Lennar Corporation (LEN) — Working Capital to Net Assets Ratio
Lennar Corporation (LEN) has a Working Capital to Net Assets ratio of 52.6% as of November 2025. Working capital of $11.65 Billion (current assets of $17.14 Billion minus current liabilities of $5.50 Billion) is measured against net assets of $22.14 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Lennar Corporation (LEN) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Lennar Corporation Working Capital to Net Assets (1990–2025)
This chart shows how Lennar Corporation's Working Capital to Net Assets ratio has evolved across 36 annual periods from 1990 to 2025. As of November 2025, the ratio stands at 52.6%, reflecting working capital of $11.65 Billion against net assets of $22.14 Billion USD. See defensive interval ratio of Lennar Corporation to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Lennar Corporation (1990–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Lennar Corporation from 1990 to 2025, covering 36 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see LEN market cap overview.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 52.6% | $11.65 Billion | $22.14 Billion | $17.14 Billion | $5.50 Billion | ▼ -15.6 pp |
| 2024 | 68.2% | $19.12 Billion | $28.02 Billion | $26.96 Billion | $7.83 Billion | ▼ -8.3 pp |
| 2023 | 76.5% | $20.44 Billion | $26.70 Billion | $27.16 Billion | $6.73 Billion | ▼ -27.1 pp |
| 2022 | 103.7% | $25.13 Billion | $24.24 Billion | $26.75 Billion | $1.62 Billion | ▲ +5.4 pp |
| 2021 | 98.3% | $20.64 Billion | $21.00 Billion | $21.96 Billion | $1.32 Billion | ▼ -6.1 pp |
| 2020 | 104.5% | $18.91 Billion | $18.10 Billion | $19.94 Billion | $1.04 Billion | ▼ -27.6 pp |
| 2019 | 132.0% | $21.17 Billion | $16.03 Billion | $22.24 Billion | $1.07 Billion | ▼ -1.4 pp |
| 2018 | 133.5% | $19.60 Billion | $14.68 Billion | $20.92 Billion | $1.33 Billion | ▼ -12.6 pp |
| 2017 | 146.1% | $11.67 Billion | $7.99 Billion | $14.28 Billion | $2.61 Billion | ▼ -19.7 pp |
| 2016 | 165.8% | $11.96 Billion | $7.21 Billion | $12.55 Billion | $596.52 Million | ▲ +25.9 pp |
| 2015 | 139.8% | $8.32 Billion | $5.95 Billion | $10.54 Billion | $2.21 Billion | ▼ -4.8 pp |
| 2014 | 144.6% | $7.60 Billion | $5.25 Billion | $9.61 Billion | $2.01 Billion | ▼ -13.7 pp |
| 2013 | 158.3% | $7.33 Billion | $4.63 Billion | $8.01 Billion | $683.42 Million | ▲ +24.2 pp |
| 2012 | 134.1% | $5.37 Billion | $4.00 Billion | $6.85 Billion | $1.49 Billion | ▼ -9.8 pp |
| 2011 | 143.9% | $4.75 Billion | $3.30 Billion | $6.04 Billion | $1.29 Billion | ▼ -9.0 pp |
| 2010 | 152.8% | $4.88 Billion | $3.19 Billion | $5.91 Billion | $1.03 Billion | ▼ -32.3 pp |
| 2009 | 185.1% | $4.79 Billion | $2.59 Billion | $6.16 Billion | $1.37 Billion | ▲ +15.7 pp |
| 2008 | 169.4% | $4.73 Billion | $2.79 Billion | $6.22 Billion | $1.49 Billion | ▲ +66.5 pp |
| 2007 | 103.0% | $3.96 Billion | $3.85 Billion | $5.82 Billion | $1.85 Billion | ▼ -18.8 pp |
| 2006 | 121.7% | $7.01 Billion | $5.76 Billion | $9.91 Billion | $2.90 Billion | ▲ +3.6 pp |
| 2005 | 118.1% | $4.79 Billion | $4.05 Billion | $6.62 Billion | $1.83 Billion | ▼ -42.8 pp |
| 2004 | 161.0% | $6.52 Billion | $4.05 Billion | $7.68 Billion | $1.16 Billion | ▲ +42.2 pp |
| 2003 | 118.8% | $3.88 Billion | $3.26 Billion | $4.92 Billion | $1.04 Billion | ▼ -17.9 pp |
| 2002 | 136.7% | $3.05 Billion | $2.23 Billion | $4.02 Billion | $969.78 Million | ▼ -47.9 pp |
| 2001 | 184.6% | $3.06 Billion | $1.66 Billion | $3.82 Billion | $755.73 Million | ▲ +33.8 pp |
| 2000 | 150.8% | $1.85 Billion | $1.23 Billion | $2.63 Billion | $778.24 Million | ▲ +29.4 pp |
| 1999 | 121.4% | $1.07 Billion | $881.50 Million | $1.40 Billion | $333.50 Million | ▼ -4.5 pp |
| 1998 | 126.0% | $901.50 Million | $715.70 Million | $1.26 Billion | $355.70 Million | ▼ -27.5 pp |
| 1997 | 153.4% | $673.50 Million | $439.00 Million | $894.50 Million | $221.00 Million | ▲ +70.6 pp |
| 1996 | 82.8% | $575.80 Million | $695.50 Million | $788.60 Million | $212.80 Million | ▲ +6.6 pp |
| 1995 | 76.2% | $463.30 Million | $607.80 Million | $604.80 Million | $141.50 Million | ▼ -1.3 pp |
| 1994 | 77.5% | $414.00 Million | $534.10 Million | $542.10 Million | $128.10 Million | ▼ -8.8 pp |
| 1993 | 86.3% | $403.50 Million | $467.40 Million | $508.20 Million | $104.70 Million | ▲ +1.5 pp |
| 1992 | 84.8% | $270.90 Million | $319.30 Million | $349.90 Million | $79.00 Million | ▲ +7.8 pp |
| 1991 | 77.0% | $224.30 Million | $291.20 Million | $289.60 Million | $65.30 Million | ▼ -16.8 pp |
| 1990 | 93.8% | $253.00 Million | $269.70 Million | $315.90 Million | $62.90 Million | — |