Lennar Corporation (LEN) debt
What Lennar owes, when it comes due, and what it costs to carry, from the balances and cash flows the company reports to the U.S. Securities and Exchange Commission.
At a glance
| Metric | Nov 2025 | Nov 2024 | Change |
|---|---|---|---|
| Total debt | $5.87B | $4.19B | +$1.69B |
| Long-term debt | $5.87B | $4.19B | +$1.69B |
| Cash and equivalents | $3.76B | $4.91B | −$1.15B |
| Net debt | $2.12B | -$720M | +$2.84B |
Total debt is the sum of the debt lines the company reports at that date (long-term, current and short-term borrowings), not a figure the company reports as a total.
Debt over time
| Balance date | Total debt | Long-term debt | Cash |
|---|---|---|---|
| Nov 2025 | $5.87B† | $5.87B | $3.76B |
| Nov 2024 | $4.19B† | $4.19B | $4.91B |
| Aug 2021 | $6.65B† | $6.65B | $2.78B |
| May 2021 | $6.82B† | $6.82B | $2.74B |
| Feb 2021 | $6.94B† | $6.94B | $2.57B |
| Nov 2020 | $7.42B† | $7.42B | $2.86B |
| Aug 2020 | $8.14B† | $8.14B | $2.21B |
| May 2020 | $8.94B | — | $1.64B |
| Feb 2020 | $9.12B | — | $1.05B |
| Nov 2019 | $9.57B | $9.57B | $1.45B |
| Feb 2016 | $5.33B† | — | $720M |
| Nov 2015 | $5.03B† | — | $1.16B |
† Sum of the debt lines the company reports at that date, not a reported total.
Interest cost and borrowing
| Fiscal year | Interest expense | Borrowed | Repaid | Convertible notes repaid |
|---|---|---|---|---|
| FY Nov 2020 | — | — | — | $0 |
| FY Nov 2019 | — | — | — | $1M |
| FY Nov 2018 | — | — | — | $59M |
| FY Nov 2017 | — | — | — | $0 |
| FY Nov 2016 | $5M | $494M | — | $234M |
About these figures
These are the balances Lennar reports in its SEC filings as of each balance-sheet date, and the interest, borrowing and repayments it reports for each period. This page does not show market prices or yields of the company's bonds. "Long-term debt" is the line as the company tags it in its filings and may or may not include the portion due within a year.
All figures from company filings with the SEC.