Las Vegas Sands annual net debt
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2025
Las Vegas Sands Net Debt Growth & History (LVS)
Las Vegas Sands's net debt was $12.27B for fiscal 2025.
View full Las Vegas Sands company overviewLas Vegas Sands annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $12.27B | $1.92B | +18.52% |
| 2024 | 2024-12-31 | $10.36B | $1.08B | +11.66% |
| 2023 | 2023-12-31 | $9.27B | −$666.0M | −6.70% |
| 2022 | 2022-12-31 | $9.94B | −$3.32B | −25.05% |
| 2021 | 2021-12-31 | $13.26B | $877.0M | +7.08% |
| 2020 | 2020-12-31 | $12.39B | $3.69B | +42.35% |
| 2019 | 2019-12-31 | $8.70B | $1.28B | +17.25% |
| 2018 | 2018-12-31 | $7.42B | $200.0M | +2.77% |
| 2017 | 2017-12-31 | $7.22B | −$246.0M | −3.29% |
| 2016 | 2016-12-31 | $7.47B | $302.0M | +4.21% |
| 2015 | 2015-12-31 | $7.17B | $678.4M | +10.46% |
| 2014 | 2014-12-31 | $6.49B | $326.4M | +5.30% |
| 2013 | 2013-12-31 | $6.16B | −$1.56B | −20.18% |
| 2012 | 2012-12-31 | $7.72B | $1.59B | +25.89% |
| 2011 | 2011-12-31 | $6.13B | −$973.5M | −13.70% |
| 2010 | 2010-12-31 | $7.10B | $1.03B | +17.03% |
| 2009 | 2009-12-31 | $6.07B | — | — |
Las Vegas Sands quarterly net debt
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Q2.10
Q3.10
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Q1.11
Q2.11
Q3.11
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Q3.23
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $11.89B | −$484.0M | −3.91% |
| Q1 2026 | 2026-03-31 | $12.39B | $1.58B | +14.60% |
| Q4 2025 | 2025-12-31 | $12.27B | $1.92B | +18.52% |
| Q3 2025 | 2025-09-30 | $12.42B | $2.62B | +26.67% |
| Q2 2025 | 2025-06-30 | $12.37B | $3.34B | +37.03% |
| Q1 2025 | 2025-03-31 | $10.81B | $1.81B | +20.15% |
| Q4 2024 | 2024-12-31 | $10.36B | $1.08B | +11.66% |
| Q3 2024 | 2024-09-30 | $9.80B | $984.0M | +11.16% |
| Q2 2024 | 2024-06-30 | $9.03B | −$125.0M | −1.37% |
| Q1 2024 | 2024-03-31 | $9.00B | −$456.0M | −4.82% |
| Q4 2023 | 2023-12-31 | $9.27B | −$666.0M | −6.70% |
| Q3 2023 | 2023-09-30 | $8.82B | −$637.0M | −6.74% |
| Q2 2023 | 2023-06-30 | $9.15B | $225.0M | +2.52% |
| Q1 2023 | 2023-03-31 | $9.46B | $910.0M | +10.65% |
| Q4 2022 | 2022-12-31 | $9.94B | −$3.32B | −25.05% |
| Q3 2022 | 2022-09-30 | $9.46B | −$3.43B | −26.64% |
| Q2 2022 | 2022-06-30 | $8.93B | −$3.47B | −27.97% |
| Q1 2022 | 2022-03-31 | $8.55B | −$3.83B | −30.92% |
| Q4 2021 | 2021-12-31 | $13.26B | $877.0M | +7.08% |
| Q3 2021 | 2021-09-30 | $12.89B | $1.36B | +11.79% |
| Q2 2021 | 2021-06-30 | $12.39B | $1.57B | +14.52% |
| Q1 2021 | 2021-03-31 | $12.37B | $2.65B | +27.28% |
