Las Vegas Sands Corp (LVS)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	3,650,000	5,105,000	6,311,000	1,854,000	2,082,000
Short-term investments	US$ in thousands	—	—	2,942,000	—	38,000
Receivables	US$ in thousands	417,000	484,000	269,000	204,000	344,000
Total current liabilities	US$ in thousands	5,801,000	4,422,000	3,902,000	2,565,000	2,816,000
Quick ratio		0.70	1.26	2.44	0.80	0.88

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,650,000K + $—K + $417,000K) ÷ $5,801,000K
= 0.70

The quick ratio of Las Vegas Sands Corp has exhibited fluctuations over the past five years. In December 2020, the quick ratio was 0.88, indicating that the company had $0.88 in liquid assets available to cover each dollar of current liabilities. This ratio decreased slightly to 0.80 by December 2021, potentially signaling a tighter liquidity position.

However, there was a significant improvement in the quick ratio in December 2022, reaching 2.44. This sharp increase suggests that the company had substantially more liquid assets relative to its current liabilities, which could enhance its ability to meet short-term obligations.

By December 2023, the quick ratio decreased to 1.26, indicating a slight reduction in liquidity compared to the previous year but still showing that the company had adequate short-term assets to cover its current liabilities.

In December 2024, the quick ratio dropped to 0.70, falling below 1 and potentially raising concerns about the company's ability to meet immediate payment obligations with its current liquid assets. This decline may indicate a potential liquidity strain.

Overall, while the quick ratio of Las Vegas Sands Corp has varied over the years, it is essential for investors and analysts to monitor this metric closely to assess the company's short-term liquidity position and financial health.