Las Vegas Sands Corp (LVS)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 5,105,000 | 5,570,000 | 5,768,000 | 6,532,000 | 6,311,000 | 5,836,000 | 6,450,000 | 6,430,000 | 1,854,000 | 1,644,000 | 2,057,000 | 2,074,000 | 2,082,000 | 2,380,000 | 3,016,000 | 2,600,000 | 4,226,000 | 3,817,000 | 4,017,000 | 4,134,000 |
| Short-term investments | US$ in thousands | — | — | — | 2,987,000 | 2,942,000 | 3,379,000 | — | — | — | — | — | — | 38,000 | — | 13,000 | 33,000 | — | 45,000 | — | — |
| Receivables | US$ in thousands | 484,000 | 390,000 | 336,000 | 328,000 | 269,000 | 210,000 | 158,000 | 147,000 | 204,000 | 167,000 | 160,000 | 205,000 | 344,000 | 382,000 | 567,000 | 653,000 | 847,000 | 757,000 | 767,000 | 737,000 |
| 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 |
| 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 |
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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered acceptable, as it indicates that the company has enough liquid assets to cover its current liabilities.
Analyzing Las Vegas Sands Corp's quick ratio over the past eight quarters, we observe fluctuations. In Q4 2023, the quick ratio stood at 1.30, down from the previous quarter's 1.50. This may indicate a slight decrease in the company's ability to meet its short-term obligations using its most liquid assets.
Looking further back, the quick ratio was particularly strong in Q2 2023 and Q2 2022, at 2.75 and 3.33 respectively. These high quick ratios suggest that the company had a significant amount of liquid assets relative to its current liabilities during those periods.
Overall, Las Vegas Sands Corp's quick ratio has shown variability, with some quarters indicating stronger liquidity positions than others. Investors and stakeholders may want to monitor the trend in the quick ratio over time to assess the company's short-term liquidity position and financial stability.
Peer comparison
Dec 31, 2023