Lennar Corporation (LEN)
Cash ratio
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,990,210 | 4,311,140 | 3,921,380 | 5,261,470 | 6,570,940 | 4,124,030 | 4,315,840 | 4,274,160 | 4,815,770 | 1,551,330 | 1,553,410 | 1,605,570 | 2,955,680 | 2,779,140 | 2,737,580 | 2,568,800 | 2,863,040 | 2,209,130 | 1,641,920 | 1,052,480 |
| Short-term investments | US$ in thousands | 40,578 | 40,090 | 2,754,820 | 2,408,880 | 37,953 | 37,114 | 36,906 | 36,332 | 35,482 | 35,163 | 34,822 | 34,760 | 41,654 | 41,695 | 41,563 | 41,247 | 53,497 | 53,770 | 745,894 | 61,324 |
| Total current liabilities | US$ in thousands | 5,403,370 | 1,788,120 | 2,659,070 | 2,447,750 | 1,631,400 | 1,721,530 | 1,700,900 | 1,490,810 | 1,616,130 | 1,552,580 | 1,555,280 | 1,321,150 | 1,321,250 | 1,230,580 | 1,171,360 | 1,037,270 | 1,037,340 | 1,140,340 | 1,033,560 | 1,180,710 |
| Cash ratio | 0.93 | 2.43 | 2.51 | 3.13 | 4.05 | 2.42 | 2.56 | 2.89 | 3.00 | 1.02 | 1.02 | 1.24 | 2.27 | 2.29 | 2.37 | 2.52 | 2.81 | 1.98 | 2.31 | 0.94 |
November 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,990,210K
+ $40,578K)
÷ $5,403,370K
= 0.93
The cash ratio of Lennar Corporation has shown fluctuations over the period from February 2020 to November 2024. It is calculated by dividing cash and cash equivalents by current liabilities, indicating the company's ability to cover its short-term obligations with its available cash.
The cash ratio was at its lowest in February 2020 at 0.94, suggesting that the company had limited cash on hand to cover its current liabilities. There was a significant improvement by November 2023 where the cash ratio reached 4.05, indicating the company had a substantial amount of cash available relative to its current liabilities.
Throughout the period, the cash ratio generally trended upwards from the lowest point in February 2020 to the peak in November 2023, demonstrating an increased ability to cover short-term obligations with available cash. However, there was a slight decline by the end of November 2024, with the ratio dropping to 0.93.
Overall, the varying cash ratio of Lennar Corporation reflects changes in the company's liquidity position over time, highlighting the importance of monitoring cash levels to ensure sufficient funds are available to meet short-term financial obligations.
Peer comparison
Nov 30, 2024