Lennar Corporation (LEN)
Interest coverage
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 5,149,930 | 5,177,870 | 5,978,030 | 5,785,840 | 3,482,210 |
| Interest expense | US$ in thousands | 148 | -1,651 | -2,163 | -6,775 | -24,775 |
| Interest coverage | 34,796.82 | — | — | — | — |
November 30, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $5,149,930K ÷ $148K
= 34,796.82
The interest coverage ratio for Lennar Corporation, as per the provided data, appears to be undefined or not available for the financial years ending November 30, 2020 to November 30, 2023. However, as of November 30, 2024, the interest coverage ratio stands at a substantial 34,796.82. This exceptionally high figure indicates that Lennar Corporation has more than sufficient earnings to cover its interest expenses, reflecting a strong ability to meet its debt obligations from its operating profits.
Peer comparison
Nov 30, 2024
Company name
Symbol
Interest coverage
Lennar Corporation
LEN
34,796.82
Fortune Brands Innovations Inc.
FBIN
5.28
Installed Building Products Inc
IBP
10.00