Las Vegas Sands (LVS) Ratios
Las Vegas Sands Ratios
MX:LVS's free cash flow for Q3 2026 was $589.00M. For the 2026 fiscal year, MX:LVS's free cash flow was decreased by $-281.00M and operating cash flow was $870.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.14 | 0.74 | 1.31 | 1.73 | 2.15 |
| Quick Ratio | 1.13 | 0.73 | 1.30 | 1.72 | 2.14 |
| Cash Ratio | 0.91 | 0.63 | 1.15 | 1.62 | 0.72 |
| Solvency Ratio | 0.16 | 0.16 | 0.14 | 0.00 | 0.00 |
| Operating Cash Flow Ratio | 0.72 | 0.55 | 0.73 | -0.20 | 0.01 |
| Short-Term Operating Cash Flow Coverage | 2.63 | 1.01 | 1.70 | -0.39 | 0.20 |
| Net Current Asset Value | $ -15.15B | $ -13.22B | $ -11.90B | $ -11.64B | $ -12.30B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.74 | 0.67 | 0.64 | 0.72 | 0.74 |
| Debt-to-Equity Ratio | 10.15 | 4.77 | 3.41 | 4.12 | 7.41 |
| Debt-to-Capital Ratio | 0.91 | 0.83 | 0.77 | 0.80 | 0.88 |
| Long-Term Debt-to-Capital Ratio | 0.90 | 0.79 | 0.75 | 0.78 | 0.88 |
| Financial Leverage Ratio | 13.79 | 7.17 | 5.29 | 5.68 | 10.05 |
| Debt Service Coverage Ratio | 2.19 | 0.99 | 1.32 | 0.07 | 0.28 |
| Interest Coverage Ratio | 4.14 | 3.39 | 2.88 | -1.10 | -1.04 |
| Debt to Market Cap | 0.35 | 0.36 | 0.37 | 0.44 | 0.51 |
| Interest Debt Per Share | 24.43 | 19.70 | 19.46 | 21.83 | 20.18 |
| Net Debt to EBITDA | 2.73 | 2.49 | 2.28 | 27.54 | 68.84 |
| Profitability Margins | |||||
| Gross Profit Margin | 49.79% | 48.87% | 37.61% | 14.94% | 13.39% |
| EBIT Margin | 22.73% | 23.78% | 25.00% | -16.67% | -20.15% |
| EBITDA Margin | 34.56% | 35.89% | 37.79% | 8.54% | 4.44% |
| Operating Profit Margin | 23.73% | 21.83% | 22.71% | -18.73% | -15.19% |
| Pretax Profit Margin | 17.00% | 17.35% | 17.11% | -33.75% | -34.81% |
| Net Profit Margin | 12.50% | 12.80% | 11.77% | -24.82% | -22.70% |
| Continuous Operations Profit Margin | 14.34% | 15.51% | 13.80% | -37.49% | -34.70% |
| Net Income Per EBT | 73.52% | 73.78% | 68.79% | 73.54% | 65.20% |
| EBT Per EBIT | 71.64% | 79.48% | 75.37% | 180.13% | 229.24% |
| Return on Assets (ROA) | 7.42% | 7.00% | 5.61% | -4.63% | -4.79% |
| Return on Equity (ROE) | 102.33% | 50.14% | 29.65% | -26.28% | -48.15% |
| Return on Capital Employed (ROCE) | 17.45% | 16.59% | 13.57% | -4.25% | -3.68% |
| Return on Invested Capital (ROIC) | 13.82% | 12.23% | 9.86% | -3.82% | -3.65% |
| Return on Tangible Assets | 7.62% | 7.19% | 5.76% | -4.64% | -4.80% |
| Earnings Yield | 3.62% | 3.83% | 3.25% | -2.78% | -3.34% |
| Efficiency Ratios | |||||
| Receivables Turnover | 17.54 | 27.09 | 21.43 | 15.39 | 20.96 |
| Payables Turnover | 34.40 | 35.23 | 38.75 | 39.28 | 47.62 |
