Las Vegas Sands Corp (LVS) — Working Capital to Net Assets Ratio
Las Vegas Sands Corp (LVS) has a Working Capital to Net Assets ratio of 31.5% as of December 2025. Working capital of $610.00 Million (current assets of $4.83 Billion minus current liabilities of $4.22 Billion) is measured against net assets of $1.93 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Las Vegas Sands Corp (LVS) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Las Vegas Sands Corp Working Capital to Net Assets (2002–2025)
This chart shows how Las Vegas Sands Corp's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 31.5%, reflecting working capital of $610.00 Million against net assets of $1.93 Billion USD. See LVS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Las Vegas Sands Corp (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Las Vegas Sands Corp from 2002 to 2025, covering 24 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Las Vegas Sands Corp market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 31.5% | $610.00 Million | $1.93 Billion | $4.83 Billion | $4.22 Billion | ▲ +79.4 pp |
| 2024 | -47.8% | $-1.51 Billion | $3.16 Billion | $4.29 Billion | $5.80 Billion | ▼ -80.8 pp |
| 2023 | 33.0% | $1.35 Billion | $4.10 Billion | $5.78 Billion | $4.42 Billion | ▼ -44.7 pp |
| 2022 | 77.7% | $2.84 Billion | $3.66 Billion | $6.74 Billion | $3.90 Billion | ▼ -53.3 pp |
| 2021 | 131.0% | $2.94 Billion | $2.25 Billion | $5.51 Billion | $2.56 Billion | ▲ +49.3 pp |
| 2020 | 81.7% | $2.89 Billion | $3.54 Billion | $5.71 Billion | $2.82 Billion | ▲ +49.7 pp |
| 2019 | 32.0% | $2.08 Billion | $6.51 Billion | $5.30 Billion | $3.22 Billion | ▼ -3.7 pp |
| 2018 | 35.7% | $2.41 Billion | $6.75 Billion | $5.57 Billion | $3.16 Billion | ▲ +32.6 pp |
| 2017 | 3.2% | $241.00 Million | $7.63 Billion | $3.20 Billion | $2.96 Billion | ▼ -0.7 pp |
| 2016 | 3.9% | $292.00 Million | $7.50 Billion | $3.10 Billion | $2.81 Billion | ▼ -9.7 pp |
| 2015 | 13.6% | $1.15 Billion | $8.42 Billion | $3.61 Billion | $2.46 Billion | ▼ -14.0 pp |
| 2014 | 27.6% | $2.49 Billion | $9.02 Billion | $5.19 Billion | $2.70 Billion | ▲ +2.5 pp |
| 2013 | 25.1% | $2.39 Billion | $9.50 Billion | $5.52 Billion | $3.13 Billion | ▲ +3.7 pp |
| 2012 | 21.4% | $1.85 Billion | $8.66 Billion | $4.48 Billion | $2.62 Billion | ▼ -9.3 pp |
| 2011 | 30.7% | $2.90 Billion | $9.44 Billion | $5.40 Billion | $2.50 Billion | ▲ +12.3 pp |
| 2010 | 18.4% | $1.46 Billion | $7.93 Billion | $4.06 Billion | $2.60 Billion | ▼ -36.1 pp |
| 2009 | 54.5% | $3.78 Billion | $6.94 Billion | $5.62 Billion | $1.84 Billion | ▲ +4.6 pp |
| 2008 | 50.0% | $2.21 Billion | $4.43 Billion | $3.74 Billion | $1.53 Billion | ▲ +55.0 pp |
| 2007 | -5.1% | $-114.19 Million | $2.26 Billion | $1.38 Billion | $1.49 Billion | ▼ -22.3 pp |
| 2006 | 17.3% | $358.91 Million | $2.08 Billion | $1.09 Billion | $734.65 Million | ▲ +5.8 pp |
| 2005 | 11.5% | $184.34 Million | $1.61 Billion | $644.71 Million | $460.37 Million | ▼ -48.8 pp |
| 2004 | 60.2% | $792.57 Million | $1.32 Billion | $1.41 Billion | $612.56 Million | ▲ +29.8 pp |
| 2003 | 30.5% | $49.37 Million | $162.11 Million | $272.74 Million | $223.37 Million | ▼ -20.1 pp |
| 2002 | 50.6% | $50.74 Million | $100.38 Million | $212.24 Million | $161.49 Million | — |