Lennar Corporation (LEN)
Debt-to-assets ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 41,312,800 | 39,234,300 | 37,984,300 | 33,207,800 | 29,935,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $41,312,800K
= 0.00
Lennar Corporation's debt-to-assets ratio has consistently been at 0.00 from November 30, 2020, to November 30, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are primarily funded through equity or other sources of financing, rather than debt. Consequently, Lennar Corporation's financial structure appears to be relatively low-risk in terms of debt leverage, which may provide stability and flexibility in its operations and financial position.
Peer comparison
Nov 30, 2024