| Inventory Turnover | 142.09 | 140.90 | 170.29 | 124.86 | 166.68 |
| Fixed Asset Turnover | 1.12 | 0.81 | 0.76 | 0.30 | 0.30 |
| Asset Turnover | 0.59 | 0.55 | 0.48 | 0.19 | 0.21 |
| Working Capital Turnover Ratio | -28.89 | -144.85 | 4.94 | 1.42 | 1.45 |
| Cash Conversion Cycle | 12.76 | 5.70 | 9.76 | 17.34 | 11.94 |
| Days of Sales Outstanding | 20.81 | 13.47 | 17.03 | 23.71 | 17.41 |
| Days of Inventory Outstanding | 2.57 | 2.59 | 2.14 | 2.92 | 2.19 |
| Days of Payables Outstanding | 10.61 | 10.36 | 9.42 | 9.29 | 7.66 |
| Operating Cycle | 23.37 | 16.06 | 19.18 | 26.64 | 19.60 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.37 | 4.36 | 4.23 | -1.04 | 0.02 |
| Free Cash Flow Per Share | 2.58 | 2.21 | 2.58 | -2.06 | -1.08 |
| Dividend Paid and CapEx Coverage Ratio | 1.46 | 1.48 | 2.07 | -1.02 | 0.02 |
| Capital Expenditure Coverage Ratio | 2.43 | 2.03 | 2.57 | -1.02 | 0.02 |
| Operating Cash Flow Coverage Ratio | 0.19 | 0.23 | 0.23 | -0.05 | 0.00 |
| Operating Cash Flow to Sales Ratio | 0.23 | 0.28 | 0.31 | -0.19 | 0.00 |
| Free Cash Flow Yield | 3.96% | 4.30% | 5.25% | -4.29% | -2.87% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 27.70 | 26.07 | 30.75 | -36.01 | -29.92 |
| Price-to-Sales (P/S) Ratio | 3.46 | 3.34 | 3.62 | 8.94 | 6.79 |
| Price-to-Book (P/B) Ratio | 28.29 | 13.09 | 9.12 | 9.46 | 14.41 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 25.27 | 23.24 | 19.06 | -23.32 | -34.90 |
| Price-to-Operating Cash Flow Ratio | 14.88 | 11.78 | 11.64 | -46.20 | 1917.13 |
| Price-to-Earnings Growth (PEG) Ratio | 1.44 | 1.13 | -0.14 | -3.18 | 0.89 |
| Enterprise Value Multiple | 12.73 | 11.80 | 11.85 | 132.17 | 221.80 |
| Enterprise Value | 57.27B | 47.85B | 46.47B | 46.39B | 41.70B |
| EV to EBITDA | 12.73 | 11.80 | 11.85 | 132.17 | 221.80 |
| EV to Sales | 4.40 | 4.24 | 4.48 | 11.29 | 9.85 |
| EV to Free Cash Flow | 32.18 | 29.47 | 23.59 | -29.46 | -50.60 |
| EV to Operating Cash Flow | 18.95 | 14.93 | 14.40 | -58.36 | 2779.86 |
| Tangible Book Value Per Share | 1.97 | 3.56 | 4.60 | 4.70 | 2.92 |
| Shareholders’ Equity Per Share | 2.30 | 3.92 | 5.40 | 5.08 | 2.61 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.16 | 0.11 | 0.19 | -0.11 | 0.00 |
| Revenue Per Share | 18.84 | 15.37 | 13.59 | 5.38 | 5.54 |
| Net Income Per Share | 2.35 | 1.97 | 1.60 | -1.34 | -1.26 |
| Tax Burden | 0.74 | 0.74 | 0.69 | 0.74 | 0.65 |
| Interest Burden | 0.75 | 0.73 | 0.68 | 2.02 | 1.73 |
| Research & Development to Revenue | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.09 | 0.10 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Income Quality | 1.62 | 1.83 | 2.26 | 0.52 | -0.01 |
Currency in USD