Las Vegas Sands Corp (LVS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,777,000 | 6,744,000 | 5,510,000 | 5,707,000 | 5,305,000 |
| Total current liabilities | US$ in thousands | 4,422,000 | 3,902,000 | 2,565,000 | 2,816,000 | 3,224,000 |
| Current ratio | 1.31 | 1.73 | 2.15 | 2.03 | 1.65 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,777,000K ÷ $4,422,000K
= 1.31
The current ratio of Las Vegas Sands Corp has exhibited fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 1.31, indicating a decrease compared to the prior year. This suggests that the company may have faced challenges in meeting its short-term obligations with its current assets in the most recent period.
The current ratio was relatively strong in December 31, 2022, and December 31, 2021, at 1.73 and 2.15, respectively, demonstrating the company's ability to cover its current liabilities with its current assets. This indicates a favorable liquidity position and implies that Las Vegas Sands Corp was in a better position to meet its short-term financial obligations during those years.
However, the current ratio dropped to 1.15 as of December 31, 2020, signaling a potential liquidity strain for the company in that period. Subsequently, there was an improvement in the current ratio to 1.65 as of December 31, 2019, suggesting enhanced liquidity compared to 2020 but still slightly lower than the ratios reported in the two preceding years.
Overall, the current ratio of Las Vegas Sands Corp has shown variability over the analyzed period, reflecting fluctuations in the company's liquidity position. It is important for stakeholders to monitor this ratio to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023