Lennar Corporation (LEN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 38,951,200 | 39,234,300 | 37,438,100 | 36,857,700 | 36,573,200 | 37,984,300 | 35,339,900 | 34,306,200 | 32,635,300 | 33,207,800 | 32,744,200 | 31,223,200 | 30,552,000 | 29,935,200 | 29,315,300 | 29,309,000 | 29,173,700 | 29,359,500 | 29,459,400 | 29,583,100 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $38,951,200K
= 0.00
The debt-to-assets ratio of Lennar Corporation has consistently been reported as 0.00 for the past several periods, indicating that the company has not had any debt on its balance sheet relative to its total assets. This implies that Lennar has been financing its operations primarily through equity and retained earnings rather than taking on debt. A debt-to-assets ratio of 0.00 reflects a strong financial position and low financial risk, as the company is not relying on borrowed funds to support its assets. Investors and creditors typically view a low or zero debt-to-assets ratio favorably, as it suggests a solid financial structure and reduced vulnerability to financial distress. Moving forward, it will be important to monitor any changes in this ratio to assess Lennar's capital structure and financial stability.
Peer comparison
Feb 29, 2024