Sysco Corporation (SYY)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,860,000K
= 0.00
The debt-to-equity ratio for Sysco Corporation has been consistently reported as 0.00 in the past twenty quarters. This indicates that the company has not reported any debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company has either no debt at all or a negligible amount compared to its equity.
From a financial standpoint, a debt-to-equity ratio of 0.00 could imply a strong financial position, as the company is not relying heavily on debt to finance its operations. However, it is also important to consider the context of the industry and specific business strategies employed by the company when interpreting this ratio.
Further analysis and additional information about Sysco Corporation's capital structure and overall financial health would be necessary to provide a more comprehensive assessment of the company's leverage and risk profile.
Peer comparison
Jun 30, 2024