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Lennar Current Ratio

: 17.03 (As of May. 2022)
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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Lennar's current ratio for the quarter that ended in May. 2022 was 17.03.

Lennar has a current ratio of 17.03. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.

The historical rank and industry rank for Lennar's Current Ratio or its related term are showing as below:

LEN' s Current Ratio Range Over the Past 10 Years
Min: 1.63   Med: 6.45   Max: 35.19
Current: 17.03

During the past 13 years, Lennar's highest Current Ratio was 35.19. The lowest was 1.63. And the median was 6.45.

LEN's Current Ratio is ranked better than
97.22% of 108 companies
in the Homebuilding & Construction industry
Industry Median: 2.61 vs LEN: 17.03

Lennar Current Ratio Historical Data

The historical data trend for Lennar's Current Ratio 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
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.28 18.44 20.80 21.85 19.03

Lennar Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.10 19.91 19.03 18.75 17.03

Competitive Comparison

For the Residential Construction subindustry, Lennar's Current Ratio, along with its competitors' market caps and Current Ratio 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 Current Ratio Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Current Ratio distribution charts can be found below:

* The bar in red indicates where Lennar's Current Ratio falls into.



Lennar Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Lennar's Current Ratio for the fiscal year that ended in Nov. 2021

Current Ratio (A: Nov. 2021 )=Total Current Assets (A: Nov. 2021 )/Total Current Liabilities (A: Nov. 2021 )
=25144.515/1321.247
=19.03

Lennar's Current Ratio for the quarter that ended in May. 2022 is calculated as

Current Ratio (Q: May. 2022 )=Total Current Assets (Q: May. 2022 )/Total Current Liabilities (Q: May. 2022 )
=26490.509/1555.283
=17.03

* 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) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Lennar Current Ratio Related Terms

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


Lennar Business Description

Lennar logo
Address
700 Northwest 107th Avenue, Miami, FL, USA, 33172
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.
Executives
Banse Amy director 345 PARK AVENUE SAN JOSE CA 95110
Mccall Jeffrey Joseph officer: Senior Vice President 26 TECHNOLOGY DRIVE IRVINE CA 92618
Stowell Scott D director
Olivera Armando J director C/O FLUOR CORPORATION 6700 LAS COLINAS BLVD IRVING TX 75039
Mcclure Teri P director 55 GLENLAKE PARKWAY NE ATLANTA GA 30328
Gilliam Theron I director GMS INC. 100 CRESCENT CENTRE PARKWAY, SUITE 800 TUCKER GA 30084
Collins David M officer: Controller LENNAR CORPORATION 700 NW 107 AVENUE STE 400 MIAMI FL 33172
Hudson Sherrill W director 201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131
Somma Lawrence C officer: Treasurer C/O LYONDELLBASELL INDUSTRIES N.V. DELFTSEPLEIN 27E ROTTERDAM P7 3013AA
Beckwitt Richard officer: Executive Vice President LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Mp Alpha Holdings Lllp Investments Trust 10 percent owner 700 N.W. 107TH AVENUE MIAMI FL 33172
Mp Alpha Holdings Lllp 10 percent owner 700 NORTHWEST 107TH AVENUE MIAMI FL 33172
Sonnenfeld Jeffrey director 14 WALL ST 13TH FL NEW YORK NY 10005
Sustana Mark officer: General Counsel and Secretary LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Bolotin Irving director LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172

Lennar Headlines

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