Sysco Corporation (SYY)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,071,000 | 1,527,000 | 793,000 | 733,000 | 696,000 | 598,322 | 962,165 | 569,104 | 745,201 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,203 | 2,678 | 4,013 |
| Total current liabilities | US$ in thousands | 9,916,000 | 9,735,000 | 9,553,000 | 9,399,000 | 9,241,000 | 8,366,270 | 8,254,470 | 8,454,160 | 8,540,430 | 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 |
| Cash ratio | 0.11 | 0.16 | 0.08 | 0.08 | 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 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,071,000K
+ $—K)
÷ $9,916,000K
= 0.11
The cash ratio of Sysco Corporation has experienced significant fluctuations over the period examined, indicating variability in the company's liquidity position. Initially, at the end of September 2020, the cash ratio stood at 0.84, reflecting a robust level of cash relative to current liabilities. This level increased slightly to 0.86 at the end of December 2020, maintaining a strong liquidity position in the early part of the observed period.
Subsequently, the cash ratio demonstrated a declining trend, reaching a low of 0.05 as of September 2022, suggesting a substantial decrease in cash holdings compared to current liabilities. This continuous decline over the following periods indicates a significant reduction in the company's short-term liquidity cushion, potentially reflecting increased operational expenses, strategic cash allocations, or a shift toward other current assets.
Despite this downward trajectory, the cash ratio showed signs of stabilization and modest recovery beginning around the end of 2022. By December 2022, the ratio modestly increased to 0.06, and it persisted at low levels through the first half of 2023, remaining approximately around 0.07 to 0.09. In the most recent periods, there was a slight upward trend, with the ratio reaching 0.12 by December 2023 and oscillating around 0.07 to 0.08 in the first half of 2024.
A notable increase occurred in March 2025, when the cash ratio surged to 0.16, nearly doubling from the previous quarter and suggesting an improvement in cash reserves relative to current liabilities. This elevated level persisted at 0.11 in June 2025, indicating a stronger liquidity stance compared to the recent past.
Overall, the trajectory of the cash ratio indicates that Sysco's liquidity position has weakened substantially from early 2020 through late 2022, reflecting potential strategic shifts or operational impacts. The subsequent period displays signs of stabilization and gradual improvement, culminating in a notable upward movement by early 2025. This pattern underscores the importance of scrutinizing the company's cash management strategies and their implications for short-term financial health.
Peer comparison
Jun 30, 2025