Stock Analysis on Net

Las Vegas Sands Corp. (NYSE:LVS)

$22.49

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

Analysis of Solvency Ratios

Microsoft Excel

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Solvency Ratios (Summary)

Las Vegas Sands Corp., solvency ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Debt Ratios
Debt to equity
Debt to equity (including operating lease liability)
Debt to capital
Debt to capital (including operating lease liability)
Debt to assets
Debt to assets (including operating lease liability)
Financial leverage
Coverage Ratios
Interest coverage
Fixed charge coverage

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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Las Vegas Sands Corp. debt to equity ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Las Vegas Sands Corp. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Las Vegas Sands Corp. debt to capital ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Las Vegas Sands Corp. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Las Vegas Sands Corp. debt to assets ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Las Vegas Sands Corp. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Las Vegas Sands Corp. financial leverage ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Las Vegas Sands Corp. interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Las Vegas Sands Corp. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022.

Debt to Equity

Las Vegas Sands Corp., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current maturities of long-term debt
Long-term debt, excluding current maturities
Total debt
 
Total Las Vegas Sands Corp. stockholders’ equity
Solvency Ratio
Debt to equity1
Benchmarks
Debt to Equity, Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Debt to Equity, Sector
Consumer Services
Debt to Equity, Industry
Consumer Discretionary

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
Debt to equity = Total debt ÷ Total Las Vegas Sands Corp. stockholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Las Vegas Sands Corp. debt to equity ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Debt to Equity (including Operating Lease Liability)

Las Vegas Sands Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current maturities of long-term debt
Long-term debt, excluding current maturities
Total debt
Current operating lease liabilities (included in Other accrued liabilities)
Noncurrent operating lease liabilities (included in Other long-term liabilities)
Total debt (including operating lease liability)
 
Total Las Vegas Sands Corp. stockholders’ equity
Solvency Ratio
Debt to equity (including operating lease liability)1
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Debt to Equity (including Operating Lease Liability), Sector
Consumer Services
Debt to Equity (including Operating Lease Liability), Industry
Consumer Discretionary

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
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Las Vegas Sands Corp. stockholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Las Vegas Sands Corp. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Debt to Capital

Las Vegas Sands Corp., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current maturities of long-term debt
Long-term debt, excluding current maturities
Total debt
Total Las Vegas Sands Corp. stockholders’ equity
Total capital
Solvency Ratio
Debt to capital1
Benchmarks
Debt to Capital, Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Debt to Capital, Sector
Consumer Services
Debt to Capital, Industry
Consumer Discretionary

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
Debt to capital = Total debt ÷ Total capital
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Las Vegas Sands Corp. debt to capital ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Debt to Capital (including Operating Lease Liability)

Las Vegas Sands Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current maturities of long-term debt
Long-term debt, excluding current maturities
Total debt
Current operating lease liabilities (included in Other accrued liabilities)
Noncurrent operating lease liabilities (included in Other long-term liabilities)
Total debt (including operating lease liability)
Total Las Vegas Sands Corp. stockholders’ equity
Total capital (including operating lease liability)
Solvency Ratio
Debt to capital (including operating lease liability)1
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Debt to Capital (including Operating Lease Liability), Sector
Consumer Services
Debt to Capital (including Operating Lease Liability), Industry
Consumer Discretionary

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
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Las Vegas Sands Corp. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Debt to Assets

Las Vegas Sands Corp., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current maturities of long-term debt
Long-term debt, excluding current maturities
Total debt
 
Total assets
Solvency Ratio
Debt to assets1
Benchmarks
Debt to Assets, Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Debt to Assets, Sector
Consumer Services
Debt to Assets, Industry
Consumer Discretionary

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
Debt to assets = Total debt ÷ Total assets
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Las Vegas Sands Corp. debt to assets ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Debt to Assets (including Operating Lease Liability)

Las Vegas Sands Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current maturities of long-term debt
Long-term debt, excluding current maturities
Total debt
Current operating lease liabilities (included in Other accrued liabilities)
Noncurrent operating lease liabilities (included in Other long-term liabilities)
Total debt (including operating lease liability)
 
Total assets
Solvency Ratio
Debt to assets (including operating lease liability)1
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Debt to Assets (including Operating Lease Liability), Sector
Consumer Services
Debt to Assets (including Operating Lease Liability), Industry
Consumer Discretionary

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
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Las Vegas Sands Corp. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Financial Leverage

Las Vegas Sands Corp., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Total assets
Total Las Vegas Sands Corp. stockholders’ equity
Solvency Ratio
Financial leverage1
Benchmarks
Financial Leverage, Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Financial Leverage, Sector
Consumer Services
Financial Leverage, Industry
Consumer Discretionary

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
Financial leverage = Total assets ÷ Total Las Vegas Sands Corp. stockholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Las Vegas Sands Corp. financial leverage ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

Interest Coverage

Las Vegas Sands Corp., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Las Vegas Sands Corp.
Add: Net income attributable to noncontrolling interest
Less: Income from discontinued operations, net of tax
Add: Income tax expense
Add: Interest expense, net of amounts capitalized
Earnings before interest and tax (EBIT)
Solvency Ratio
Interest coverage1
Benchmarks
Interest Coverage, Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Interest Coverage, Sector
Consumer Services
Interest Coverage, Industry
Consumer Discretionary

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
Interest coverage = EBIT ÷ Interest expense
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Las Vegas Sands Corp. interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022.

Fixed Charge Coverage

Las Vegas Sands Corp., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Las Vegas Sands Corp.
Add: Net income attributable to noncontrolling interest
Less: Income from discontinued operations, net of tax
Add: Income tax expense
Add: Interest expense, net of amounts capitalized
Earnings before interest and tax (EBIT)
Add: Operating lease cost
Earnings before fixed charges and tax
 
Interest expense, net of amounts capitalized
Operating lease cost
Fixed charges
Solvency Ratio
Fixed charge coverage1
Benchmarks
Fixed Charge Coverage, Competitors2
Airbnb Inc.
Booking Holdings Inc.
Chipotle Mexican Grill Inc.
McDonald’s Corp.
Starbucks Corp.
Fixed Charge Coverage, Sector
Consumer Services
Fixed Charge Coverage, Industry
Consumer Discretionary

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
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Las Vegas Sands Corp. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022.