Lennar Corporation (LEN)
Cash ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,990,210 | 6,570,940 | 4,815,770 | 2,955,680 | 2,863,040 |
| Short-term investments | US$ in thousands | 3,625,370 | 37,953 | 35,482 | 41,654 | 53,497 |
| Total current liabilities | US$ in thousands | 1,839,440 | 1,631,400 | 1,616,130 | 1,321,250 | 1,037,340 |
| Cash ratio | 4.68 | 4.05 | 3.00 | 2.27 | 2.81 |
November 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,990,210K
+ $3,625,370K)
÷ $1,839,440K
= 4.68
The cash ratio of Lennar Corporation has shown a fluctuating trend over the years based on the provided data. Starting from 2.81 in November 30, 2020, the cash ratio decreased to 2.27 by November 30, 2021. However, there was an improvement in the cash ratio in the following years, reaching 3.00 on November 30, 2022, 4.05 on November 30, 2023, and further increasing to 4.68 by November 30, 2024.
Overall, Lennar Corporation's cash ratio has exhibited a positive trend in recent years, indicating the company's ability to cover its short-term liabilities with its available cash and cash equivalents has strengthened. This trend suggests that the company may have enhanced liquidity and financial stability during the period under review.
Peer comparison
Nov 30, 2024