Lennar
Lennar debt and dilution—
Borrowings, liquidity, share count and stock-based dilution.
Total debt
USD millions
Cash & equivalents
USD millions
Net debt
USD millions
Debt / equity
×
Debt / assets
%
Net debt / EBITDA
× · TTM
Debt / FCF
× · TTM
Interest coverage
× · TTM
Current ratio
×
The reported inputs required for this metric are unavailable in the extracted statements for this period.
Diluted shares
Million shares
Basic shares
Million shares
Share count growth
%
Share repurchases
USD millions
Quarterly data
| Fiscal period | Ended | Total debtUSD millions | Cash & equivalentsUSD millions | Net debtUSD millions | Debt / equity× | Debt / assets% | Net debt / EBITDA× | Debt / FCF× | Interest coverage× | Current ratio× | Diluted sharesMillion shares | Basic sharesMillion shares | Share count growth% | Share repurchasesUSD millions |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Aug 31, 2026 | — | — | — | — | — | — | — | — | — | 237.76 | 237.76 | -6.98% | 255.9 |
| FY 2026 Q2 | May 31, 2026 | — | — | — | — | — | — | — | — | — | 240.78 | 240.78 | -7.5% | 467.09 |
| FY 2026 Q1 | Feb 28, 2026 | — | — | — | — | — | — | — | — | — | 244.44 | 244.44 | -6.96% | 269.71 |
| FY 2025 Q4 | Nov 30, 2025 | 5,875 | 3,756.31 | 2,118.69 | 0.27× | 17.06% | 0.7× | 208.46× | — | — | — | 252.34 | 5.17% | 0.06 |
| FY 2025 Q3 | Aug 31, 2025 | — | — | — | — | — | — | — | — | — | 255.6 | 255.6 | -8.41% | 512.42 |
| FY 2025 Q2 | May 31, 2025 | — | — | — | — | — | — | — | — | — | 260.29 | 260.29 | -7.94% | 521.42 |
| FY 2025 Q1 | Feb 28, 2025 | — | — | — | — | — | — | — | — | — | 262.73 | 262.73 | -8.16% | 774.48 |
| FY 2024 Q4 | Nov 30, 2024 | 4,189.24 | 4,909.66 | -720.43 | 0.15× | 10.14% | -0.14× | 1.88× | — | — | 239.94 | 239.94 | -16.87% | 527.16 |
| FY 2024 Q3 | Aug 31, 2024 | — | — | — | — | — | — | — | — | — | 279.08 | 279.08 | -4.49% | 524.6 |
| FY 2024 Q2 | May 31, 2024 | — | — | — | — | — | — | — | — | — | 282.74 | 282.74 | -3.93% | 609.61 |
| FY 2024 Q1 | Feb 29, 2024 | — | — | — | — | — | — | — | — | — | 286.09 | 286.09 | -3.19% | 595.1 |
| FY 2023 Q4 | Nov 30, 2023 | — | — | — | — | — | — | — | — | — | 288.65 | 288.65 | -2.76% | 341.1 |
| FY 2023 Q3 | Aug 31, 2023 | — | — | — | — | — | — | — | — | — | 292.19 | 292.19 | -1.82% | 376.31 |
| FY 2023 Q2 | May 31, 2023 | — | — | — | — | — | — | — | — | — | 294.31 | 294.31 | -1.72% | 207.34 |
| FY 2023 Q1 | Feb 28, 2023 | — | — | — | — | — | — | — | — | — | 295.51 | 295.51 | -2.67% | 257.96 |
| FY 2022 Q4 | Nov 30, 2022 | — | — | — | — | — | — | — | — | — | 296.83 | 296.83 | -4.6% | 120.63 |
| FY 2022 Q3 | Aug 31, 2022 | — | — | — | — | — | — | — | — | — | 297.62 | 297.62 | -6.24% | 13.14 |
| FY 2022 Q2 | May 31, 2022 | — | — | — | — | — | — | — | — | — | 299.46 | 299.46 | -6.15% | 324.24 |
| FY 2022 Q1 | Feb 28, 2022 | — | — | — | — | — | — | — | — | — | 303.63 | 303.63 | -4.88% | 581.3 |
| FY 2021 Q4 | Nov 30, 2021 | — | — | — | — | — | — | — | — | — | 311.16 | 311.16 | -2.56% | 977.7 |
| FY 2021 Q3 | Aug 31, 2021 | 6,650.87 | 2,779.14 | 3,871.73 | 0.32× | 20.31% | 0.65× | 2.62× | — | — | 317.44 | 317.44 | -0.52% | 278.86 |
| FY 2021 Q2 | May 31, 2021 | 6,824.43 | 2,737.58 | 4,086.85 | 0.35× | 21.86% | 0.82× | 1.94× | — | — | 319.09 | 319.09 | 0.17% | 104.16 |
| FY 2021 Q1 | Feb 28, 2021 | 6,941.14 | 2,568.8 | 4,372.35 | 0.36× | 22.72% | 0.97× | 1.68× | — | — | 319.22 | 319.22 | -0.7% | 69.48 |
| FY 2020 Q4 | Nov 30, 2020 | 7,421.58 | 2,863.04 | 4,558.55 | 0.41× | 24.79% | 1.27× | 1.8× | — | — | 319.35 | 319.35 | -1.51% | 2.54 |
| FY 2020 Q3 | Aug 31, 2020 | 8,138.59 | 2,209.13 | 5,929.46 | 0.47× | 27.76% | 1.67× | 2.02× | — | — | 319.08 | 319.08 | -2.9% | 22.9 |
| FY 2020 Q2 | May 31, 2020 | 8,937.38 | 1,641.92 | 7,295.46 | 0.54× | 30.49% | 2.24× | 2.83× | — | — | 318.55 | 318.55 | -3.73% | 0.11 |
| FY 2020 Q1 | Feb 29, 2020 | 9,120.83 | 1,052.48 | 8,068.35 | 0.56× | 31.26% | 2.64× | 3.94× | — | — | 321.49 | 321.48 | -3.15% | 295.99 |
| FY 2019 Q4 | Nov 30, 2019 | 9,573.7 | 1,446 | 8,127.7 | 0.6× | 32.61% | 2.83× | 6.86× | — | — | 324.25 | 324.25 | -3.66% | 103.75 |
| FY 2019 Q3 | Aug 31, 2019 | — | — | — | — | — | — | — | — | — | 328.6 | 328.6 | -2.78% | 318.09 |
| FY 2019 Q2 | May 31, 2019 | — | — | — | — | — | — | — | — | — | 330.9 | 330.9 | -1.52% | 52.09 |
| FY 2019 Q1 | Feb 28, 2019 | — | — | — | — | — | — | — | — | — | 331.95 | 331.94 | 26.68% | 49.14 |
| FY 2018 Q4 | Nov 30, 2018 | — | 1,558.46 | — | — | — | — | — | — | — | 336.57 | 336.55 | 35.92% | 250.34 |
| FY 2018 Q3 | Aug 31, 2018 | — | 1,048.42 | — | — | — | — | — | — | — | 338.04 | 338.01 | 38.28% | 20.96 |
| FY 2018 Q2 | May 31, 2018 | — | 1,153.85 | — | — | — | — | — | — | — | 337.6 | 335.99 | 37.73% | 3.17 |
| FY 2018 Q1 | Feb 28, 2018 | — | 1,029.59 | — | — | — | — | — | — | — | 262.84 | 262.04 | 7.42% | 25.36 |
| FY 2017 Q4 | Nov 30, 2017 | — | 2,650.87 | — | — | — | — | — | — | — | 247.6 | 247.61 | 4.15% | 0.05 |
| FY 2017 Q3 | Aug 31, 2017 | — | 837.73 | — | — | — | — | — | — | — | 244.44 | 244.44 | 4.08% | 27.02 |
| FY 2017 Q2 | May 31, 2017 | — | 983.97 | — | — | — | — | — | — | — | 243.96 | 243.96 | 8.72% | 0 |
| FY 2017 Q1 | Feb 28, 2017 | — | 929.06 | — | — | — | — | — | — | — | 243.94 | 243.93 | 10.42% | 0.08 |
| FY 2016 Q4 | Nov 30, 2016 | — | 1,329.53 | — | — | — | — | — | 337.88× | — | 243.95 | 237.74 | 6.23% | 0.03 |
| FY 2016 Q3 | Aug 31, 2016 | — | 816.1 | — | — | — | — | — | 7.2× | — | 243.54 | 234.85 | 8.29% | 18.9 |
| FY 2016 Q2 | May 31, 2016 | — | 815.48 | — | — | — | — | — | 7.03× | — | 241.54 | 224.4 | 5.23% | 0.75 |
| FY 2016 Q1 | Feb 29, 2016 | — | 720.46 | — | — | — | — | — | — | — | 240.49 | 220.92 | — | 0.22 |
| FY 2015 Q4 | Nov 30, 2015 | — | 1,158.45 | — | — | — | — | — | 6.48× | — | 243.04 | 223.79 | — | 0.06 |
| FY 2015 Q3 | Aug 31, 2015 | — | 805.29 | — | — | — | — | — | — | — | 242.2 | 216.88 | — | 22.16 |
| FY 2015 Q2 | May 31, 2015 | — | 920.16 | — | — | — | — | — | — | — | 242.72 | 213.25 | — | 0.79 |
