Las Vegas Sands Corp (LVS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 13,526,000 | 15,140,000 | 15,060,000 | 15,150,000 | 13,210,000 |
| Total assets | US$ in thousands | 21,778,000 | 22,039,000 | 20,059,000 | 20,807,000 | 23,199,000 |
| Debt-to-assets ratio | 0.62 | 0.69 | 0.75 | 0.73 | 0.57 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,526,000K ÷ $21,778,000K
= 0.62
The debt-to-assets ratio of Las Vegas Sands Corp has shown some fluctuations over the past five years. In 2023, the ratio stands at 0.64, indicating that 64% of the company's assets are financed through debt. This represents a decrease from the previous year, where the ratio was 0.72.
Comparing the current ratio to historical data, we observe that it is below the ratios reported in 2021 and 2022, which were 0.74 and 0.67, respectively. However, it is higher than the 0.54 ratio reported in 2019.
The declining trend in the debt-to-assets ratio from 2022 to 2023 could suggest that the company is managing its debt levels more effectively or that its asset base is growing faster than its debt obligations. It is essential to monitor this ratio over time to assess the company's ability to meet its debt obligations and analyze its overall financial health and risk level.
Peer comparison
Dec 31, 2023