Las Vegas Sands Corp (LVS)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 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 | 1.57 | 1.54 | 1.58 | 1.67 |
| 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 |
Las Vegas Sands Corp's liquidity ratios have fluctuated over the past eight quarters. The current ratio has ranged from a low of 1.31 in Q4 2023 to a high of 3.35 in Q2 2022, indicating the company's ability to cover its short-term liabilities with its current assets. The quick ratio, which excludes inventory from current assets, has shown similar fluctuations, ranging from 1.30 to 3.33 over the same period. This indicates that the company may have limited ability to meet short-term obligations without relying on inventory.
The cash ratio, which is the most stringent measure of liquidity as it only considers cash and cash equivalents, has also varied, ranging from 1.19 to 3.25. This ratio highlights the company's ability to cover current liabilities with its readily available cash. Overall, Las Vegas Sands Corp's liquidity ratios suggest that the company has generally maintained a healthy liquidity position, although there have been periods of lower liquidity relative to others. A trend of decreasing ratios could be a cause for concern as it may indicate increasing difficulty in meeting short-term obligations.
See also:
Las Vegas Sands Corp Liquidity Ratios (Quarterly Data)
Additional liquidity measure
| 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 conversion cycle | days | -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 | 7.37 | 1.64 | 6.03 | 3.47 |
The cash conversion cycle of Las Vegas Sands Corp has shown some fluctuations over the past eight quarters. In Q1 2022, the company had a cash conversion cycle of 6.81 days, which was the lowest value in the given period. This indicates that the company was efficient in managing its cash flow and converting its investments into cash quickly.
However, in Q4 2022 and Q1 2023, the cash conversion cycle increased to 14.72 days and 12.72 days, respectively, suggesting a delay in converting investments into cash. This could be due to various factors such as increased inventory levels or slower collections from customers.
In the most recent quarter, Q4 2023, the cash conversion cycle decreased to 7.99 days, showing an improvement in the company's cash flow management compared to the previous two quarters. Overall, it is essential for Las Vegas Sands Corp to closely monitor its cash conversion cycle to ensure efficient cash flow management and optimal working capital utilization.