Lennar (Lennar) Debt-to-Equity : 0.17 (As of Feb. 2024)

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What is Lennar Debt-to-Equity?

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

Lennar Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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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	Get a 7-Day Free Trial															0.21	0.20	0.18	0.19	0.17

Competitive Comparison of Lennar's Debt-to-Equity

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's Debt-to-Equity Distribution in the Homebuilding & Construction Industry

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.B) 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.B) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LEN: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.