Lennar Corporation (LEN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 41,312,800 | 39,741,000 | 38,667,700 | 38,951,200 | 39,234,300 | 37,438,100 | 36,857,700 | 36,573,200 | 37,984,300 | 35,339,900 | 34,306,200 | 32,635,300 | 33,207,800 | 32,744,200 | 31,223,200 | 30,552,000 | 29,935,200 | 29,315,300 | 29,309,000 | 29,173,700 |
| 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 |
| Financial leverage ratio | 1.48 | 1.45 | 1.44 | 1.46 | 1.48 | 1.46 | 1.47 | 1.50 | 1.58 | 1.54 | 1.59 | 1.58 | 1.60 | 1.59 | 1.59 | 1.62 | 1.66 | 1.71 | 1.77 | 1.82 |
November 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $41,312,800K ÷ $27,870,100K
= 1.48
The financial leverage ratio of Lennar Corporation has been showing a decreasing trend from February 2020 to November 2024. The ratio has gradually declined from 1.82 in February 2020 to 1.48 in November 2024. This indicates that the company's level of debt relative to its equity has been decreasing over the period, reflecting a potentially improved financial position and reduced financial risk. However, the ratio experienced some fluctuations during this period but overall trend suggests a decrease in leverage, which may indicate that Lennar Corporation has been managing its debt levels effectively.
Peer comparison
Nov 30, 2024