Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Lennar's cash to debt ratio for the quarter that ended in May. 2022 was 0.26.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Lennar couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2022.
The historical rank and industry rank for Lennar's Cash-to-Debt or its related term are showing as below:
LEN'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.77
Current: 0.26
During the past 13 years, Lennar's highest Cash to Debt Ratio was 0.77. The lowest was 0.01. And the median was 0.14.
LEN's Cash-to-Debt is ranked worse than 64.55% of 110
companies
in the Homebuilding & Construction industry
Industry Median: 0.45
vs LEN: 0.26
Lennar Cash-to-Debt Historical Data
The historical data trend for Lennar's Cash-to-Debt 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
Nov12
Nov13
Nov14
Nov15
Nov16
Nov17
Nov18
Nov19
Nov20
Nov21
Cash-to-Debt
0.34
0.15
0.16
0.39
0.47
Lennar Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Cash-to-Debt
0.41
0.42
0.47
0.27
0.26
Competitive Comparison
For the Residential Construction subindustry, Lennar's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Lennar's Cash-to-Debt falls into.
* 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.
Lennar (NYSE:LEN) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Lennar Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of Lennar's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
After merging with CalAtlantic in February 2018, Lennar has become the largest public homebuilder (by revenue) in the United States. 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.
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