Las Vegas Sands Corp (LVS)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	4,290,000	5,777,000	6,744,000	5,510,000	5,707,000
Total current liabilities	US$ in thousands	5,801,000	4,422,000	3,902,000	2,565,000	2,816,000
Current ratio		0.74	1.31	1.73	2.15	2.03

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,290,000K ÷ $5,801,000K
= 0.74

Las Vegas Sands Corp's current ratio has experienced fluctuations over the past five years. As of December 31, 2020, the company had a current ratio of 2.03, indicating that it had $2.03 in current assets for every $1 in current liabilities, reflecting a healthy liquidity position.

By December 31, 2021, the current ratio improved to 2.15, suggesting an even stronger ability to meet short-term obligations.

However, there was a notable decline in the current ratio by December 31, 2022, dropping to 1.73. This decrease may indicate potential challenges in meeting immediate financial obligations with current assets alone.

The ratio further decreased significantly to 1.31 by December 31, 2023, raising concerns about the company's ability to cover short-term liabilities efficiently.

As of December 31, 2024, the current ratio plummeted to 0.74, signaling a potential liquidity strain and implying that Las Vegas Sands Corp may struggle to fulfill short-term financial obligations.

Overall, fluctuations in the current ratio suggest varying levels of liquidity risk for Las Vegas Sands Corp over the analyzed period, with the ratio trending downwards towards the end, potentially raising concerns about the company's short-term financial health.