Sysco Corporation (SYY)
Debt-to-capital ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,860,000 | 2,009,000 | 1,382,260 | 1,552,900 | 1,158,610 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,860,000K)
= 0.00
Sysco Corporation has consistently reported a debt-to-capital ratio of 0.00 over the past five years. This indicates that the company has not utilized debt financing as a significant source of capital relative to its total capital structure. A debt-to-capital ratio of 0.00 suggests that Sysco has been funding its operations predominantly through equity or internally generated funds rather than taking on debt. This could imply a lower financial risk for the company as it is not heavily leveraged, potentially reducing interest expenses and financial obligations. However, it is important to note that a zero debt-to-capital ratio may also signify missed opportunities for leveraging debt to potentially enhance returns, depending on market conditions and growth prospects.
Peer comparison
Jun 30, 2024