Las Vegas Sands Corp (LVS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,884,000 | 3,426,000 | 3,754,000 | 3,953,000 | 4,118,000 | 4,553,000 | 4,330,000 | 4,056,000 | 3,881,000 | 3,900,000 | 4,191,000 | 4,529,000 | 1,996,000 | 2,102,000 | 2,491,000 | 2,673,000 | 2,973,000 | 3,199,000 | 3,720,000 | 4,489,000 |
| Debt-to-equity ratio | 4.63 | 4.01 | 3.54 | 3.40 | 3.28 | 2.92 | 3.21 | 3.76 | 3.90 | 3.53 | 3.18 | 3.17 | 7.55 | 7.18 | 6.22 | 5.75 | 5.10 | 4.58 | 3.87 | 2.60 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $13,353,000K ÷ $2,884,000K
= 4.63
The debt-to-equity ratio for Las Vegas Sands Corp has shown fluctuations over the past few years, ranging from 2.60 in March 2020 to 4.63 in December 2024. This ratio measures the proportion of debt used to finance the company's assets relative to shareholders' equity.
The trend indicates an increasing reliance on debt financing between 2020 and 2024, with the ratio consistently rising. This suggests that the company has been taking on more debt compared to equity to fund its operations, investments, or expansion activities during this period.
However, it is worth noting a decrease in the debt-to-equity ratio from a peak of 7.55 in December 2021 to 2.92 in September 2023, before gradually increasing again. This could imply that the company may have taken steps to reduce its debt levels or strengthen its equity position during that period.
Overall, an increasing debt-to-equity ratio may indicate higher financial risk and potential concerns about the company's ability to meet its debt obligations. Investors and stakeholders should pay attention to this trend and consider the implications for the company's financial health and stability.
Peer comparison
Dec 31, 2024