Sysco Corporation (SYY)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 696,000 | 745,000 | 867,086 | 3,007,120 | 6,059,430 |
| Short-term investments | US$ in thousands | 24,000 | 12,767 | 5,983 | — | 1,388 |
| Receivables | US$ in thousands | 5,346,000 | 5,097,780 | 4,874,850 | 3,790,270 | 3,001,560 |
| Total current liabilities | US$ in thousands | 9,241,000 | 8,540,000 | 8,750,050 | 7,319,840 | 6,717,850 |
| Quick ratio | 0.66 | 0.69 | 0.66 | 0.93 | 1.35 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($696,000K
+ $24,000K
+ $5,346,000K)
÷ $9,241,000K
= 0.66
The quick ratio of Sysco Corporation has demonstrated a downward trend over the past five years, decreasing from 1.35 in 2020 to 0.66 in 2024. This trend may indicate a potential liquidity concern for the company as it suggests a lower ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1.0 may signal that Sysco could face challenges meeting its immediate financial obligations without relying on selling inventory or obtaining additional financing. Further analysis of the company's current assets and liabilities is recommended to assess its liquidity position and financial stability effectively.
Peer comparison
Jun 30, 2024