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Las Vegas Sands LVS Net debt / EBITDA

Net debt / EBITDA at other companies

VICI Properties Inc. logo
VICI Properties Inc.VICI
4.7×-0.8×
Host Hotels & Resorts logo
Host Hotels & ResortsHST
2.3×-0.7×
Flutter Entertainment logo
Flutter EntertainmentFLUT
7.3×+4.4×

Other financials

Income statement

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Revenue$3.6B+25.3%
Operating income$904.0M+48.4%
Net income$567.0M+61.1%
EPS (diluted)$0.85+73.5%

Balance sheet

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Cash & equivalents$3.5B+9.3%
Total debt$17.5B+4.2%
Total equity$1.2B-55.6%
Total assets$21.2B-0.3%

Cash flow

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Operating cash flow$731.0M+39.0%
CapEx$194.0M-48.8%
Free cash flow$537.0M+265%

Valuation

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Market cap$32.28B+30.9%
Enterprise value$46.38B+21.7%
P/E17.5×-1.4×
P/S2.4×+0.1×

Profitability

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Operating margin22.7%+2.2pp
Net margin13.4%+1.8pp

Returns & leverage

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Return on equity94.5%+55.3pp
Debt / equity14.6×+8.4×
Current ratio0.9×+0.3×

Where this comes from

Calculated from Las Vegas Sands’s reported figures.

Based on the most recent quarter.

The official record: Las Vegas Sands’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Las Vegas Sands's net debt / EBITDA?
Las Vegas Sands (LVS) reported net debt / EBITDA of 3.1× in Q1 2026.
How has Las Vegas Sands's net debt / EBITDA changed year-over-year?
Las Vegas Sands's net debt / EBITDA decreased by 17.9% year-over-year, from 3.8× to 3.1×.
What is the long-term trend for Las Vegas Sands's net debt / EBITDA?
Over 3 years (2022 to 2025), Las Vegas Sands's net debt / EBITDA has grown at a -59.4% compound annual growth rate (CAGR), from 203.6× to 13.7×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.