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Lennar Debt-to-EBITDA

: 0.79 (As of May. 2022)
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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
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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 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 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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 6378.364) / 5224.212
=1.22

Lennar's annualized Debt-to-EBITDA for the quarter that ended in May. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 5984.387) / 7552.588
=0.79

* 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.


Lennar  (NYSE:LEN) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


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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