Lennar Corporation (LEN)
Debt-to-assets ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 39,234,300 | 37,984,300 | 33,207,800 | 29,935,200 | 29,359,500 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $39,234,300K
= 0.00
The debt-to-assets ratio of Lennar Corp. has been declining over the past five years, indicating an improving financial position in terms of leverage. The ratio decreased from 0.33 in 2019 to 0.13 in 2023, suggesting that the company has reduced its reliance on debt to finance its assets. This downward trend may signify improved financial stability and lower default risk, as a lower ratio implies a higher proportion of assets being financed by equity. It also indicates that the company has been effectively managing its debt levels in relation to its total assets, which could enhance its creditworthiness and ability to invest in new projects or opportunities. Overall, the declining trend in the debt-to-assets ratio reflects a positive trajectory for Lennar Corp.'s financial leverage and potentially positions the company to capitalize on future growth prospects.
Peer comparison
Nov 30, 2023