quarter that ended in Sep. 2024 was 4.92.

Meritage Hospitality Group Total Stockholders Equity Historical Data

The historical data trend for Meritage Hospitality Group's Total Stockholders 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 Hospitality Group Total Stockholders Equity Chart

Meritage Hospitality Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Stockholders Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.85 95.80 105.76 116.15 121.14

Meritage Hospitality Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Stockholders Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 121.74 121.14 122.22 124.77 121.20

Meritage Hospitality Group  (OTCPK:MHGU) Total Stockholders Equity Explanation

1. Total Stockholders Equity is used to calculate Book Value per Share.

Meritage Hospitality Group's Book Value per Share for the quarter that ended in Sep. 2024 is

Book Value per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(121.204-0.015)/6.60802
=18.34

2. The ratio of a company's debt over equity can be used to measure how leveraged this company is.

Meritage Hospitality Group's Debt-to-Equity for the quarter that ended in Sep. 2024 is

Debt-to-Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(87.682 + 508.794) / 121.204
=4.92

* 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.

Meritage Hospitality Group Total Stockholders Equity Related Terms

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Meritage Hospitality Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Meritage Hospitality Group Inc (OTCPK:MHGU) » Definitions » Total Stockholders Equity
Comparable Companies
STKS FAT RRGB BDL THCH CHSN RAVE GENK ARKR NDLS MCD SBUX CMG LSE:CPG YUM TSX:QSP.UN TSX:QSR DRI YUMC CAVA
Traded in Other Exchanges
MHGUP.PFD:USA
Address
45 Ottawa Avenue SW, Suite 600, Grand Rapids, MI, USA, 49503
Website
http://www.meritagehospitality.com
Meritage Hospitality Group Inc is one of the nation's premier restaurant operators, with more than 300 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia. The Company owns six independent restaurants under two concepts throughout Michigan which include Morning Belle restaurants and Stan's Tacos.
Executives
Duane F Kluting director 3100 44TH STREET SW, GRANDVILLE MI 49418
Roger L Zingle officer: Chief Operating Officer 6132 PICKWOOD DRIVE, WEST BLOOMFIELD MI 48322
Gary A Rose officer: VP, CFO & Treasurer 223 EAST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Robert E. Schermer Revocable Living Trust U/a Dated 4/28/97 10 percent owner C/O ROBERT W. BAIRD & CO. INC., 333 BRIDGE STREET, N.W., SUITE 1000, GRAND RAPIDS MI 49504
Gulis Stephen L Jr director 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
James R Saalfeld officer: VP, Secretary and Treasurer MERITAGE HOSPITALITY GROUP INC, 1971 EAST BELTLINE AVE, N.E., STE. 200, GRAND RAPIDS MI 49525
Robert H Potts officer: Vice President of Real Estate 1971 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525
Schermer Robert E Jr director, 10 percent owner, officer: Chief Executive Officer 1971 EAST BELTLINE AVE, N.E., SUITE 200, GRAND RAPIDS MI 49525
Robert E Riley director, 10 percent owner, officer: President 40 PEARL STREET NW, SUITE 900, GRAND RAPIDS MI 49503
James P Bishop director 4230 SOUTH WESTNEDGE, KALAMAZOO MI 49006
Schermer Robert E Sr director, 10 percent owner, officer: Chairman of the Board C/O ROBERT W BLAIR & CO. INC., 333 BRIDGE STREET, SUITE 1000, GRAND RAPIDS MI 49504
Joseph L Maggini director 4242 CLAY STREET SW, GRAND RAPIDS MI 49548
Brian N Mcmahon director 542 TONBRIDGE COURT, PERRYSBURG OH 43551