Sysco Corporation (SYY)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,860,000 | 2,100,950 | 2,404,030 | 2,125,800 | 2,009,000 | 1,575,300 | 1,436,590 | 1,115,340 | 1,382,260 | 1,321,410 | 1,221,070 | 1,673,290 | 1,552,900 | 1,395,600 | 1,426,800 | 1,300,010 | 1,158,610 | 2,028,890 | 2,527,530 | 2,454,750 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,860,000K)
= 0.00
The debt-to-capital ratio of Sysco Corporation has consistently been reported as 0.00 across multiple quarters, indicating that the company has not utilized debt financing as part of its capital structure during the periods presented. This implies that Sysco has relied primarily on equity financing to fund its operations and expansion initiatives. A debt-to-capital ratio of 0.00 suggests that the company has no financial leverage resulting from debt obligations, which can be viewed positively in terms of lower financial risk and interest expense. However, it is essential to consider the potential limitations of relying solely on equity financing, such as missed opportunities for tax benefits associated with debt financing or limited flexibility in managing the capital structure.
Peer comparison
Jun 30, 2024