Las Vegas Sands (LVS) Debt to Equity (2010 - 2026)
Las Vegas Sands (LVS) recorded quarterly Debt to Equity of $13.13 in Q1 2026, up 60.82% quarter-over-quarter from $8.16 in Q4 2025, and up 187.41% on a YoY basis from $4.57 in Q1 2025.
Las Vegas Sands (LVS) Debt to Equity (2010 - 2026) Analysis & Trends
Las Vegas Sands' Debt to Equity history runs 17 years deep, the most recent figure standing at $13.13 for Q1 2026.
- In Q1 2026, Debt to Equity rose 187.41% year-over-year to $13.13; the TTM figure through Mar 2026 stood at $13.13 (up 187.41% YoY), while the FY2025 annual figure was $8.16, up 87.53% from the prior year.
- Debt to Equity was $13.13 for Q1 2026 at Las Vegas Sands, up from $8.16 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $13.13 in Q1 2026 to a low of $3.2 in Q1 2022.
- Historically, Debt to Equity has averaged $5.06 across 5 years, with a median of $4.04 in 2022.
- The sharpest annual moves came in 2022 and 2026: Debt to Equity sank 33.6% in 2022, then jumped 187.41% in 2026.
- A 5-year view of Debt to Equity shows it stood at $4.37 in 2022, then retreated by 21.78% to $3.42 in 2023, then increased by 27.31% to $4.35 in 2024, then soared by 87.53% to $8.16 in 2025, then soared by 60.82% to $13.13 in 2026.
- The last three Debt to Equity figures came in at $13.13 (Q1 2026), $8.16 (Q4 2025), and $8.45 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | -49.69 |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 0.90 |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | - |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 3.28 |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 4.55 |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | - |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 24.86 |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 1.16 |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 1.61 |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | 13.13 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.13 |
| Dec 31, 2025 | 8.16 |
| Sep 30, 2025 | 8.45 |
| Jun 30, 2025 | 6.93 |
| Mar 31, 2025 | 4.57 |
| Dec 31, 2024 | 4.35 |
| Sep 30, 2024 | 3.84 |
| Jun 30, 2024 | 3.53 |
| Mar 31, 2024 | 3.47 |
| Dec 31, 2023 | 3.42 |
| Sep 30, 2023 | 3.23 |
| Jun 30, 2023 | 3.59 |
| Mar 31, 2023 | 4.18 |
| Dec 31, 2022 | 4.37 |
| Sep 30, 2022 | 4.04 |
| Jun 30, 2022 | 3.65 |
| Mar 31, 2022 | 3.20 |
| Dec 31, 2021 | 6.58 |
| Sep 30, 2021 | 5.98 |
| Jun 30, 2021 | 4.90 |