Las Vegas Sands Corp (LVS)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,650,000 | 4,208,000 | 4,711,000 | 4,956,000 | 5,105,000 | 5,570,000 | 5,768,000 | 6,532,000 | 6,311,000 | 5,836,000 | 6,450,000 | 6,430,000 | 1,854,000 | 1,644,000 | 2,057,000 | 2,074,000 | 2,082,000 | 2,380,000 | 3,016,000 | 2,600,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 2,987,000 | 2,942,000 | 3,379,000 | — | — | — | — | — | — | 38,000 | — | 13,000 | 33,000 |
| Total current liabilities | US$ in thousands | 5,801,000 | 5,350,000 | 3,369,000 | 4,267,000 | 4,422,000 | 4,102,000 | 2,275,000 | 3,919,000 | 3,902,000 | 3,391,000 | 2,023,000 | 2,139,000 | 2,565,000 | 2,487,000 | 2,542,000 | 2,465,000 | 2,816,000 | 2,255,000 | 2,375,000 | 2,419,000 |
| Cash ratio | 0.63 | 0.79 | 1.40 | 1.16 | 1.15 | 1.36 | 2.54 | 2.43 | 2.37 | 2.72 | 3.19 | 3.01 | 0.72 | 0.66 | 0.81 | 0.84 | 0.75 | 1.06 | 1.28 | 1.09 |
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 fluctuating trends over the reported periods. The cash ratio is a financial metric that indicates the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio is generally seen as favorable as it signifies a stronger ability to meet short-term obligations.
From March 31, 2020, to December 31, 2021, the cash ratio of Las Vegas Sands Corp ranged between 0.66 and 1.28, indicating a moderate level of liquidity to cover its short-term liabilities during this period. However, in the following quarters, the cash ratio experienced a significant increase, surpassing 2 in some periods.
The notable spike in the cash ratio from March 31, 2022, to June 30, 2024, reaching as high as 3.19, indicates a substantial increase in the company's cash and cash equivalents relative to its current liabilities. This surge in liquidity could be attributed to various factors such as improved cash management practices, higher cash inflows, or reduced short-term obligations.
However, the cash ratio witnessed a decline in the subsequent periods, dropping to 0.63 by December 31, 2024. This decrease suggests that Las Vegas Sands Corp may have utilized a portion of its cash reserves or faced an increase in short-term liabilities, potentially affecting its immediate liquidity position.
In conclusion, Las Vegas Sands Corp's cash ratio has demonstrated both strengths and weaknesses in managing its short-term liquidity over the reported periods. It is essential for investors and stakeholders to closely monitor the company's cash position and liquidity management practices to assess its ability to meet short-term financial obligations effectively.
Peer comparison
Dec 31, 2024