Las Vegasnds (Las Vegasnds) Interest Coverage

: 4.02 (As of Mar. 2024)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Las Vegasnds's Operating Income for the three months ended in Mar. 2024 was $731 Mil. Las Vegasnds's Interest Expense for the three months ended in Mar. 2024 was $-182 Mil. Las Vegasnds's interest coverage for the quarter that ended in Mar. 2024 was 4.02. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Las Vegasnds's Interest Coverage or its related term are showing as below:

LVS' s Interest Coverage Range Over the Past 10 Years
Min: 2.86 Med: 9.42 Max: 14.99
Current: 3.43

LVS's Interest Coverage is ranked worse than
60.07% of 606 companies
in the Travel & Leisure industry
Industry Median: 5.08 vs LVS: 3.43

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Las Vegasnds Interest Coverage Historical Data

The historical data trend for Las Vegasnds's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Las Vegasnds Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

7.67

2.86

Las Vegasnds Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage																1.80	2.58	3.46	3.76	4.02

Competitive Comparison

For the Resorts & Casinos subindustry, Las Vegasnds's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Las Vegasnds Interest Coverage Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Las Vegasnds's Interest Coverage falls into.

Las Vegasnds Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Las Vegasnds's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Las Vegasnds's Interest Expense was $-818 Mil. Its Operating Income was $2,340 Mil. And its Long-Term Debt & Capital Lease Obligation was $12,129 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2340	/	-818
	=	2.86

Las Vegasnds's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Las Vegasnds's Interest Expense was $-182 Mil. Its Operating Income was $731 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,914 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	731	/	-182
	=	4.02

The higher the ratio, the stronger the company's Financial Strength is.

Las Vegasnds (NYSE:LVS) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Las Vegasnds Interest Coverage Related Terms

Thank you for viewing the detailed overview of Las Vegasnds's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Las Vegasnds (Las Vegasnds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Las Vegas Sands Corp (NYSE:LVS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

LVS:Mexico LCR:Germany LCR:Germany L1VS34:Brazil LVS:Argentina

Address

5500 Haven Street, Las Vegas, NV, USA, 89119

Website

https://www.sands.com

Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. Its Venetian and Palazzo Las Vegas assets in the U.S. were sold to Apollo and VICI for $6.25 billion in 2022. We expect Sands to open a fourth tower in Singapore in 2029. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.

Executives

Miriam Adelson	10 percent owner	5500 HAVEN STREET, LAS VEGAS NV 89119
Charles D Forman	director	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Yibing Mao	director	C/O LAS VEGAS SANDS CORP., 3355 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Nora M. Jordan	director	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
D. Zachary Hudson	officer: EVP and Global General Counsel	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Xuan Yan	director	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Lawrence A Jacobs	officer: EVP & Global General Counsel	THE NEWS CORPORATION LIMITED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robert G Goldstein	officer: Senior Vice President	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
George Jamieson	director	C/O LAS VEGAS SANDS CORP, 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Lewis Kramer	director	C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Randy Hyzak	officer: SVP, Chief Accounting Officer	C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Patrick Dumont	officer: Principal Financial Officer	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Stephanie Marz	officer: Principal Accounting Officer	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
George Tanasijevich	officer: Pres & CEO, Marina Bay Sands	LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Ira H Raphaelson	officer: EVP & Global General Counsel	LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109