Las Vegas Sands Corp (LVS)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 13,353,000 | 13,723,000 | 13,298,000 | 13,451,000 | 13,526,000 | 13,301,000 | 13,920,000 | 15,240,000 | 15,140,000 | 13,750,000 | 13,310,000 | 14,350,000 | 15,060,000 | 15,090,000 | 15,500,000 | 15,360,000 | 15,150,000 | 14,640,000 | 14,390,000 | 11,650,000 |
| Total assets | US$ in thousands | 20,666,000 | 21,354,000 | 21,113,000 | 21,245,000 | 21,778,000 | 22,124,000 | 22,270,000 | 22,715,000 | 22,039,000 | 21,469,000 | 22,059,000 | 22,247,000 | 20,059,000 | 19,892,000 | 20,378,000 | 20,541,000 | 20,807,000 | 20,982,000 | 21,695,000 | 21,167,000 |
| Debt-to-assets ratio | 0.65 | 0.64 | 0.63 | 0.63 | 0.62 | 0.60 | 0.63 | 0.67 | 0.69 | 0.64 | 0.60 | 0.65 | 0.75 | 0.76 | 0.76 | 0.75 | 0.73 | 0.70 | 0.66 | 0.55 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,353,000K ÷ $20,666,000K
= 0.65
The debt-to-assets ratio of Las Vegas Sands Corp has displayed some fluctuations over the past few years. Starting at 0.55 as of March 31, 2020, the ratio increased steadily to a peak of 0.76 by June 30, 2021, indicating a higher proportion of debt relative to assets during this period. Subsequently, the ratio fluctuated around this level before trending downwards to 0.60 by June 30, 2022.
Thereafter, the ratio experienced some fluctuations but remained relatively stable within the range of 0.60 to 0.65 until December 31, 2024. The slight increase in the most recent period suggests a modest uptick in debt relative to assets.
Overall, the debt-to-assets ratio of Las Vegas Sands Corp indicates a reasonable level of leverage, with fluctuations reflecting changes in the company's debt management and asset utilization strategies over the years. It is essential to monitor this ratio to assess the company's ability to meet its financial obligations and manage its capital structure effectively.
Peer comparison
Dec 31, 2024