Las Vegas Sands (LVS) Debt Ratio (2009 - 2026)

Las Vegas Sands' (LVS) quarterly Debt Ratio came in at 0.74 in Q1 2026, up 13.9% year-on-year from 0.65 in Q1 2025, and up 3.12% quarter-over-quarter from 0.72 in Q4 2025.

Las Vegas Sands (LVS) Debt Ratio (2009 - 2026) Analysis & Trends

Las Vegas Sands' Debt Ratio history runs 18 years deep, the most recent figure standing at 0.74 for Q1 2026.

  • On a quarterly basis, Debt Ratio rose 13.9% year-over-year to 0.74 in Q1 2026; TTM through Mar 2026 was 0.74, a 13.9% increase from a year earlier, with the FY2025 full-year figure at 0.72, up 8.21% from the prior year.
  • Debt Ratio rose to 0.74 in Q1 2026 per LVS's latest filing, from 0.72 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.74 in Q1 2026 and bottomed at 0.64 in Q4 2023.
  • The 5-year median for Debt Ratio is 0.67 (2022), against an average of 0.69.
  • Across the five-year window, Debt Ratio slipped 11.15% in 2023 and increased 13.9% in 2026, its largest moves.
  • Year by year, Debt Ratio stood at 0.72 in 2022, then retreated by 11.15% to 0.64 in 2023, then grew by 3.3% to 0.67 in 2024, then increased by 8.21% to 0.72 in 2025, then climbed by 3.12% to 0.74 in 2026.
  • Per Business Quant, the three latest LVS Debt Ratio figures stand at 0.74 (Q1 2026), 0.72 (Q4 2025), and 0.73 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 0.74
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 0.15
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 0.86
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 0.34
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - 1.13
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 0.38
7 Vail Resorts 5.23 Bn 5.21 Bn - 0.53
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 0.40
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 0.84
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn 0.74

Historic Data

Download Data
DateValue
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
Sep 30, 2021 0.73
Jun 30, 2021 0.71