Las Vegas Sands Corp (LVS)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.74 | 0.90 | 1.58 | 1.30 | 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 |
| Quick ratio | 0.70 | 0.86 | 1.53 | 1.26 | 1.26 | 1.45 | 2.68 | 2.51 | 2.44 | 2.78 | 3.27 | 3.07 | 0.80 | 0.73 | 0.87 | 0.92 | 0.88 | 1.22 | 1.51 | 1.36 |
| 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 |
Las Vegas Sands Corp's liquidity ratios have shown fluctuating trends over the years. The current ratio, which measures the company's ability to meet short-term obligations with its current assets, has generally improved from 1.44 in March 2020 to 0.74 in December 2024. This indicates that the company's liquidity position has strengthened over time, although there was a significant decline in the ratio in the latter periods.
The quick ratio, which looks at the immediate liquidity of the company by excluding inventories from current assets, also followed a similar pattern of improvement initially and then decline. The ratio increased from 1.36 in March 2020 to 0.70 in December 2024, indicating a decreasing ability to cover short-term obligations without relying on inventory.
The cash ratio, which is the most stringent liquidity measure as it considers only cash and cash equivalents, displayed a similar trend of improvement followed by decline. The ratio increased from 1.09 in March 2020 to 0.63 in December 2024, highlighting a reduced ability to cover short-term liabilities solely with cash and cash equivalents.
Overall, Las Vegas Sands Corp's liquidity ratios show a mixed performance over the years, with periods of improvement in liquidity followed by declines. It is important for stakeholders to closely monitor these ratios to assess the company's ability to meet its short-term obligations and manage its liquidity effectively.
See also:
Additional liquidity measure
| 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 conversion cycle | days | 3.15 | -1.35 | -2.94 | -4.03 | -3.18 | -2.41 | 0.21 | 8.23 | 12.67 | 6.22 | 5.02 | 4.60 | 6.97 | 4.90 | 6.97 | 19.51 | 31.94 | 20.23 | 21.21 | 14.35 |
The cash conversion cycle for Las Vegas Sands Corp has fluctuated over the years based on the provided data.
From March 31, 2020, to June 30, 2021, the company's cash conversion cycle showed a decreasing trend, indicating that Las Vegas Sands was able to convert its investments in inventory and accounts receivable into cash more efficiently during this period.
However, from September 30, 2021, to December 31, 2022, the trend reversed as the cash conversion cycle increased, peaking at 31.94 days on December 31, 2020. This increase suggests that the company took longer to convert its investments back into cash during this period, possibly due to operational or market challenges.
From March 31, 2023, to December 31, 2024, the cash conversion cycle turned negative, indicating that Las Vegas Sands Corp was able to convert its investments into cash much faster than before. This could be a positive sign as it shows improved efficiency in managing cash flow and working capital.
Overall, analyzing the cash conversion cycle can provide insights into how well the company manages its working capital and liquidity, impacting its overall financial health and operational efficiency.