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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Meritage Homes's total current liabilities for the quarter that ended in Jun. 2024 was $638
The historical data trend for Meritage Homes's Total Current Liabilities 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.
Meritage Homes Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 349.03 | 444.45 | 543.46 | 613.49 | 641.62 |
Meritage Homes Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Total Current Liabilities | Get a 7-Day Free Trial | 601.03 | 663.92 | 641.62 | 678.69 | 638.31 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Meritage Homes's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 605.014 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 36.605 | |
= | 642 |
Meritage Homes's Total Current Liabilities for the quarter that ended in Jun. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 598.927 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 39.38 | |
= | 638 |
* 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.
The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.
Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.
Be Aware
Stay away from companies that roll over the debt e.g. Bear Stearns
When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.
His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.
Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term
Thank you for viewing the detailed overview of Meritage Homes's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
R. Odell Michael | director | 3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130 |
Hilla Sferruzza | officer: Chief Accounting Officer | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Louis E Caldera | director | C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237 |
Phillippe Lord | officer: EXECUTIVE VICE PRESIDENT | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Javier Feliciano | officer: EVP Chief Human Resources Off | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Peter L Ax | director | |
Alison Sasser | officer: SVP - Chief Accounting Officer | 8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Clinton Szubinski | officer: EVP - Chief Operating Officer | 8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260 |
Dennis V Arriola | director | 162 CANCO ROAD, PORTLAND ME 04103 |
Gerald W Haddock | director | C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057 |
Raymond Oppel | director | |
Steven J Hilton | officer: Chief Executive Officer | 6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250 |
Malissia Clinton | officer: EVP - Gen. Counsel, Secretary | 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730 |
C Timothy White | officer: EVP - Gen. Counsel, Secretary | |
Dana Bradford | director | BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112 |
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