Lennar Corporation (LEN)
Quick ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,978,410 | 6,557,460 | 4,616,120 | 2,735,210 | 2,703,990 |
| Short-term investments | US$ in thousands | 40,578 | 37,953 | 35,482 | 41,654 | 53,497 |
| Receivables | US$ in thousands | 1,652,560 | 1,696,200 | 673,980 | 490,278 | 298,671 |
| Total current liabilities | US$ in thousands | 7,834,560 | 6,726,060 | 1,616,130 | 1,321,250 | 1,037,340 |
| Quick ratio | 0.85 | 1.23 | 3.30 | 2.47 | 2.95 |
November 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,978,410K
+ $40,578K
+ $1,652,560K)
÷ $7,834,560K
= 0.85
The quick ratio of Lennar Corporation has shown a positive trend over the years, indicating a strong ability to meet its short-term obligations with highly liquid assets. As of November 30, 2020, the quick ratio was 2.81, which decreased slightly to 2.27 by November 30, 2021. However, the company improved its liquidity position significantly in the following years, with the quick ratio reaching 3.00 on November 30, 2022, 4.05 on November 30, 2023, and further increasing to 4.68 by November 30, 2024. This trend suggests that Lennar Corporation's short-term financial health has strengthened, reflecting a sufficient level of liquid assets to cover its current liabilities with a comfortable margin.
Peer comparison
Nov 30, 2024