Las Vegas Sands Corp (LVS)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 20,666,000 | 21,778,000 | 22,039,000 | 20,059,000 | 20,807,000 |
| Total stockholders’ equity | US$ in thousands | 2,884,000 | 4,118,000 | 3,881,000 | 1,996,000 | 2,973,000 |
| Financial leverage ratio | 7.17 | 5.29 | 5.68 | 10.05 | 7.00 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $20,666,000K ÷ $2,884,000K
= 7.17
The financial leverage ratio of Las Vegas Sands Corp has fluctuated over the past five years. It stood at 7.00 in December 2020, increased to 10.05 by the end of December 2021, then decreased to 5.68 in December 2022, and further to 5.29 in December 2023. It rose again to 7.17 by the end of December 2024.
The financial leverage ratio indicates the company's level of debt relative to its equity capital. A higher ratio suggests higher financial risk due to a greater reliance on debt financing, while a lower ratio indicates lower risk and potentially better financial stability. Las Vegas Sands Corp's ratio has shown significant volatility, indicating potential changes in its capital structure and risk profile over the analyzed period.
Peer comparison
Dec 31, 2024