Lennar Corporation (LEN)
Current ratio
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 26,488,900 | 27,530,100 | 26,797,300 | 26,330,200 | 26,268,300 | 26,745,200 | 24,849,900 | 23,941,300 | 22,442,500 | 21,962,700 | 4,033,730 | 3,753,020 | 3,663,400 | 4,353,140 | 3,296,310 | 2,805,280 | 2,223,180 | 3,090,940 | 22,139,600 | 21,833,500 |
| Total current liabilities | US$ in thousands | 6,207,900 | 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 | 1,069,180 | 1,092,710 | 1,243,640 |
| Current ratio | 4.27 | 16.88 | 15.57 | 15.48 | 17.62 | 16.55 | 16.01 | 15.39 | 16.99 | 16.62 | 3.28 | 3.20 | 3.53 | 4.20 | 2.89 | 2.71 | 1.88 | 2.89 | 20.26 | 17.56 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $26,488,900K ÷ $6,207,900K
= 4.27
The current ratio of Lennar Corporation has shown significant fluctuations over the past several quarters. Based on the data provided, the current ratio has ranged from as low as 1.88 to as high as 20.26. The current ratio measures a company's ability to cover its short-term liabilities with its current assets.
In recent quarters, the current ratio has been consistently high, ranging from 15.39 to 17.62. This indicates that Lennar Corporation has a strong ability to meet its short-term obligations with its current assets. A current ratio above 2 is generally considered healthy, and the company's current ratios in recent quarters far exceed this threshold.
However, there are outliers in the data, such as a current ratio of 1.88 and 2.71, which are notably lower than the other values. It's important to analyze the reasons behind these fluctuations to understand the underlying financial health of the company during those specific quarters.
Overall, the current ratio of Lennar Corporation has been strong in recent quarters, reflecting a healthy liquidity position and the company's ability to meet its short-term obligations comfortably.
Peer comparison
Feb 29, 2024