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	5,203,680	5,527,710	5,980,190	5,792,620	3,143,670
Interest expense	US$ in thousands	18,771	257,893	1,023,930	213,917	22,401
Interest coverage		277.22	21.43	5.84	27.08	140.34

November 30, 2024 calculation

Interest coverage = EBIT ÷ Interest expense
= $5,203,680K ÷ $18,771K
= 277.22

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

277.22