Meritage Balance Sheet - Quarterly (NYSE:MTH)

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$40 $1 (2.44%) MTH stock closing price Sep 20, 2017 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Meritage stock analysis. How cash on hand has increased or decreased is one of the many indicators used while undertaking the Meritage stock analysis, and provides insights into the firm's financial performance. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Meritage balance sheet as at the end of 2017-Q2 indicates an asset turnover ratio of 1.04M and debt to equity ratio of 0.91M. Whereas, Meritage revenue was $801.98M and Meritage operating cash flow was $-130.74M for the same period. View Meritage quarterly results to get the balance sheet details for the latest 40 quarters data.

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Quarterly
Annual
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Fiscal year is Jan - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
Cash216.73M85.68M131.7M107.91M128.17M172.17M262.2M235.4M217.02M89.24M
Marketable Securities----------
Receivables73.1M86.23M70.35M76.37M68.83M60.49M57.29M59.61M64.65M61.51M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets74.75M78.52M85.55M91.05M91.44M91.99M87.83M91.52M92.08M91.92M
Meritage Total Current Assets
364.59M250.44M287.61M275.33M288.45M324.65M407.34M386.55M373.76M242.68M
Property Plant & Equipment--81.05M---73.46M---
Accumulated Depreciation--47.85M---39.49M---
Meritage Net Property Plant & Equipment
2.68B2.56B2.46B2.46B2.34B2.25B2.13B2.12B2.06B1.98B
Investment & Advances16.67M16.92M17.09M11.83M11.18M10.59M11.37M10.37M10.3M10.27M
Other Non-Current Assets----------
Deferred Charges55.29M53.88M53.32M57.55M58.84M58.98M59.14M66.85M65.65M64.71M
Intangibles----------
Deposits & Other Assets83.11M79.74M75.39M65.43M67.36M66.56M80.39M77.01M76.14M71.91M
Meritage Total Assets
3.2B2.96B2.89B2.87B2.76B2.71B2.69B2.66B2.59B2.37B
Notes Payable----------
Accounts Payable139.95M136.8M140.68M148.26M126.02M122.28M106.44M113.86M103.14M91.47M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses166.08M158.66M170.85M180.68M154.64M145.88M161.16M161.8M137.6M141.17M
Income Taxes Payable----------
Other Current Liabilities36.19M32.79M28.34M36.98M39.64M42.63M36.19M39.58M38.72M32.77M
Meritage Total Current Liabilities
342.23M328.26M339.88M365.93M320.31M310.81M303.8M315.25M279.47M265.42M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt1.34B-1.1B--1.09B1.1B1.1B1.1B904.34M
Long-Term Debt17.25M1.17B32.19M1.14B1.11B25.73M23.86M41.89M34.65M61.4M
Non-Current Capital Leases----------
Other Long-Term Liabilities8.48M8.48M--------
Meritage Total Liabilities
1.71B1.51B1.47B1.51B1.43B1.43B1.43B1.46B1.42B1.23B
Minority Interest----------
Preferred Stock----------
Common Stock Net0.4M0.4M0.4M0.4M0.4M0.4M0.39M0.39M0.39M0.39M
Capital Surplus578.29M575.8M572.5M570.22M566.5M563.89M559.49M556.12M552.09M548.18M
Retained Earnings913.74M872.16M848.58M796.78M759.89M720.01M699.04M646.15M615.84M586.71M
Treasury Stock----------
Other Liabilities----------
Meritage Shareholders Equity
1.49B1.45B1.42B1.37B1.33B1.28B1.26B1.2B1.17B1.14B
Meritage Total Liabilities & Shareholders Equity
3.2B2.96B2.89B2.87B2.76B2.71B2.69B2.66B2.59B2.37B
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: MTH total assets, which was at $3.2B for 2017-Q2 is a balance sheet item representing value of what Meritage owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. MTH stock had total liabilities of $1.71B for quarter 2017-Q2.
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Meritage Balance Sheet - Key Ratios

Current ratio
1.07
Debt to equity ratio
0.91
Asset turnover ratio
1.04
Receivables turnover
41.5
price to book ratio
1.14