Las Vegas Sands Corp (LVS)
Quick ratio
| 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 | US$ in thousands | 3,650,000 | 4,208,000 | 4,711,000 | 4,956,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 2,987,000 | 2,942,000 | 3,379,000 | — | — | — | — | — | — | 38,000 | — | 13,000 | 33,000 |
| Receivables | US$ in thousands | 417,000 | 413,000 | 436,000 | 420,000 | 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 |
| Total current liabilities | US$ in thousands | 5,801,000 | 5,350,000 | 3,369,000 | 4,267,000 | 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 |
| 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 |
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 provides insight into the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio greater than 1 indicates that the company has enough liquid assets to cover its current liabilities.
From March 31, 2020, to June 30, 2021, the quick ratio of Las Vegas Sands Corp stayed consistently above 1, peaking at 1.51 in June 30, 2020. This indicates a healthy liquidity position during this period.
However, there was a significant decline in the quick ratio starting from December 31, 2021, to December 31, 2024, with the ratio dropping below 1. This suggests potential challenges in meeting short-term obligations with liquid assets during this period.
Notably, there was a sharp increase in the quick ratio from March 31, 2022, to June 30, 2024, reaching its peak of 3.27 in June 30, 2022. This sudden spike indicates a substantial improvement in liquidity and the company's ability to cover short-term liabilities with highly liquid assets.
Overall, fluctuations in the quick ratio of Las Vegas Sands Corp over the analyzed period highlight variations in the company's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024