Las Vegas Sands (LVS) Debt Ratio (2009 - 2026)
Las Vegas Sands' (LVS) Debt Ratio was 0.80 for Q3 2026, up 8.4% from 0.73 a year earlier and up 3.8% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Debt Ratio (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Las Vegas Sands' Debt Ratio came in at 3.20, up 336.8% year-over-year; for FY2025, it came in at 0.72, up 8.2% from FY2024.
- By year, Debt Ratio came in at 0.67 in FY2024 (+3.3%), 0.64 in FY2023 (-11.1%), 0.72 in FY2022 (-1.7%) and 0.74 in FY2021 (+9.6%).
- The Q3 2026 figure ranks as the highest quarterly Debt Ratio in data going back to Q4 2009.
- Year over year, Debt Ratio has now increased in each of the last six quarters, with growth averaging 7.8% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q1 2026 (growth of 13.9%); the low point was Q4 2023 (a decline of 11.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.77 (Q2 2026), 0.74 (Q1 2026) and 0.72 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 0.80 |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | 0.45 |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 0.17 |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | 0.13 |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 0.82 |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 0.14 |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | 0.17 |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 0.79 |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 0.63 |
| 10 | Caesars Entertainment | 5.97 Bn | 2.39 Bn | 1.44 Bn | 0.37 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.80 |
| Jun 30, 2026 | 0.77 |
| Mar 31, 2026 | 0.74 |
| Dec 31, 2025 | 0.72 |
| Sep 30, 2025 | 0.73 |
| Jun 30, 2025 | 0.72 |
| Mar 31, 2025 | 0.65 |
| Dec 31, 2024 | 0.67 |
| Sep 30, 2024 | 0.66 |
| Jun 30, 2024 | 0.65 |
| Mar 31, 2024 | 0.66 |
| Dec 31, 2023 | 0.64 |
| Sep 30, 2023 | 0.65 |
| Jun 30, 2023 | 0.67 |
| Mar 31, 2023 | 0.70 |
| Dec 31, 2022 | 0.72 |
| Sep 30, 2022 | 0.71 |
| Jun 30, 2022 | 0.70 |
| Mar 31, 2022 | 0.67 |
| Dec 31, 2021 | 0.74 |
API Access
Las Vegas Sands Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();