Las Vegas Sands Corp (LVS)
Financial leverage ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 23,199,000 | 22,427,000 | 22,594,000 | 22,313,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 5,187,000 | 5,359,000 | 5,560,000 | 5,525,000 |
| Financial leverage ratio | 5.29 | 4.86 | 5.14 | 5.60 | 5.68 | 5.50 | 5.26 | 4.91 | 10.05 | 9.46 | 8.18 | 7.68 | 7.00 | 6.56 | 5.83 | 4.72 | 4.47 | 4.18 | 4.06 | 4.04 |
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 fluctuations over the past eight quarters. In Q4 2023, the ratio was the highest at 5.29, indicating that the company relied more on debt financing to support its operations and growth compared to the previous quarters. This increase in leverage suggests a higher level of financial risk for the company.
In contrast, the lowest financial leverage ratio was recorded in Q1 2022 at 4.91, signaling a relatively lower use of debt financing during that period. The ratio then gradually increased in the following quarters until its peak in Q4 2022 at 5.68, before showing a slight decline in the subsequent quarters leading up to Q4 2023.
Overall, the trend in the financial leverage ratio of Las Vegas Sands Corp demonstrates varying levels of leverage over time, which can impact the company's financial stability and solvency. It is essential for stakeholders to closely monitor these fluctuations to assess the company's risk exposure and financial health.
Peer comparison
Dec 31, 2023