Meritage Homes (MTH) Operating Interest Expenses (2012 - 2018)
Meritage Homes' Operating Interest Expenses was $1.69 million in Q2 2018, up 9.2% from $1.55 million a year earlier and up 14.1% from the prior quarter.
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Analysis
Meritage Homes (MTH) Operating Interest Expenses (2012 - 2018) Analysis & Trends
On a trailing twelve-month basis, Meritage Homes' Operating Interest Expenses was $6.25 million through Jun 30, 2018, up 8.5% year-over-year; for FY2017, it was $6.01 million, up 7.5% from FY2016.
- Operating Interest Expenses has now increased for five consecutive years, with a five-year compound annual growth rate of 43.7% (FY2012 to FY2017).
- In earlier years, Operating Interest Expenses was $5.59 million in FY2016 (+7.4%), $5.2 million in FY2015 (+8.1%), $4.81 million in FY2014 (+47.3%) and $3.27 million in FY2013 (+232.9%).
- The Q2 2018 figure marks the highest quarterly Operating Interest Expenses in data going back to Q1 2012.
- Compared with a year earlier, Operating Interest Expenses has increased for nine straight quarters, with growth averaging 8.8% over the last eight quarters.
- The best year-over-year quarter for Operating Interest Expenses over five years was Q3 2013 (growth of 184.2%); the worst was Q4 2015 (a decline of 5.8%).
- Per Business Quant data, MTH's Operating Interest Expenses in the three quarters before Q2 2018 was $1.48 million (Q1 2018), $1.55 million (Q4 2017) and $1.52 million (Q3 2017).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Interest Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 38.33 Bn | 29.22 Bn | 2.15 Bn | - |
| 2 | Pultegroup | 21.75 Bn | 15.04 Bn | 1.06 Bn | - |
| 3 | Lennar | 17.19 Bn | 6.61 Bn | 807.31 Mn | - |
| 4 | Nvr | 16.44 Bn | 9.72 Bn | 485.14 Mn | - |
| 5 | Toll Brothers | 12.42 Bn | 7.81 Bn | 625.22 Mn | - |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | - |
| 7 | Champion Homes | 4.74 Bn | 2.22 Bn | - | - |
| 8 | Cavco Industries | 4.34 Bn | 3.09 Bn | - | - |
| 9 | Meritage Homes | 4.10 Bn | 1.02 Bn | 513.60 Mn | - |
| 10 | M | 3.42 Bn | 491.29 Mn | 235.50 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2018 | 1.69 Mn |
| Mar 31, 2018 | 1.48 Mn |
| Dec 31, 2017 | 1.55 Mn |
| Sep 30, 2017 | 1.52 Mn |
| Jun 30, 2017 | 1.55 Mn |
| Mar 31, 2017 | 1.38 Mn |
| Dec 31, 2016 | 1.44 Mn |
| Sep 30, 2016 | 1.40 Mn |
| Jun 30, 2016 | 1.51 Mn |
| Mar 31, 2016 | 1.25 Mn |
| Dec 31, 2015 | 1.29 Mn |
| Sep 30, 2015 | 1.25 Mn |
| Jun 30, 2015 | 1.36 Mn |
| Mar 31, 2015 | 1.30 Mn |
| Dec 31, 2014 | 1.37 Mn |
| Sep 30, 2014 | 1.24 Mn |
| Jun 30, 2014 | 1.13 Mn |
| Mar 31, 2014 | 1.08 Mn |
| Dec 31, 2013 | 1.04 Mn |
| Sep 30, 2013 | 901,000.00 |
API Access
Meritage Homes Operating Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-interest-expenses&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-interest-expenses", "ticker": "MTH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-interest-expenses&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();