Lennar Corporation (LEN)
Debt-to-equity ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 26,580,700 | 24,100,500 | 20,816,400 | 17,994,900 | 15,949,500 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $26,580,700K
= 0.00
The debt-to-equity ratio of Lennar Corp. has exhibited a decreasing trend over the past five years, indicating a favorable shift in the company's capital structure. The ratio decreased from 0.60 in 2019 to 0.19 in 2023. This reflects a reduction in the company's reliance on debt financing relative to equity. A lower debt-to-equity ratio suggests a lower level of financial leverage and a stronger financial position, as the company is financing a greater portion of its assets through equity. This trend may be indicative of improved financial stability and reduced risk for the company. Overall, the declining debt-to-equity ratio indicates a more conservative approach to financing, which could enhance the company's ability to weather economic downturns and pursue growth opportunities.
Peer comparison
Nov 30, 2023