Las Vegas Sands Corp (LVS)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,105,000 | 6,311,000 | 1,854,000 | 2,082,000 | 4,226,000 |
| Short-term investments | US$ in thousands | — | 2,942,000 | — | 38,000 | — |
| Total current liabilities | US$ in thousands | 4,422,000 | 3,902,000 | 2,565,000 | 2,816,000 | 3,224,000 |
| Cash ratio | 1.15 | 2.37 | 0.72 | 0.75 | 1.31 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,105,000K
+ $—K)
÷ $4,422,000K
= 1.15
The cash ratio for Las Vegas Sands Corp has fluctuated over the past five years, indicating changes in the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In 2023, the cash ratio stands at 1.19, showing a decrease from the previous year's ratio of 1.65. This might suggest a slight decline in the company's liquidity position compared to 2022. However, the ratio is still above 1, indicating that Las Vegas Sands Corp has sufficient cash on hand to cover its current debts.
Looking back further, the cash ratio was 0.77 in 2021, increased to 0.98 in 2020, and then rose to 1.37 in 2019. These fluctuations show a mixed trend in the company's liquidity management over the years.
Overall, while the recent decrease in the cash ratio may raise some concerns, the company's ability to cover short-term obligations with its available cash remains relatively stable. It is essential for Las Vegas Sands Corp to continue monitoring and managing its cash position effectively to ensure it can meet its financial obligations in the short term.
Peer comparison
Dec 31, 2023