| Q4 2020 | 2020-12-31 | $12.39B | $3.69B | +42.35% |
| Q3 2020 | 2020-09-30 | $11.53B | $3.08B | +36.46% |
| Q2 2020 | 2020-06-30 | $10.82B | $2.49B | +29.82% |
| Q1 2020 | 2020-03-31 | $9.72B | $1.52B | +18.52% |
| Q4 2019 | 2019-12-31 | $8.70B | $1.28B | +17.25% |
| Q3 2019 | 2019-09-30 | $8.45B | $1.24B | +17.23% |
| Q2 2019 | 2019-06-30 | $8.34B | $1.36B | +19.55% |
| Q1 2019 | 2019-03-31 | $8.20B | $1.18B | +16.76% |
| Q4 2018 | 2018-12-31 | $7.42B | $200.0M | +2.77% |
| Q3 2018 | 2018-09-30 | $7.21B | −$408.0M | −5.36% |
| Q2 2018 | 2018-06-30 | $6.97B | −$860.0M | −10.98% |
| Q1 2018 | 2018-03-31 | $7.02B | −$810.0M | −10.34% |
| Q4 2017 | 2017-12-31 | $7.22B | −$246.0M | −3.29% |
| Q3 2017 | 2017-09-30 | $7.62B | −$350.9M | −4.40% |
| Q2 2017 | 2017-06-30 | $7.83B | −$215.6M | −2.68% |
| Q1 2017 | 2017-03-31 | $7.83B | $142.8M | +1.86% |
| Q4 2016 | 2016-12-31 | $7.47B | $302.0M | +4.21% |
| Q3 2016 | 2016-09-30 | $7.97B | $693.4M | +9.53% |
| Q2 2016 | 2016-06-30 | $8.05B | $1.05B | +14.99% |
| Q1 2016 | 2016-03-31 | $7.69B | $856.7M | +12.54% |
| Q4 2015 | 2015-12-31 | $7.17B | $678.4M | +10.46% |
| Q3 2015 | 2015-09-30 | $7.27B | $482.0M | +7.10% |
| Q2 2015 | 2015-06-30 | $7.00B | −$86.6M | −1.22% |
| Q1 2015 | 2015-03-31 | $6.83B | −$135.9M | −1.95% |
| Q4 2014 | 2014-12-31 | $6.49B | $326.4M | +5.30% |
| Q3 2014 | 2014-09-30 | $6.79B | $237.0M | +3.62% |
| Q2 2014 | 2014-06-30 | $7.09B | $109.0M | +1.56% |
| Q1 2014 | 2014-03-31 | $6.97B | −$478.2M | −6.42% |
| Q4 2013 | 2013-12-31 | $6.16B | −$1.56B | −20.18% |
| Q3 2013 | 2013-09-30 | $6.55B | $902.0M | +15.96% |
| Q2 2013 | 2013-06-30 | $6.98B | $1.13B | +19.22% |
| Q1 2013 | 2013-03-31 | $7.45B | — | — |
| Q4 2012 | 2012-12-31 | $7.72B | $1.59B | +25.89% |
| Q3 2012 | 2012-09-30 | $5.65B | −$135.4M | −2.34% |
| Q2 2012 | 2012-06-30 | $5.85B | −$727.6M | −11.06% |
| Q4 2011 | 2011-12-31 | $6.13B | −$973.5M | −13.70% |
| Q3 2011 | 2011-09-30 | $5.79B | −$1.38B | −19.31% |
| Q2 2011 | 2011-06-30 | $6.58B | $271.9M | +4.31% |
| Q1 2011 | 2011-03-31 | $6.97B | — | — |
| Q4 2010 | 2010-12-31 | $7.10B | $1.03B | +17.03% |
| Q3 2010 | 2010-09-30 | $7.17B | — | — |
| Q2 2010 | 2010-06-30 | $6.31B | — | — |
| Q4 2009 | 2009-12-31 | $6.07B | — | — |
Las Vegas Sands net debt trends
Over the last five fiscal years, Las Vegas Sands's net debt decreased from $12.39B to $12.27B, a change of −$113.0M. The latest reported quarter, Q2 2026, shows $11.89B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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