Meritage Balance Sheet - Quarterly (NYSE:MTH)

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$41.8 $0.2 (0.48%) MTH stock closing price Aug 14, 2018 (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. Financial strength can be guaged by performing Meritage stock analysis and by analyzing the balance sheet. Quarterly results are typically accompanied with the company releasing financial statements. Apart from analyzing Meritage revenue Meritage operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Meritage balance sheet for 2018 Q2 shows cash on hand of $169.43M. The company has a debt to equity ratio of 0.78.

View and download 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 - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash169.43M172.55M170.74M115.16M216.73M85.68M131.7M107.91M128.17M172.17M
Marketable Securities----------
Receivables78.4M74.38M79.31M78.93M73.1M86.23M70.35M76.37M68.83M60.49M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets48.88M52.53M59.94M67.54M74.75M78.52M85.55M91.05M91.44M91.99M
Total Current Assets
296.7M299.47M310M261.64M364.59M250.44M287.61M275.33M288.45M324.65M
Property Plant & Equipment--90.79M---81.05M---
Accumulated Depreciation--57.16M---47.85M---
Net Property Plant & Equipment
2.96B2.89B2.8B2.83B2.68B2.56B2.46B2.46B2.34B2.25B
Investment & Advances16.64M16.44M17.06M16.37M16.67M16.92M17.09M11.83M11.18M10.59M
Other Non-Current Assets----------
Deferred Charges36.29M35.26M35.16M56.87M55.29M53.88M53.32M57.55M58.84M58.98M
Intangibles----------
Deposits & Other Assets84.23M84.56M85.14M83.12M83.11M79.74M75.39M65.43M67.36M66.56M
Total Assets
3.39B3.33B3.25B3.25B3.2B2.96B2.89B2.87B2.76B2.71B
Notes Payable----------
Accounts Payable154.82M140.55M140.51M140.49M139.95M136.8M140.68M148.26M126.02M122.28M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses173.77M181.18M181.07M193.1M166.08M158.66M170.85M180.68M154.64M145.88M
Income Taxes Payable----------
Other Current Liabilities37.13M33.76M34.05M39.44M36.19M32.79M28.34M36.98M39.64M42.63M
Total Current Liabilities
365.72M355.5M355.65M373.04M342.23M328.26M339.88M365.93M320.31M310.81M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt--1.27B-1.34B-1.1B--1.09B
Long-Term Debt1.31B1.31B17.35M1.3B17.25M1.17B32.19M1.14B1.11B25.73M
Non-Current Capital Leases----------
Other Long-Term Liabilities34.98M34.97M34.97M35.76M8.48M8.48M----
Total Liabilities
1.71B1.7B1.67B1.71B1.71B1.51B1.47B1.51B1.43B1.43B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus593.56M589.79M584.57M582.41M578.29M575.8M572.5M570.22M566.5M563.89M
Retained Earnings1.09B1.04B991.84M956.29M913.74M872.16M848.58M796.78M759.89M720.01M
Treasury Stock----------
Other Liabilities----------
Shareholders Equity1.68B1.63B1.58B1.54B1.49B1.45B1.42B1.37B1.33B1.28B
Total Liabilities & Shareholders Equity3.39B3.33B3.25B3.25B3.2B2.96B2.89B2.87B2.76B2.71B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Meritage stock price, and Meritage historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Meritage PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Meritage owns and has monetary significance. MTH assets grew from $3.33B in 2018 Q1 to $3.39B in 2018 Q2. 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: The total liabilities of Meritage for the quarter 2018 Q2 total to $1.71B. Liabilities for a company like Meritage include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Meritage Balance Sheet - Key Ratios

Current ratio
0.81
Debt to equity ratio
0.78
Asset turnover ratio
1.05
Receivables turnover
43.94
Price to book ratio
1.07