Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Las Vegas Sands Corp., liquidity ratios
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.73 | 2.15 | 1.15 | 1.65 | 1.76 | |
| Quick ratio | 1.69 | 0.81 | 1.07 | 1.58 | 1.71 | |
| Cash ratio | 1.62 | 0.73 | 0.93 | 1.32 | 1.48 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Las Vegas Sands Corp. current ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Las Vegas Sands Corp. quick ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Las Vegas Sands Corp. cash ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Current Ratio
Las Vegas Sands Corp., current ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 6,744) | 5,510) | 2,644) | 5,305) | 5,566) | |
| Current liabilities | 3,902) | 2,565) | 2,309) | 3,224) | 3,157) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.73 | 2.15 | 1.15 | 1.65 | 1.76 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Airbnb Inc. | 1.86 | 1.95 | 1.73 | — | — | |
| Booking Holdings Inc. | 1.86 | 2.10 | 3.56 | 1.83 | — | |
| Chipotle Mexican Grill Inc. | 1.28 | 1.58 | 1.73 | 1.61 | — | |
| McDonald’s Corp. | 1.43 | 1.78 | 1.01 | 0.98 | — | |
| Starbucks Corp. | 0.77 | 1.20 | 1.06 | 0.92 | 2.20 | |
| Current Ratio, Sector | ||||||
| Consumer Services | 1.46 | 1.71 | 1.60 | 1.27 | — | |
| Current Ratio, Industry | ||||||
| Consumer Discretionary | 1.15 | 1.25 | 1.18 | 1.10 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,744 ÷ 3,902 = 1.73
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Las Vegas Sands Corp. current ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Quick Ratio
Las Vegas Sands Corp., quick ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 6,311) | 1,854) | 2,121) | 4,226) | 4,648) | |
| Restricted cash and cash equivalents | —) | 16) | 16) | 16) | 13) | |
| Accounts receivable, net of provision for credit losses | 267) | 202) | 338) | 844) | 726) | |
| Total quick assets | 6,578) | 2,072) | 2,475) | 5,086) | 5,387) | |
| Current liabilities | 3,902) | 2,565) | 2,309) | 3,224) | 3,157) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.69 | 0.81 | 1.07 | 1.58 | 1.71 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Airbnb Inc. | 1.83 | 1.92 | 1.70 | — | — | |
| Booking Holdings Inc. | 1.73 | 2.00 | 3.38 | 1.68 | — | |
| Chipotle Mexican Grill Inc. | 1.09 | 1.35 | 1.28 | 1.44 | — | |
| McDonald’s Corp. | 1.24 | 1.64 | 0.90 | 0.86 | — | |
| Starbucks Corp. | 0.48 | 0.93 | 0.75 | 0.59 | 1.69 | |
| Quick Ratio, Sector | ||||||
| Consumer Services | 1.30 | 1.56 | 1.42 | 1.06 | — | |
| Quick Ratio, Industry | ||||||
| Consumer Discretionary | 0.81 | 0.92 | 0.88 | 0.79 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,578 ÷ 3,902 = 1.69
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Las Vegas Sands Corp. quick ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Cash Ratio
Las Vegas Sands Corp., cash ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 6,311) | 1,854) | 2,121) | 4,226) | 4,648) | |
| Restricted cash and cash equivalents | —) | 16) | 16) | 16) | 13) | |
| Total cash assets | 6,311) | 1,870) | 2,137) | 4,242) | 4,661) | |
| Current liabilities | 3,902) | 2,565) | 2,309) | 3,224) | 3,157) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 1.62 | 0.73 | 0.93 | 1.32 | 1.48 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Airbnb Inc. | 1.21 | 1.31 | 1.24 | — | — | |
| Booking Holdings Inc. | 1.46 | 1.79 | 3.23 | 1.36 | — | |
| Chipotle Mexican Grill Inc. | 0.98 | 1.23 | 1.16 | 1.32 | — | |
| McDonald’s Corp. | 0.68 | 1.17 | 0.56 | 0.25 | — | |
| Starbucks Corp. | 0.35 | 0.81 | 0.63 | 0.45 | 1.57 | |
| Cash Ratio, Sector | ||||||
| Consumer Services | 0.95 | 1.24 | 1.16 | 0.75 | — | |
| Cash Ratio, Industry | ||||||
| Consumer Discretionary | 0.55 | 0.71 | 0.69 | 0.57 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,311 ÷ 3,902 = 1.62
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Las Vegas Sands Corp. cash ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |