Meritage Net Tangible Assets vs Net Working Capital Analysis

MTH Stock  USD 69.77  1.28  1.80%   
Meritage financial indicator trend analysis is infinitely more than just investigating Meritage recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meritage is a good investment. Please check the relationship between Meritage Net Tangible Assets and its Net Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.

Net Tangible Assets vs Net Working Capital

Net Tangible Assets vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meritage Net Tangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Meritage's Net Tangible Assets and Net Working Capital is 0.71. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Meritage, assuming nothing else is changed. The correlation between historical values of Meritage's Net Tangible Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Meritage are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Tangible Assets i.e., Meritage's Net Tangible Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Working Capital

Most indicators from Meritage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meritage current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.As of now, Meritage's Enterprise Value is increasing as compared to previous years.
 2022 2023 2024 2025 (projected)
Gross Profit1.8B1.5B1.6B1.7B
Total Revenue6.3B6.1B6.4B6.7B

Meritage fundamental ratios Correlations

0.250.99-0.160.98-0.04-0.050.560.8-0.250.90.88-0.360.860.80.830.950.560.79-0.270.730.980.330.850.260.54
0.250.160.550.1-0.16-0.090.080.60.560.520.180.380.150.010.110.270.620.42-0.30.340.160.6-0.010.570.59
0.990.16-0.261.0-0.03-0.050.560.72-0.350.850.87-0.40.870.810.850.940.490.76-0.230.710.990.250.880.180.47
-0.160.55-0.26-0.31-0.010.07-0.270.420.70.19-0.320.32-0.52-0.27-0.55-0.150.32-0.16-0.21-0.22-0.280.46-0.410.450.4
0.980.11.0-0.31-0.03-0.050.560.67-0.430.80.86-0.420.860.820.840.930.430.73-0.210.680.990.190.890.110.42
-0.04-0.16-0.03-0.01-0.030.96-0.17-0.090.01-0.07-0.04-0.18-0.1-0.14-0.08-0.340.02-0.070.18-0.09-0.050.03-0.080.04-0.24
-0.05-0.09-0.050.07-0.050.96-0.3-0.060.07-0.06-0.07-0.15-0.13-0.15-0.14-0.340.11-0.05-0.06-0.06-0.07-0.05-0.08-0.05-0.17
0.560.080.56-0.270.56-0.17-0.30.34-0.310.470.65-0.030.620.470.650.570.040.60.190.470.590.390.530.340.29
0.80.60.720.420.67-0.09-0.060.340.280.960.62-0.10.520.550.490.780.720.64-0.380.540.690.610.480.570.73
-0.250.56-0.350.7-0.430.010.07-0.310.280.15-0.250.41-0.32-0.45-0.35-0.240.45-0.01-0.24-0.03-0.350.56-0.520.640.33
0.90.520.850.190.8-0.07-0.060.470.960.150.77-0.20.720.650.680.870.740.8-0.370.70.830.570.640.530.71
0.880.180.87-0.320.86-0.04-0.070.650.62-0.250.77-0.240.880.80.870.840.460.79-0.220.70.850.350.780.30.27
-0.360.38-0.40.32-0.42-0.18-0.15-0.03-0.10.41-0.2-0.24-0.37-0.36-0.39-0.29-0.09-0.29-0.11-0.42-0.380.16-0.450.190.01
0.860.150.87-0.520.86-0.1-0.130.620.52-0.320.720.88-0.370.690.990.830.440.85-0.160.810.870.240.780.210.33
0.80.010.81-0.270.82-0.14-0.150.470.55-0.450.650.8-0.360.690.680.80.260.54-0.170.460.760.10.760.020.31
0.830.110.85-0.550.84-0.08-0.140.650.49-0.350.680.87-0.390.990.680.80.390.82-0.040.770.850.270.750.230.29
0.950.270.94-0.150.93-0.34-0.340.570.78-0.240.870.84-0.290.830.80.80.510.75-0.310.70.940.290.820.230.57
0.560.620.490.320.430.020.110.040.720.450.740.46-0.090.440.260.390.510.71-0.40.590.490.460.380.450.68
0.790.420.76-0.160.73-0.07-0.050.60.64-0.010.80.79-0.290.850.540.820.750.71-0.310.920.770.460.670.410.6
-0.27-0.3-0.23-0.21-0.210.18-0.060.19-0.38-0.24-0.37-0.22-0.11-0.16-0.17-0.04-0.31-0.4-0.31-0.35-0.230.11-0.250.12-0.39
0.730.340.71-0.220.68-0.09-0.060.470.54-0.030.70.7-0.420.810.460.770.70.590.92-0.350.730.390.630.350.5
0.980.160.99-0.280.99-0.05-0.070.590.69-0.350.830.85-0.380.870.760.850.940.490.77-0.230.730.230.890.160.48
0.330.60.250.460.190.03-0.050.390.610.560.570.350.160.240.10.270.290.460.460.110.390.23-0.10.980.4
0.85-0.010.88-0.410.89-0.08-0.080.530.48-0.520.640.78-0.450.780.760.750.820.380.67-0.250.630.89-0.1-0.160.4
0.260.570.180.450.110.04-0.050.340.570.640.530.30.190.210.020.230.230.450.410.120.350.160.98-0.160.37
0.540.590.470.40.42-0.24-0.170.290.730.330.710.270.010.330.310.290.570.680.6-0.390.50.480.40.40.37
Click cells to compare fundamentals

