Lennar Corporation (LEN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $27,870,100K
= 0.00
As per the provided data, Lennar Corporation has consistently maintained a debt-to-equity ratio of 0.00 over the past five years. This indicates that the company has an equal balance of debt and equity in its capital structure, with no significant financial leverage. A debt-to-equity ratio of 0.00 typically suggests that the company is financing its operations primarily through equity rather than debt. It may imply a conservative approach to managing its financial obligations and risks, as the absence of debt indicates lower financial leverage and potentially lower interest expenses. However, it's important to note that a zero debt-to-equity ratio may also signal limited access to debt financing for potential growth opportunities. Overall, the consistent 0.00 debt-to-equity ratio for Lennar Corporation indicates a stable and balanced capital structure, with a lower reliance on debt financing.
Peer comparison
Nov 30, 2024