Lennar annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2025
Lennar Debt-to-Equity Ratio Growth & History (LEN)
Lennar's debt-to-equity ratio was 0.28 for fiscal 2025.
View full Lennar company overviewLennar annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-11-30 | 0.28 | 0.12 | +75.04% |
| 2024 | 2024-11-30 | 0.16 | 0.15 | +2651.91% |
| 2023 | 2023-11-30 | 0.01 | −0.00 | −11.93% |
| 2022 | 2022-11-30 | 0.01 | −0.00 | −16.10% |
| 2021 | 2021-11-30 | 0.01 | −0.41 | −98.13% |
| 2020 | 2020-11-30 | 0.42 | −0.18 | −30.15% |
| 2019 | 2019-11-30 | 0.60 | — | — |
Lennar quarterly debt-to-equity ratio
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-05-31 | 0.01 | −0.00 | −8.31% |
| Q1 2026 | 2026-02-28 | 0.01 | 0.00 | +1.35% |
| Q4 2025 | 2025-11-30 | 0.28 | 0.12 | +75.04% |
| Q3 2025 | 2025-08-31 | 0.01 | 0.00 | +43.85% |
| Q2 2025 | 2025-05-31 | 0.01 | 0.01 | +94.97% |
| Q1 2025 | 2025-02-28 | 0.01 | 0.01 | +166.48% |
| Q4 2024 | 2024-11-30 | 0.16 | 0.15 | +2651.91% |
| Q3 2024 | 2024-08-31 | 0.01 | 0.00 | +49.16% |
| Q2 2024 | 2024-05-31 | 0.01 | 0.00 | +2.77% |
| Q1 2024 | 2024-02-29 | 0.00 | −0.00 | −32.15% |
| Q4 2023 | 2023-11-30 | 0.01 | −0.00 | −11.93% |
| Q3 2023 | 2023-08-31 | 0.01 | −0.00 | −18.58% |
| Q2 2023 | 2023-05-31 | 0.01 | −0.00 | −19.84% |
| Q1 2023 | 2023-02-28 | 0.01 | −0.00 | −20.07% |
| Q4 2022 | 2022-11-30 | 0.01 | −0.00 | −16.10% |
| Q3 2022 | 2022-08-31 | 0.01 | −0.32 | −97.88% |
| Q2 2022 | 2022-05-31 | 0.01 | −0.35 | −97.94% |
| Q1 2022 | 2022-02-28 | 0.01 | −0.37 | −97.93% |
| Q4 2021 | 2021-11-30 | 0.01 | −0.41 | −98.13% |
| Q3 2021 | 2021-08-31 | 0.33 | −0.15 | −31.46% |
| Q2 2021 | 2021-05-31 | 0.36 | −0.19 | −34.91% |
| Q1 2021 | 2021-02-28 | 0.38 | −0.20 | −34.84% |
| Q4 2020 | 2020-11-30 | 0.42 | −0.18 | −30.15% |
| Q3 2020 | 2020-08-31 | 0.48 | — | — |
| Q2 2020 | 2020-05-31 | 0.55 | — | — |
| Q1 2020 | 2020-02-29 | 0.58 | — | — |
| Q4 2019 | 2019-11-30 | 0.60 | — | — |
Lennar debt-to-equity ratio trends
Over the last five fiscal years, Lennar's debt-to-equity ratio decreased from 0.42 to 0.28, a change of −0.14. The latest reported quarter, Q2 2026, shows 0.01.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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