Lennar Corporation (LEN)
Current ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 29,072,600 | 31,323,800 | 26,745,200 | 21,962,700 | 4,353,140 |
| Total current liabilities | US$ in thousands | 1,839,440 | 1,631,400 | 1,616,130 | 1,321,250 | 1,037,340 |
| Current ratio | 15.81 | 19.20 | 16.55 | 16.62 | 4.20 |
November 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $29,072,600K ÷ $1,839,440K
= 15.81
The current ratio of Lennar Corporation has shown a strong increasing trend over the past five years, starting from 4.20 on November 30, 2020, and reaching a peak of 19.20 on November 30, 2023. This indicates that the company's current assets have consistently exceeded its current liabilities by a significant margin, reflecting a healthy liquidity position. However, there was a slight decrease to 15.81 on November 30, 2024, which implies a slight reduction in liquidity compared to the previous year but still remains at a relatively comfortable level. Overall, Lennar Corporation has maintained a robust current ratio, suggesting its ability to meet short-term obligations and potentially capitalize on opportunities for growth.
Peer comparison
Nov 30, 2024