Las Vegas Sands Corp (LVS)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 5,105,000 | 6,311,000 | 1,854,000 | 2,082,000 | 4,226,000 |
| Short-term investments | US$ in thousands | — | 2,942,000 | — | 38,000 | — |
| Receivables | US$ in thousands | 484,000 | 269,000 | 204,000 | 344,000 | 847,000 |
| Total current liabilities | US$ in thousands | 4,422,000 | 3,902,000 | 2,565,000 | 2,816,000 | 3,224,000 |
| Quick ratio | 1.26 | 2.44 | 0.80 | 0.88 | 1.57 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,105,000K
+ $—K
+ $484,000K)
÷ $4,422,000K
= 1.26
The quick ratio of Las Vegas Sands Corp has shown fluctuations over the past five years, ranging from 0.85 to 1.72. A quick ratio of 1.30 at the end of 2023 indicates that the company has $1.30 in liquid assets available to cover each $1 of current liabilities, suggesting a relatively strong liquidity position.
Compared to the previous years, the quick ratio has decreased from 1.72 in 2022, indicating a potential decrease in the company's ability to cover its short-term obligations with its most liquid assets. It is worth noting that the quick ratio was lowest in 2021 at 0.85, which might have raised concerns about the company's short-term liquidity position.
Overall, a quick ratio above 1 generally suggests that Las Vegas Sands Corp has an adequate level of quick assets to cover its short-term obligations. However, analysts may want to delve deeper into the company's current assets composition to assess the quality and liquidity of those assets further.
Peer comparison
Dec 31, 2023