Las Vegas Sands Corp (LVS)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	3,650,000	5,105,000	6,311,000	1,854,000	2,082,000
Short-term investments	US$ in thousands	—	—	2,942,000	—	38,000
Total current liabilities	US$ in thousands	5,801,000	4,422,000	3,902,000	2,565,000	2,816,000
Cash ratio		0.63	1.15	2.37	0.72	0.75

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,650,000K + $—K) ÷ $5,801,000K
= 0.63

The cash ratio of Las Vegas Sands Corp has shown varying trends over the past five years. In 2020, the cash ratio was 0.75, indicating that the company had $0.75 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased slightly to 0.72 in 2021.

However, there was a significant improvement in the cash ratio in 2022, reaching 2.37. This suggests that Las Vegas Sands Corp had a substantial increase in its cash reserves relative to its short-term obligations. In 2023, the cash ratio dropped to 1.15, but it still indicates a healthy liquidity position for the company.

In the most recent year, 2024, the cash ratio declined to 0.63, showing a decrease in the available cash compared to short-term liabilities. Overall, the fluctuations in the cash ratio imply that Las Vegas Sands Corp has experienced changes in its liquidity position over the years, which could be influenced by various factors such as cash management strategies, operational performance, and economic conditions.