Las Vegas Sands Balance Sheet Health
Financial Health criteria checks 1/6
Las Vegas Sands has a total shareholder equity of $1.9B and total debt of $15.7B, which brings its debt-to-equity ratio to 839.9%. Its total assets and total liabilities are $21.5B and $19.6B respectively. Las Vegas Sands's EBIT is $2.8B making its interest coverage ratio 5. It has cash and short-term investments of $3.4B.
Key information
839.85%
Debt to equity ratio
US$15.68b
Debt
| Interest coverage ratio | 5x |
| Cash | US$3.35b |
| Equity | US$1.87b |
| Total liabilities | US$19.64b |
| Total assets | US$21.50b |
Recent financial health updates
We Think Las Vegas Sands (NYSE:LVS) Is Taking Some Risk With Its Debt
Jun 02
Is Las Vegas Sands (NYSE:LVS) A Risky Investment?
Feb 25Recent updates
Revenue Beat: Las Vegas Sands Corp. Exceeded Revenue Forecasts By 9.1% And Analysts Are Updating Their Estimates
Oct 28Las Vegas Sands: Long-Term Growth Offers Upside
Oct 09Las Vegas Sands Corp. (NYSE:LVS) Shares Could Be 20% Below Their Intrinsic Value Estimate
Sep 30Is Now An Opportune Moment To Examine Las Vegas Sands Corp. (NYSE:LVS)?
Sep 09Las Vegas Sands Corp.'s (NYSE:LVS) Intrinsic Value Is Potentially 74% Above Its Share Price
Jun 17We Think Las Vegas Sands (NYSE:LVS) Is Taking Some Risk With Its Debt
Jun 02Investors Give Las Vegas Sands Corp. (NYSE:LVS) Shares A 28% Hiding
Apr 05Is It Too Late To Consider Buying Las Vegas Sands Corp. (NYSE:LVS)?
Apr 03Las Vegas Sands: Still Hiding In Plain Sight; Undervalued
Mar 16Is Las Vegas Sands (NYSE:LVS) A Risky Investment?
Feb 25Las Vegas Sands: A Good Time To Get In (Rating Upgrade)
Feb 06Las Vegas Sands (NYSE:LVS) Is Increasing Its Dividend To $0.25
Feb 02Does Las Vegas Sands (NYSE:LVS) Deserve A Spot On Your Watchlist?
Jan 02Las Vegas Sands: Xi Jinping's Macau Visit Removes Long-Time Bearish Take On Stock
Dec 25With Las Vegas Sands Corp. (NYSE:LVS) It Looks Like You'll Get What You Pay For
Dec 18Las Vegas Sands Stock: Price Is Getting Ahead Of Facts On The Ground (Rating Downgrade)
Nov 04Las Vegas Sands: Chinese Stimulus And Rising Tourism Improve Short-Term Outlook
Sep 28Las Vegas Sands: An Archeological Dig May Show Why It Remains Dead Pooled So Long
Aug 23Las Vegas Sands: A Hidden Gem Despite Earnings Miss
Aug 03Las Vegas Sands: Now Is A Good Time To Get In
May 31Las Vegas Sands: An Ace For Your Portfolio
Apr 25Las Vegas Sands: Firming Up At $50+ Is A Positive Indication
Apr 01Las Vegas Sands: Early Upside Move May Signal More Ahead Than Many Believe
Mar 13Las Vegas Sands: Rolling The Dice Ahead Of Earnings, EPS Growth Expected
Jan 24Financial Position Analysis
Short Term Liabilities: LVS's short term assets ($4.2B) do not cover its short term liabilities ($4.7B).
Long Term Liabilities: LVS's short term assets ($4.2B) do not cover its long term liabilities ($15.0B).
Debt to Equity History and Analysis
Debt Level: LVS's net debt to equity ratio (660.3%) is considered high.
Reducing Debt: LVS's debt to equity ratio has increased from 361.7% to 839.9% over the past 5 years.
Debt Coverage: LVS's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: LVS's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/24 22:42 |
| End of Day Share Price | 2025/11/24 00:00 |
| Earnings | 2025/09/30 |
| 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
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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
Las Vegas Sands Corp. is covered by 42 analysts. 15 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 |
|---|---|
| John Staszak | Argus Research Company |
| Felicia Kantor Hendrix | Barclays |
| Brandt Montour | Barclays |