Meritage Account Relationship Matchups

Meritage fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets3.9B4.8B5.8B6.4B7.2B7.5B
Short Long Term Debt Total1.0B1.2B1.2B1.1B1.4B730.1M
Total Stockholder Equity2.3B3.0B3.9B4.6B5.1B5.4B
Net Debt274.5M541.7M289.1M141.0M740.1M484.1M
Retained Earnings1.9B2.6B3.6B4.3B5.0B5.2B
Non Current Assets Total182.6M91.8M95.8M332.3M333.6M635.9M
Non Currrent Assets Other103.3M(116.8M)(164.7M)(3.7M)203.1M273.1M
Common Stock Shares Outstanding38.5M76.5M74.2M74.1M73.3M56.0M
Liabilities And Stockholders Equity3.9B4.8B5.8B6.4B7.2B7.5B
Non Current Liabilities Total1.0B1.2B1.2B1.1B1.4B1.5B
Other Stockholder Equity455.8M414.8M327.9M291.0M143.0M275.9M
Total Liab1.5B1.8B1.8B1.7B2.0B2.1B
Other Current Liab267.9M342.6M373.4M307.8M359.7M377.7M
Cash745.6M618.3M861.6M921.2M651.6M684.1M
Other Assets3.0B3.8B4.4B181.9M5.9B6.2B
Cash And Short Term Investments745.6M618.3M861.6M921.2M651.6M684.1M
Total Current Assets3.7B4.7B5.7B6.0B6.8B7.2B
Total Current Liabilities496.4M595.9M671.8M641.6M596.7M306.9M
Property Plant And Equipment Net38.9M37.3M38.6M100.2M47.3M44.9M
Accounts Payable175.3M216.0M273.3M271.7M212.5M116.4M
Net Receivables98.6M147.5M215.0M267.0M256.3M269.1M
Common Stock Total Equity382K375K373K366K420.9K325.3K
Property Plant And Equipment Gross38.9M123.9M123.3M122.7M116.6M132.9M
Common Stock375K373K366K364K360K330.5K
Other Liab24.2M25.1M49.8M38.0M43.7M33.7M
Long Term Debt1.0B1.2B1.2B1.0B1.3B871.2M
Good Will103.3M124.8M164.7M218.6M203.1M213.2M
Inventory2.8B3.7B4.4B4.7B5.7B6.0B
Property Plant Equipment38.9M37.3M38.6M100.2M100.2M105.2M
Other Current Assets59.5M215.5M241.4M111.4M192.4M202.0M
Net Tangible Assets2.0B2.3B3.0B3.9B4.5B4.8B
Retained Earnings Total Equity1.5B1.9B2.6B3.6B4.2B4.4B
Long Term Debt Total1.0B1.2B1.2B1.0B1.3B1.2B
Capital Surpluse455.8M414.8M327.9M291.0M143.0M135.9M
Deferred Long Term Liab3.6M3.3M4.7M3.8M4.4M3.5M
Long Term Investments4.4M5.8M11.8M17.2M28.7M28.8M

Currently Active Assets on Macroaxis

When determining whether Meritage offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Meritage's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Meritage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Meritage Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Meritage. If investors know Meritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Meritage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.35)
Dividend Share
1.61
Earnings Share
8.77
Revenue Per Share
86.336
Quarterly Revenue Growth
(0.04)
The market value of Meritage is measured differently than its book value, which is the value of Meritage that is recorded on the company's balance sheet. Investors also form their own opinion of Meritage's value that differs from its market value or its book value, called intrinsic value, which is Meritage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Meritage's market value can be influenced by many factors that don't directly affect Meritage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Meritage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meritage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meritage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.