Lennar Corporation (LEN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 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 | 1.84 | 1.92 | 1.95 |
Lennar Corporation's solvency ratios have shown consistency in terms of the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, all consistently at 0.00 over the periods provided. This indicates the company has not taken on any long-term debt relative to its assets, capital, or equity during these periods.
However, the financial leverage ratio has fluctuated over the periods, ranging from 1.46 to 1.95. The increasing trend in the financial leverage ratio suggests that the company has taken on more debt in relation to its equity over time, indicating a higher level of financial risk. It's important for stakeholders to closely monitor this ratio as it may impact the company's financial stability and ability to meet its obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Interest coverage ratio for Lennar Corporation is not available in the provided data. This ratio is a measure of a company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio indicates the company is more capable of meeting its interest payments, while a lower ratio may signal potential financial distress. Without the specific values for interest coverage, it is not possible to assess Lennar Corporation's ability to cover its interest expenses with its operating income.