Las Vegas Sands Corp (LVS)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 21,778,000 | 22,039,000 | 20,059,000 | 20,807,000 | 23,199,000 |
| Total stockholders’ equity | US$ in thousands | 4,118,000 | 3,881,000 | 1,996,000 | 2,973,000 | 5,187,000 |
| Financial leverage ratio | 5.29 | 5.68 | 10.05 | 7.00 | 4.47 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $21,778,000K ÷ $4,118,000K
= 5.29
The financial leverage ratio of Las Vegas Sands Corp has shown a fluctuating trend over the past five years. The ratio was at its lowest in 2019 at 4.47, indicating a lower level of financial leverage. Subsequently, the ratio increased significantly in 2021 to 10.05, suggesting a higher degree of financial leverage during that period. However, there was a notable decrease in the ratio in 2022 and 2023, reaching 5.68 and 5.29 respectively, indicating a reduction in financial leverage compared to 2021. Overall, the company's financial leverage ratio has shown variability over the years, which can have implications for its financial risk and solvency position.
Peer comparison
Dec 31, 2023