Lennar Corporation (LEN)
Debt-to-capital ratio
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 27,870,100 | 27,412,500 | 26,877,900 | 26,647,800 | 26,580,700 | 25,656,600 | 25,015,100 | 24,418,300 | 24,100,500 | 22,977,300 | 21,598,300 | 20,679,100 | 20,816,400 | 20,650,200 | 19,576,100 | 18,896,200 | 17,994,900 | 17,172,100 | 16,542,700 | 16,044,600 |
| Debt-to-capital 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 |
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 for Lennar Corporation has consistently remained at 0.00 from February 29, 2020, to November 30, 2024. This indicates that the company has not had any debt in its capital structure relative to its total capital over this period. A debt-to-capital ratio of 0.00 suggests that the company has been financing its operations and investments primarily through equity rather than debt.
It's important to note that a low or zero debt-to-capital ratio could be a positive indicator, as it implies lower financial risk and potentially stronger financial stability. However, it also suggests that the company may not be taking advantage of the potential benefits of leverage, such as tax deductions on interest payments.
Overall, Lennar Corporation's consistent debt-to-capital ratio of 0.00 reflects a conservative approach to capital structure management with a focus on equity financing.
Peer comparison
Nov 30, 2024