Sysco Corporation (SYY)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 24,917,000 | 24,712,300 | 24,740,600 | 23,272,800 | 22,821,000 | 22,702,000 | 22,087,200 | 22,210,900 | 22,085,700 | 22,323,700 | 21,426,800 | 22,102,900 | 21,413,500 | 22,043,300 | 22,489,900 | 22,741,600 | 22,628,300 | 20,432,300 | 19,372,000 | 18,956,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Sysco Corporation has consistently been 0.00 for the periods indicated in the table. This indicates that the company has been financing its assets predominantly through equity rather than debt. A low or zero debt-to-assets ratio is generally considered favorable as it signifies lower financial risk and less reliance on borrowed funds to finance operations. It suggests that the company's assets are largely funded by shareholders' equity, which can provide greater financial stability and flexibility in challenging economic environments. Additionally, a low debt-to-assets ratio may indicate a strong creditworthiness and ability to weather downturns or unforeseen events. However, it's essential to assess other financial metrics and factors alongside this ratio to gain a comprehensive understanding of Sysco Corporation's overall financial health and performance.
Peer comparison
Jun 30, 2024