Sands China Balance Sheet Health
Financial Health criteria checks 2/6
Sands China has a total shareholder equity of $1.0B and total debt of $8.0B, which brings its debt-to-equity ratio to 776.5%. Its total assets and total liabilities are $11.2B and $10.1B respectively. Sands China's EBIT is $1.4B making its interest coverage ratio 4.1. It has cash and short-term investments of $2.0B.
Key information
776.53%
Debt to equity ratio
US$8.01b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$1.97b |
| Equity | US$1.03b |
| Total liabilities | US$10.14b |
| Total assets | US$11.17b |
Recent financial health updates
Is Sands China (HKG:1928) A Risky Investment?
Mar 25
Is Sands China (HKG:1928) Using Too Much Debt?
Dec 17Does Sands China (HKG:1928) Have A Healthy Balance Sheet?
Sep 16Recent updates
The Returns On Capital At Sands China (HKG:1928) Don't Inspire Confidence
May 15Should You Investigate Sands China Ltd. (HKG:1928) At HK$13.24?
Apr 13Is Sands China (HKG:1928) A Risky Investment?
Mar 25Investors Still Waiting For A Pull Back In Sands China Ltd. (HKG:1928)
Mar 10Returns On Capital Signal Difficult Times Ahead For Sands China (HKG:1928)
Jan 08Is Sands China (HKG:1928) Using Too Much Debt?
Dec 17Is Sands China Ltd. (HKG:1928) Trading At A 45% Discount?
Nov 12Is It Time To Consider Buying Sands China Ltd. (HKG:1928)?
Oct 15Sands China Ltd.'s (HKG:1928) 32% Price Boost Is Out Of Tune With Revenues
Sep 27Does Sands China (HKG:1928) Have A Healthy Balance Sheet?
Sep 16Sands China (HKG:1928) Will Be Hoping To Turn Its Returns On Capital Around
Jul 23Is Sands China Ltd. (HKG:1928) Potentially Undervalued?
Jul 02Financial Position Analysis
Short Term Liabilities: 1928's short term assets ($2.3B) do not cover its short term liabilities ($3.0B).
Long Term Liabilities: 1928's short term assets ($2.3B) do not cover its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: 1928's net debt to equity ratio (585.5%) is considered high.
Reducing Debt: 1928's debt to equity ratio has increased from 122.8% to 776.5% over the past 5 years.
Debt Coverage: 1928's debt is well covered by operating cash flow (25.9%).
Interest Coverage: 1928's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/28 09:54 |
| End of Day Share Price | 2025/05/28 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sands China Ltd. is covered by 48 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Felicia Kantor Hendrix | Barclays |
| D. S. Kim | BNP Paribas Securities (Asia) |
| Alfred Lau | BOCOM International Securities Limited |