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Lennar balance sheet

At the end of fiscal 2025, Lennar had total assets of $34.43bn, total liabilities of $12.29bn and shareholders' equity of $21.96bn. It held $3.76bn in cash against $5.87bn of debt: net debt of $2.12bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Nov 20092010Nov 20102011Nov 20112012Nov 20122013Nov 20132014Nov 20142015Nov 20152016Nov 20162017Nov 20172018Nov 20182019Nov 20192020Nov 20202021Nov 20212022Nov 20222023Nov 20232024Nov 20242025Nov 2025LTMAug 2026
Cash and equivalents1.51.41.21.31.01.31.21.32.71.61.42.93.04.86.64.93.81.5
Goodwill—0.00.0—0.00.0————3.73.6———3.63.6—
Total assets7.38.89.210.411.212.914.415.418.728.629.429.933.238.039.241.334.4—
Long-term debt——————————9.67.4———4.25.9—
Total debt0.00.00.00.00.00.00.00.00.00.09.67.46.70.00.04.25.9—
Total liabilities4.75.65.96.46.67.78.58.210.813.913.311.812.213.712.513.312.3—
Shareholders' equity2.42.62.73.44.24.85.67.07.914.615.918.020.824.126.627.922.021.6
Non-controlling interests and other (assets − liabilities − equity)—0.60.60.60.40.40.3———————————
Net debt (negative = net cash)−1.5−1.4−1.2−1.3−1.0−1.3−1.2−1.3−2.7−1.68.14.63.7−4.8−6.6−0.72.1−1.5

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Lennar's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lennar.