Lennar Corporation (LEN)
Debt-to-capital ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 27,870,100 | 26,580,700 | 24,100,500 | 20,816,400 | 17,994,900 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $27,870,100K)
= 0.00
The debt-to-capital ratio of Lennar Corporation has consistently remained at 0.00 from November 30, 2020, to November 30, 2024. This indicates that the company's capital structure is predominantly financed by equity rather than debt. A debt-to-capital ratio of 0.00 signifies that the company has no debt in relation to its total capital, reflecting a low financial risk and a strong financial position. It suggests that Lennar Corporation has been effectively managing its debt levels and maintaining a healthy balance between debt and equity financing.
Peer comparison
Nov 30, 2024