Lennar Corporation (LEN)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,327,268 | 5,177,871 | 5,135,641 | 5,487,511 | 6,088,351 | 6,110,444 | 5,951,194 | 6,057,124 | 5,506,664 | 6,153,590 | 5,836,560 | 4,863,734 | 4,421,662 | 3,482,201 | 3,203,830 | 3,011,854 | 2,887,338 | 2,775,406 | 3,030,717 | 2,836,937 |
| Interest expense (ttm) | US$ in thousands | -774 | -1,651 | -3,045 | -2,895 | -2,511 | -2,163 | -1,830 | -3,016 | -4,904 | -6,775 | -12,400 | -15,654 | -20,193 | -24,775 | -25,001 | -26,714 | -26,105 | -26,210 | -25,635 | -24,895 |
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
February 29, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $5,327,268K ÷ $-774K
= —
The interest coverage ratio for Lennar Corporation is not provided in the table for the periods listed. As a result, a comprehensive analysis of the company's interest coverage based on the available data cannot be conducted. This ratio is a crucial metric that indicates a company's ability to pay interest expenses on its outstanding debt. A higher interest coverage ratio signifies a healthier financial position, as it suggests the company can easily meet its interest obligations. Monitoring the interest coverage ratio over time can provide insights into the company's financial health and its ability to service its debt.
Peer comparison
Feb 29, 2024