Market Cap : 23.59 B | Enterprise Value : 28.77 B | PE Ratio : 5.70 | PB Ratio : 1.14 |
---|
NYSE:LEN has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:LEN has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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:
During the past 13 years, Lennar's highest Current Ratio was 35.19. The lowest was 1.63. And the median was 6.45.
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.
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.
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.
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
Lennar's Current Ratio for the quarter that ended in May. 2022 is calculated as * For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
Current Ratio (A: Nov. 2021 ) = Total Current Assets (A: Nov. 2021 ) / Total Current Liabilities (A: Nov. 2021 )
= 25144.515 / 1321.247
= 19.03
Current Ratio (Q: May. 2022 ) = Total Current Assets (Q: May. 2022 ) / Total Current Liabilities (Q: May. 2022 )
= 26490.509 / 1555.283
= 17.03
* 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 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.
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.
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 |
Other Sources
By Zacks 2022-03-21
By Zacks 2022-03-11
By Zacks 2022-03-21
By Zacks 2022-03-18
By tipranks.com 2022-03-17
By Zacks 2022-03-15
By Zacks 2022-03-16
By Zacks 2022-03-10
By Zacks 2022-04-05
By Zacks 2022-03-31
By Zacks 2022-03-22
By Zacks 2022-03-17
By Zacks 2022-03-24