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 Feb. 2022 was $0 Mil. Lennar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2022 was $5,854 Mil. Lennar's annualized EBITDA for the quarter that ended in Feb. 2022 was $4,452 Mil.
Lennar's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2022 was 1.31.
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: 1.07 Med: 4.89 Max: 14.7
Current: 1.07
During the past 13 years, the highest Debt-to-EBITDA Ratio of Lennar was 14.70. The lowest was 1.07. And the median was 4.89.
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.
|
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
|
|
May17 |
Aug17 |
Nov17 |
Feb18 |
May18 |
Aug18 |
Nov18 |
Feb19 |
May19 |
Aug19 |
Nov19 |
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
| Debt-to-EBITDA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.96 |
1.45 |
1.22 |
0.89 |
1.32 |
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
Lennar's annualized Debt-to-EBITDA for the quarter that ended in Feb. 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.
* 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 (Feb. 2022) EBITDA data.
Lennar Business Description
Traded in Other Exchanges
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
| Bessette Diane J |
officer: VP/CFO/Treasurer |
LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172 |
| Collins David M |
officer: Controller |
LENNAR CORPORATION 700 NW 107 AVENUE STE 400 MIAMI FL 33172 |
| Jaffe Jonathan M |
director, officer: President |
LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172 |
| Mccall Jeffrey Joseph |
officer: Executive Vice President |
26 TECHNOLOGY DRIVE IRVINE CA 92618 |
| Stowell Scott D |
director |
PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STOWELL SCOTT D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
| Gerard Steven L |
director |
P.O. BOX 554 MILWAUKEE WI 53201-0554 |
| Bolotin Irving |
director |
LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172 |
| Sustana Mark |
officer: VP/General Counsel/Secretary |
LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172 |
| Beckwitt Richard |
director, officer: Chief Executive Officer |
LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172 |
| Olivera Armando J |
director |
C/O FLUOR CORPORATION 6700 LAS COLINAS BLVD IRVING TX 75039 |
| Gilliam Theron I |
director |
GMS INC. 100 CRESCENT CENTRE PARKWAY, SUITE 800 TUCKER 2Q 30084 |
| Mcclure Teri P |
director |
55 GLENLAKE PARKWAY NE ATLANTA GA 30328 |
| Sonnenfeld Jeffrey |
director |
14 WALL ST 13TH FL NEW YORK NY 10005 |
| Hudson Sherrill W |
director |
201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131 |
| Lapidus Sidney |
director |
466 LEXINGTON AVENUE FLOOR NEW YORK NY 10017 |
Lennar Headlines
By tipranks.com 2022-03-17
By tipranks.com 2022-03-22
By tipranks.com 2022-03-18
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