Sysco Corporation (SYY)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 24,917,000 | 22,821,000 | 22,085,700 | 21,413,500 | 22,628,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $24,917,000K
= 0.00
The debt-to-assets ratio of Sysco Corporation has consistently been reported as 0.00 over the past five years, from June 30, 2020, to June 30, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. Operating with a debt-to-assets ratio of 0.00 signifies that Sysco Corporation relies solely on equity financing to support its operations and investments. This low debt level can indicate a strong financial position, as the company is not burdened by interest payments and has a lower risk of financial distress due to debt obligations. However, it is important to consider that while a low debt-to-assets ratio can be beneficial in terms of financial stability, it may also suggest missed opportunities for leveraging debt to potentially enhance returns on equity. Overall, Sysco Corporation's consistent 0.00 debt-to-assets ratio reflects a conservative approach to capital structure and financial risk management.
Peer comparison
Jun 30, 2024