Debt-to-EBITDA measures a company's ability to pay off its debt.
Lennar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2022 was $0 Mil. Lennar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2022 was $5,984 Mil. Lennar's annualized EBITDA for the quarter that ended in May. 2022 was $7,553 Mil.
Lennar's annualized Debt-to-EBITDA for the quarter that ended in May. 2022 was 0.79.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Lennar's Debt-to-EBITDA or its related term are showing as below:
LEN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.97 Med: 4.89 Max: 14.7
Current: 0.97
During the past 13 years, the highest Debt-to-EBITDA Ratio of Lennar was 14.70. The lowest was 0.97. And the median was 4.89.
LEN's Debt-to-EBITDA is ranked better than 76.34% of 93
companies
in the Homebuilding & Construction industry
Industry Median: 2.60
vs LEN: 0.97
Lennar Debt-to-EBITDA Historical Data
The historical data trend for Lennar's Debt-to-EBITDA 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
Debt-to-EBITDA
5.67
4.28
3.72
2.29
1.22
Lennar Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Debt-to-EBITDA
1.45
1.22
0.89
1.32
0.79
Competitive Comparison
For the Residential Construction subindustry, Lennar's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Lennar's Debt-to-EBITDA falls into.
Lennar Debt-to-EBITDA Calculation
Debt-to-EBITDA measures a company's ability to pay off its debt.
Lennar's Debt-to-EBITDA for the fiscal year that ended in Nov. 2021 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. * 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (May. 2022) EBITDA data.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Lennar Debt-to-EBITDA Related Terms
Thank you for viewing the detailed overview of Lennar's Debt-to-EBITDA 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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