Meritage Balance Sheet - Annual (NYSE:MTH)

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$47.2 $0.85 (1.83%) MTH stock closing price Feb 16, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Meritage balance sheet. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Meritage stock analysis. A company releases its balance sheet every year along with its annual results. The Meritage balance sheet for 2016 shows total assets of $2.89B. The company has a asset turnover ratio of 1.17. Also see: Meritage revenue and Meritage operating cash flow for the same year.

View latest 10 year balance sheet data to check Meritage financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Cash131.7M262.2M103.33M274.13M209.39M185.75M113.29M265.67M205.92M
Marketable Securities---------
Receivables70.35M57.29M56.76M38.98M20.29M14.93M20.83M115.44M142.55M
Inventory---------
Raw Materials---------
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets85.55M87.83M94.98M51.59M40.83M31.68M23.93M19.55M67.7M
Total Current Assets
287.61M407.34M255.08M364.71M270.52M232.37M158.06M400.68M416.17M
Property Plant & Equipment81.05M73.46M-------
Accumulated Depreciation47.85M39.49M-------
Net Property Plant & Equipment
2.46B2.13B1.92B1.43B1.13B828.91M754.39M700.81M887.75M
Investment & Advances17.09M11.37M10.78M101.32M98.15M158.51M310.33M137.58M17.28M
Other Non-Current Assets---------
Deferred Charges53.32M59.14M64.13M70.4M77.97M----
Intangibles---39.23M-1.57M2.14M3.59M5.02M
Deposits & Other Assets75.39M80.39M71.05M------
Total Assets
2.89B2.69B2.32B2B1.58B1.22B1.22B1.24B1.33B
Notes Payable---------
Accounts Payable140.68M106.44M83.61M68.01M49.8M37.73M23.58M30.29M31.65M
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses170.85M161.16M154.14M166.61M96.37M79.46M87.81M103.23M125.1M
Income Taxes Payable---------
Other Current Liabilities28.34M36.19M29.37M21.99M12.37M8.85M6.89M9.5M8.48M
Total Current Liabilities
339.88M303.8M267.14M256.62M158.55M126.05M118.29M143.03M165.24M
Mortgages---------
Deferred Taxes/Income---------
Convertible Debt1.1B1.1B904.48M------
Long-Term Debt32.19M23.86M30.72M905.05M722.79M606.4M605.78M605M628.96M
Non-Current Capital Leases---------
Other Long-Term Liabilities--4.29M----9.2M4.83M
Total Liabilities
1.47B1.43B1.21B1.16B881.35M732.46M724.94M757.24M799.04M
Minority Interest---------
Preferred Stock---------
Common Stock Net---------
Capital Surplus572.5M559.49M538.78M412.96M390.24M478.83M468.82M461.4M436.73M
Retained Earnings848.58M699.04M570.31M428.06M303.6M198.44M219.54M212.39M278.85M
Treasury Stock-----188.77M188.77M188.77M188.77M
Other Liabilities---------
Shareholders Equity1.42B1.26B1.11B841.39M694.21M488.91M499.99M485.42M527.2M
Total Liabilities & Shareholders Equity2.89B2.69B2.32B2B1.58B1.22B1.22B1.24B1.33B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Meritage historical stock prices and the current Meritage stock price can tell you how the stock price has moved, whereas the Meritage PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like Meritage owns and has monetary significance. MTH assets grew from $2.69B in 2015 to $2.89B in 2016. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Meritage is $1.47B. Shareholders' equity comes under liabilities as it is money the company owes the holders of MTH stock.

Meritage Balance Sheet - Key Ratios

Current ratio
0.87
Debt to equity ratio
0.81
Asset turnover ratio
1.17
Receivables turnover
41.68
Price to book ratio
1.27