Stock Analysis on Net
Stock Analysis on Net

Las Vegas Sands Corp. (NYSE:LVS)

This company has been moved to the archive! The financial data has not been updated since October 20, 2023.

Analysis of Bad Debts

Microsoft Excel

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Provision for credit losses 217 232 314 282 324
Accounts receivable, gross 484 434 652 1,126 1,050
Financial Ratio
Allowance as a percentage of accounts receivable, gross1 44.83% 53.46% 48.16% 25.04% 30.86%

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
Allowance as a percentage of accounts receivable, gross = 100 × Provision for credit losses ÷ Accounts receivable, gross
= 100 × 217 ÷ 484 = 44.83%

Financial ratio Description The company
Allowance as a percentage of accounts receivable, gross Allowance for doubtful accounts divided by the gross accounts receivable. Las Vegas Sands Corp. allowance as a percentage of accounts receivable, gross increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.