| FY 2015 Q1 | Feb 28, 2015 | — | 818.43 | — | — | — | — | — | — | — | 241.96 | — | — | 0.19 |
| FY 2014 Q4 | Nov 30, 2014 | — | 1,281.81 | — | — | — | — | — | 5.69× | — | 240.68 | — | — | 8.27 |
| FY 2014 Q3 | Aug 31, 2014 | — | 833.51 | — | — | — | — | — | — | — | 239.77 | — | — | 11.59 |
| FY 2014 Q2 | May 31, 2014 | — | 960.24 | — | — | — | — | — | — | — | 239.54 | — | — | 0.57 |
| FY 2014 Q1 | Feb 28, 2014 | — | 874.3 | — | — | — | — | — | — | — | 239.14 | — | — | 0 |
| FY 2013 Q4 | Nov 30, 2013 | — | 970.51 | — | — | — | — | — | 3.86× | — | 237.08 | — | — | 12.51 |
| FY 2013 Q3 | Aug 31, 2013 | — | 571.77 | — | — | — | — | — | — | — | 236.73 | — | — | 0.11 |
| FY 2013 Q2 | May 31, 2013 | — | 891.68 | — | — | — | — | — | — | — | 238.11 | — | — | — |
| FY 2013 Q1 | Feb 28, 2013 | — | 1,242.12 | — | — | — | — | — | — | — | 237.44 | — | — | — |
| FY 2012 Q4 | Nov 30, 2012 | — | 1,310.74 | — | — | — | — | — | 1.93× | — | 234.71 | — | — | 17.15 |
| FY 2012 Q3 | Aug 31, 2012 | — | 845.16 | — | — | — | — | — | — | — | 230.68 | — | — | 0 |
| FY 2012 Q2 | May 31, 2012 | — | 829.38 | — | — | — | — | — | — | — | 229.03 | — | — | — |
| FY 2012 Q1 | Feb 29, 2012 | — | 922.91 | — | — | — | — | — | — | — | 224.62 | — | — | — |
| FY 2011 Q4 | Nov 30, 2011 | — | 1,163.6 | — | — | — | — | — | 1.19× | — | 0.21 | — | — | 5.7 |
| FY 2011 Q3 | Aug 31, 2011 | — | 927.33 | — | — | — | — | — | — | — | 0.21 | — | — | 0.02 |
| FY 2011 Q2 | May 31, 2011 | — | 1,131.45 | — | — | — | — | — | — | — | 205.18 | — | — | — |
| FY 2011 Q1 | Feb 28, 2011 | — | 1,206.59 | — | — | — | — | — | — | — | 204.71 | — | — | — |
| FY 2010 Q4 | Nov 30, 2010 | — | 1,394.14 | — | — | — | — | — | 1.31× | — | 795.21 | — | — | 0 |
| FY 2010 Q3 | Aug 31, 2010 | — | 1,037.53 | — | — | — | — | — | — | — | 0.2 | — | — | 0.01 |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.
Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.
Market prices: Yahoo Finance · LEN, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- Total debt
- Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
- Cash & equivalents
- Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
- Net debt
- Total debt − cash and equivalents. Negative means net cash.
- Debt / equity
- Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
- Debt / assets
- Total debt / total assets × 100.
- Net debt / EBITDA
- Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
- Debt / FCF
- Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
- Interest coverage
- TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
- Current ratio
- Current assets / positive current liabilities.
- Diluted shares
- Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
- Basic shares
- Reported weighted average basic shares, normalized for subsequent recorded stock splits.
- Share count growth
- Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
- Share repurchases
- Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.