Lennar Corporation (LEN)
Debt-to-equity ratio
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | 15,949,500 | 15,371,900 | 15,159,300 |
| Debt-to-equity 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 |
February 29, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $26,647,800K
= 0.00
The debt-to-equity ratio of Lennar Corporation has consistently been reported as 0.00 in the financial statements for the past few years, indicating that the company has not used any debt to finance its operations relative to its equity. This implies that Lennar has been primarily relying on equity financing to support its activities. A debt-to-equity ratio of 0.00 is uncommon and could suggest a cautious approach to leverage, as the company may be prioritizing financial stability and avoiding high levels of debt. It is important to note that while a low debt-to-equity ratio can imply lower financial risk, it may also suggest limited growth opportunities or underutilization of debt for potential expansion or investment. Further insights into Lennar's capital structure policies and financial strategies would be needed to fully assess the implications of such consistently low debt-to-equity ratios over time.
Peer comparison
Feb 29, 2024