Lennar (LEN.B) Balance Sheet: Assets & Liabilities

Lennar (LEN.B) Balance Sheet

As of Nov 30, 2025 (end of fiscal 2025), Lennar reported total assets of $34.43B and total liabilities of $12.29B. Shareholders' equity was $22.14B, down 20.6% from $27.87B a year earlier. Total debt stood at $4.54B against $3.50B in cash and short-term investments, a net debt position of $1.04B. That puts debt-to-equity at 0.20, compared with 0.15 a year earlier.

Lennar Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Lennar Corporation (LEN.B) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021
Current Assets
Cash and Cash Equivalents	3.50	4.91	6.47	4.78	2.75
Short-Term Investments	0.02	0.04	0.04	0.04	0.02
Cash & Short-Term Investments	3.50	4.95	6.51	4.81	2.75
Accounts Receivable	1.00	1.50	1.45	1.43	0.49
Inventory	11.84	20.31	18.90	20.10	19.17
Other Current Assets	11.56	9.34	7.61	7.03	5.74
Total Current Assets	25.75	29.31	29.35	28.39	25.10
Non-Current Assets
Property, Plant & Equipment (Net)	0.64	4.17	2.44	2.12	0.34
Long-Term Investments	1.55	2.23	2.02	2.14	0.97
Goodwill	3.44	3.63	3.63	3.63	3.44
Other Non-Current Assets	1.79	1.49	1.36	1.18	1.09
Total Non-Current Assets	15.04	12.01	9.89	9.60	-
Total Assets	34.43	41.31	39.23	37.98	33.21
Current Liabilities
Accounts Payable	1.81	1.84	1.63	1.62	1.32
Short-Term Debt	0.45	-	-	-	-
Current Portion of Long-Term Debt	0.45	-	-	-	-
Other Current Liabilities	1.48	3.56	2.54	1.97	0.98
Total Current Liabilities	3.29	1.84	1.63	1.62	2.30
Non-Current Liabilities
Long-Term Debt	4.08	4.19	4.98	6.20	4.65
Other Non-Current Liabilities	4.92	6.77	5.28	5.32	5.26
Total Non-Current Liabilities	9.00	11.45	10.90	12.13	9.91
Total Liabilities	12.29	13.29	12.53	13.74	12.21
Stockholders' Equity
Common Stock	0.03	0.03	0.03	0.03	0.03
Retained Earnings	22.47	25.75	22.37	18.86	14.69
Accumulated Other Comprehensive Income	0.01	0.01	0.00	0.00	0.00
Treasury Stock	6.46	3.65	1.39	0.21	-
Additional Paid-in Capital	5.91	5.73	5.57	5.42	-
Minority Interest	0.18	0.15	0.12	0.14	-
Shares Outstanding	0.25	0.27	0.28	0.29	-
Total Stockholders' Equity	22.14	27.87	26.58	24.10	21.00
Total Liabilities & Equity	34.43	41.31	39.23	37.98	-

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Lennar Balance Sheet

How much debt does Lennar have?

Lennar had total debt of $4.54B as of Nov 30, 2025, against $3.50B in cash and short-term investments. Its debt-to-equity ratio was 0.20. Total debt was $4.19B a year earlier.

What are Lennar's total assets?

Lennar reported total assets of $34.43B as of Nov 30, 2025, down 16.7% from $41.31B a year earlier. Total liabilities were $12.29B.

What is Lennar's shareholders' equity?

Lennar's shareholders' equity was $22.14B as of Nov 30, 2025, or about $89.64 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition