Las Vegas Sands Corp (LVS)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 4,226,000 | 3,817,000 | 4,017,000 | 4,134,000 |
| Short-term investments | US$ in thousands | — | — | — | 2,987,000 | 2,942,000 | 3,379,000 | — | — | — | — | — | — | 38,000 | — | 13,000 | 33,000 | — | 45,000 | — | — |
| Total current liabilities | US$ in thousands | 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 | 3,224,000 | 3,004,000 | 3,031,000 | 2,917,000 |
| Cash ratio | 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 | 1.31 | 1.29 | 1.33 | 1.42 |
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 of Las Vegas Sands Corp has shown fluctuating trends over the past eight quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In Q2 and Q3 of 2022, the cash ratio was notably high, at 3.25 and 3.06 respectively, indicating a strong ability to cover short-term obligations with available cash. However, there was a significant decrease in the cash ratio in subsequent quarters.
From Q4 2022 to Q3 2023, the cash ratio ranged between 1.19 and 2.60. While the ratio remained above 1 in all quarters, indicating that Las Vegas Sands Corp had sufficient cash to cover immediate obligations, the downward trend suggests a potential decrease in liquidity or an increase in short-term liabilities during this period.
Overall, the company should continue monitoring its cash position and managing its short-term obligations to ensure a healthy balance between liquidity and operational needs.
Peer comparison
Dec 31, 2023