Lennar Corporation (LEN)

Debt-to-capital ratio

Nov 30, 2025 Nov 30, 2024 Nov 30, 2023 Nov 30, 2022 Nov 30, 2021
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 21,959,400 27,870,100 26,580,700 24,100,500 20,816,400
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

November 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $21,959,400K)
= 0.00