Sysco Corporation (SYY)
Cash ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 696,000 | 598,322 | 962,165 | 569,104 | 745,000 | 757,867 | 500,340 | 437,670 | 867,086 | 876,139 | 1,374,280 | 2,067,870 | 3,007,120 | 4,895,720 | 5,767,030 | 5,985,530 | 6,059,430 | 2,240,810 | 524,578 | 455,482 |
| Short-term investments | US$ in thousands | 24,000 | 23,676 | 23,032 | 22,838 | 12,767 | — | — | — | 5,983 | — | — | — | — | 1,203 | 2,678 | 4,013 | 1,388 | 11,976 | 15,047 | 12,017 |
| Total current liabilities | US$ in thousands | 9,241,000 | 8,366,270 | 8,254,470 | 8,454,160 | 8,540,000 | 8,980,740 | 8,388,520 | 8,959,260 | 8,750,050 | 8,372,190 | 7,593,560 | 7,737,980 | 7,319,840 | 7,007,930 | 6,716,540 | 7,168,070 | 6,717,850 | 6,625,010 | 6,931,970 | 6,101,470 |
| Cash ratio | 0.08 | 0.07 | 0.12 | 0.07 | 0.09 | 0.08 | 0.06 | 0.05 | 0.10 | 0.10 | 0.18 | 0.27 | 0.41 | 0.70 | 0.86 | 0.84 | 0.90 | 0.34 | 0.08 | 0.08 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($696,000K
+ $24,000K)
÷ $9,241,000K
= 0.08
The cash ratio of Sysco Corporation has shown fluctuations over the past several quarters. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
Looking at the data provided, the cash ratio has varied between 0.05 and 0.90 over the past few years. In the most recent quarter, the cash ratio was 0.08, indicating that Sysco had $0.08 in cash and cash equivalents for every $1 of current liabilities.
The highest cash ratio observed was 0.90 in the first quarter of 2020, suggesting a strong liquidity position at that time. On the other hand, the lowest cash ratio was 0.05 in September 2022, indicating a relatively weaker liquidity position.
Overall, it is important for investors and creditors to closely monitor Sysco's cash ratio to assess the company's ability to meet its short-term obligations and manage liquidity effectively. Further analysis and comparison with industry benchmarks may provide additional insights into Sysco's financial health.
Peer comparison
Jun 30, 2024