diff --git a/reactivex/observable/combinelatest.py b/reactivex/observable/combinelatest.py
index ff3c5c0b..45cfb681 100644
--- a/reactivex/observable/combinelatest.py
+++ b/reactivex/observable/combinelatest.py
@@ -1,76 +1,93 @@
-from typing import Any, List, Optional, Tuple
+from typing import Any, List, Optional, Tuple, TypeVar
+import threading
 
 from reactivex import Observable, abc
 from reactivex.disposable import CompositeDisposable, SingleAssignmentDisposable
 
+T = TypeVar("T")
 
-def combine_latest_(*sources: Observable[Any]) -> Observable[Tuple[Any, ...]]:
-    """Merges the specified observable sequences into one observable
-    sequence by creating a tuple whenever any of the
-    observable sequences produces an element.
 
-    Examples:
-        >>> obs = combine_latest(obs1, obs2, obs3)
+def combine_latest_(*sources: Observable[T]) -> Observable[Tuple[T, ...]]:
+    """
+    Combine multiple observable sequences into one by emitting a tuple
+    containing the latest values from each source whenever any source emits.
+
+    The resulting observable emits only after all sources have emitted at
+    least once, and then emits again whenever any individual source produces
+    a new value. Completion occurs when all sources complete, or an error
+    is propagated immediately if any source fails.
+
+    Args:
+        *sources: Variable number of observable sources to combine.
 
     Returns:
-        An observable sequence containing the result of combining
-        elements of the sources into a tuple.
+        Observable[Tuple[T, ...]]: An observable that emits tuples with the
+        most recent values from all provided sources.
+
+    Raises:
+        ValueError: If no observable sources are provided.
+
+    Examples:
+        >>> obs = combine_latest_(obs1, obs2, obs3)
+        >>> obs.subscribe(print)
     """
+    if not sources:
+        raise ValueError("At least one observable source must be provided.")
 
     parent = sources[0]
+    lock = getattr(parent, "lock", threading.RLock())
 
     def subscribe(
-        observer: abc.ObserverBase[Any], scheduler: Optional[abc.SchedulerBase] = None
+        observer: abc.ObserverBase[Any],
+        scheduler: Optional[abc.SchedulerBase] = None,
     ) -> CompositeDisposable:
-
         n = len(sources)
-        has_value = [False] * n
-        has_value_all = [False]
-        is_done = [False] * n
-        values = [None] * n
+        has_value: List[bool] = [False] * n
+        is_done: List[bool] = [False] * n
+        values: List[Optional[T]] = [None] * n
+        has_value_all = False
 
-        def _next(i: Any) -> None:
+        def _next(i: int) -> None:
+            nonlocal has_value_all
             has_value[i] = True
+            has_value_all = all(has_value)
 
-            if has_value_all[0] or all(has_value):
-                res = tuple(values)
-                observer.on_next(res)
-
-            elif all([x for j, x in enumerate(is_done) if j != i]):
+            if has_value_all:
+                observer.on_next(tuple(values))
+            elif all(done for j, done in enumerate(is_done) if j != i):
                 observer.on_completed()
 
-            has_value_all[0] = all(has_value)
-
-        def done(i: Any) -> None:
+        def _done(i: int) -> None:
             is_done[i] = True
             if all(is_done):
                 observer.on_completed()
 
-        subscriptions: List[Optional[SingleAssignmentDisposable]] = [None] * n
+        subscriptions: List[SingleAssignmentDisposable] = [
+            SingleAssignmentDisposable() for _ in range(n)
+        ]
 
-        def func(i: int) -> None:
-            subscriptions[i] = SingleAssignmentDisposable()
+        for i, source in enumerate(sources):
+            sad = subscriptions[i]
 
-            def on_next(x: Any) -> None:
-                with parent.lock:
-                    values[i] = x
-                    _next(i)
+            def on_next(x: Any, index=i) -> None:
+                with lock:
+                    values[index] = x
+                    _next(index)
 
-            def on_completed() -> None:
-                with parent.lock:
-                    done(i)
+            def on_completed(index=i) -> None:
+                with lock:
+                    _done(index)
 
-            subscription = subscriptions[i]
-            assert subscription
-            subscription.disposable = sources[i].subscribe(
-                on_next, observer.on_error, on_completed, scheduler=scheduler
+            sad.disposable = source.subscribe(
+                on_next,
+                observer.on_error,
+                on_completed,
+                scheduler=scheduler,
             )
 
-        for idx in range(n):
-            func(idx)
         return CompositeDisposable(subscriptions)
 
-    return Observable(subscribe)
+    return Observable(subscribe=subscribe)
 
 
 __all__ = ["combine_latest_"]