Sysco Corporation (SYY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,043,000 | 11,204,900 | 11,309,600 | 10,895,700 | 10,608,000 | 10,898,600 | 10,396,000 | 10,767,300 | 10,483,200 | 10,413,300 | 10,063,200 | 10,688,200 | 10,733,600 | 11,586,800 | 11,991,400 | 12,433,100 | 12,348,200 | 9,857,780 | 8,661,610 | 8,484,160 |
| 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 |
| Current ratio | 1.20 | 1.34 | 1.37 | 1.29 | 1.24 | 1.21 | 1.24 | 1.20 | 1.20 | 1.24 | 1.33 | 1.38 | 1.47 | 1.65 | 1.79 | 1.73 | 1.84 | 1.49 | 1.25 | 1.39 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $11,043,000K ÷ $9,241,000K
= 1.20
The current ratio of Sysco Corporation has fluctuated over the past several quarters. As of June 30, 2024, the current ratio stands at 1.20, indicating that the company's current assets slightly exceed its current liabilities. This ratio has decreased compared to the previous quarter, suggesting that the company may have experienced some challenges in managing its short-term obligations.
Looking at the trend over the past few quarters, the current ratio has shown some variability, ranging from a low of 1.20 to a high of 1.84. This variability may reflect changes in the company's liquidity position and its ability to meet its short-term financial obligations.
It is important to note that while a current ratio above 1.0 generally indicates a company can cover its short-term liabilities with its current assets, the ideal ratio may vary by industry and company circumstances. Therefore, further analysis and comparison to industry benchmarks would be beneficial to assess the adequacy of Sysco Corporation's current ratio.
Peer comparison
Jun 30, 2024