Lennar (Lennar) Debt-to-Equity

: 0.17 (As of Feb. 2024)

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Lennar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0 Mil. Lennar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $4,395 Mil. Lennar's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $26,648 Mil. Lennar's debt to equity for the quarter that ended in Feb. 2024 was 0.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Lennar's Debt-to-Equity or its related term are showing as below:

LEN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.7 Max: 1.32
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Lennar was 1.32. The lowest was 0.17. And the median was 0.70.

LEN's Debt-to-Equity is ranked better than
82.47% of 97 companies
in the Homebuilding & Construction industry
Industry Median: 0.56 vs LEN: 0.17

Lennar Debt-to-Equity Historical Data

The historical data trend for Lennar's Debt-to-Equity 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.

* Premium members only.

Lennar Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

0.60

0.41

0.31

0.26

0.19

Lennar Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity																0.21	0.20	0.18	0.19	0.17

Competitive Comparison

For the Residential Construction subindustry, Lennar's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lennar Debt-to-Equity Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lennar's Debt-to-Equity falls into.

Lennar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lennar's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	4984.028)	/	26580.664
	=	0.19

Lennar's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	4394.622)	/	26647.835
	=	0.16

Lennar (NYSE:LEN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Lennar Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Lennar's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Lennar (Lennar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Lennar Corp (NYSE:LEN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LEN.B:USA LEN:Mexico LNN0:Germany LNN:Germany LNN:Germany L1EN34:Brazil

Address

5505 Blue Lagoon Drive, Miami, FL, USA, 33126

Website

https://www.lennar.com

Based on the number of delivered homes, Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.

Executives

Amy Banse	director	345 PARK AVENUE, SAN JOSE CA 95110
Dacona Smith	director	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Serena Wolfe	director	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Jeffrey Joseph Mccall	officer: Senior Vice President	26 TECHNOLOGY DRIVE, IRVINE CA 92618
Diane J Bessette	officer: Vice President and Controller	LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
David M Collins	officer: Controller	LENNAR CORPORATION, 700 NW 107 AVENUE STE 400, MIAMI FL 33172
Mark Sustana	officer: General Counsel and Secretary	LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Jonathan M Jaffe	director, officer: Vice President	LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Scott D Stowell	director
Irving Bolotin	director	LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Armando J Olivera	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Steven L Gerard	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Sherrill W Hudson	director	201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Jeffrey Sonnenfeld	director	14 WALL ST 13TH FL, NEW YORK NY 10005
Theron I Gilliam	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084