Las Vegas Sands Balance Sheet
NYSE: LVSConsumer DiscretionaryHotels/ResortsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Las Vegas Sands financial position
At the end of fiscal 2025, Las Vegas Sands reported total assets of $21.92 billion, up 6.1% from a year earlier against total liabilities of $19.99 billion. Shareholders' equity stood at $1.59 billion, or 7.3% of assets. The company held $3.84 billion in cash and equivalents against $15.78 billion of debt, a net debt position of $11.94 billion.
The current ratio (current assets divided by current liabilities) was 1.14, meaning short-term assets cover obligations due within a year. Debt-to-equity was 9.93.
Summary generated from market data by MetaCap's automated system. Methodology
Las Vegas Sands balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.84B | 3.65B | 5.11B | 6.31B | 1.85B | 2.08B | 4.23B | 4.65B | 2.42B | 2.13B |
| Receivables | 742.00M | 417.00M | 484.00M | 267.00M | 202.00M | 252.00M | 844.00M | 726.00M | 615.00M | 776.00M |
| Inventory | 46.00M | 41.00M | 38.00M | 28.00M | 22.00M | 22.00M | 37.00M | 35.00M | 37.00M | 46.00M |
| Total Current Assets | 4.83B | 4.29B | 5.78B | 6.74B | 5.51B | 5.71B | 5.30B | 5.57B | 3.20B | 3.10B |
| Property, Plant & Equipment | 11.67B | 11.99B | 11.44B | 11.45B | 11.85B | 12.28B | 14.84B | 15.15B | 15.52B | 15.90B |
| Goodwill | 103.00M | 102.00M | 103.00M | 10.00M | — | — | — | — | — | — |
| Intangible Assets | 470.00M | 443.00M | 495.00M | 64.00M | 19.00M | 25.00M | 42.00M | 72.00M | 89.00M | 103.00M |
| Total Assets | 21.92B | 20.67B | 21.78B | 22.04B | 20.06B | 20.81B | 23.20B | 22.55B | 20.69B | 20.47B |
| Accounts Payable | 190.00M | 164.00M | 167.00M | 89.00M | 77.00M | 89.00M | 149.00M | 178.00M | 171.00M | 128.00M |
| Short-Term Debt | 1.13B | 3.16B | 1.90B | 2.03B | 74.00M | 75.00M | 70.00M | 111.00M | 296.00M | 167.00M |
| Total Current Liabilities | 4.22B | 5.80B | 4.42B | 3.90B | 2.56B | 2.82B | 3.22B | 3.16B | 2.96B | 2.81B |
| Long-Term Debt | 14.66B | 10.59B | 12.13B | 13.95B | 14.72B | 13.93B | 12.42B | 11.87B | 9.34B | 9.43B |
| Total Liabilities | 19.99B | 17.51B | 17.67B | 18.38B | 17.81B | 17.27B | 16.69B | 15.80B | 13.06B | 12.97B |
| Shareholders' Equity | 1.59B | 2.88B | 4.12B | 3.88B | 2.00B | 2.97B | 5.19B | 5.68B | 6.49B | 6.18B |
| Retained Earnings | 4.39B | 3.46B | 2.60B | 1.68B | -148.00M | 813.00M | 3.10B | 2.77B | 2.71B | 2.22B |
| Total Debt | 15.78B | 13.75B | 14.03B | 15.98B | 14.79B | 14.00B | 12.49B | 11.98B | 9.64B | 9.60B |
| Net Cash (Debt) | -11.94B | -10.10B | -8.92B | -9.67B | -12.94B | -11.92B | -8.27B | -7.34B | -7.22B | -7.47B |
| Shares Outstanding | 675.00M | 716.00M | 753.00M | 764.00M | 764.00M | 764.00M | 764.00M | 775.00M | 789.00M | 795.00M |
This table shows 10 annual periods of Las Vegas Sands's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow LVS's reporting calendar. What is a balance sheet?