Las Vegas Sands Corp (LVS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,777,000 | 6,172,000 | 6,290,000 | 7,015,000 | 6,744,000 | 6,207,000 | 6,770,000 | 6,725,000 | 5,510,000 | 5,228,000 | 5,577,000 | 5,630,000 | 5,707,000 | 2,958,000 | 3,772,000 | 3,493,000 | 5,305,000 | 4,808,000 | 4,957,000 | 5,055,000 |
| 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 |
| Current ratio | 1.31 | 1.50 | 2.76 | 1.79 | 1.73 | 1.83 | 3.35 | 3.14 | 2.15 | 2.10 | 2.19 | 2.28 | 2.03 | 1.31 | 1.59 | 1.44 | 1.65 | 1.60 | 1.64 | 1.73 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,777,000K ÷ $4,422,000K
= 1.31
Las Vegas Sands Corp's current ratio has fluctuated over the past eight quarters, ranging from a low of 1.31 in Q4 2023 to a high of 3.35 in Q2 2022. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets. A ratio below 1 suggests potential liquidity issues, while a ratio above 1 indicates a healthy liquidity position.
In recent quarters, Las Vegas Sands Corp's current ratio has generally remained above 1, with the exception of Q4 2023. This may raise some concerns about its short-term liquidity position during that period. A current ratio of 1.31 in Q4 2023 suggests that the company may have had some difficulty meeting its short-term obligations with its current assets alone.
Overall, Las Vegas Sands Corp's current ratio trend indicates a varying liquidity position over the past two years, with some quarters showing stronger liquidity than others. Further analysis of the company's current assets and liabilities would be necessary to fully assess its liquidity position and financial health.
Peer comparison
Dec 31, 2023