Sysco Corporation (SYY)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 26,774,000 | 26,347,000 | 25,318,000 | 25,880,000 | 24,917,000 | 24,712,300 | 24,740,600 | 23,272,800 | 22,821,100 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,830,000 | 1,922,000 | 2,014,000 | 2,207,000 | 1,860,000 | 2,100,950 | 2,404,030 | 2,125,800 | 2,008,620 | 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 |
| Financial leverage ratio | 14.63 | 13.71 | 12.57 | 11.73 | 13.40 | 11.76 | 10.29 | 10.95 | 11.36 | 14.41 | 15.37 | 19.91 | 15.98 | 16.89 | 17.55 | 13.21 | 13.79 | 15.79 | 15.76 | 17.49 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $26,774,000K ÷ $1,830,000K
= 14.63
The financial leverage ratio of Sysco Corporation over the period from September 2020 to June 2025 exhibits notable fluctuations, reflecting shifts in the company's reliance on debt relative to its equity base.
Initially, the ratio was relatively high at 17.49 as of September 2020, indicating a significant degree of leverage at that time. Between September 2020 and June 2021, the ratio experienced a decline, reaching a low of 13.21 in September 2021, suggesting a reduction in leverage and possibly an effort to deleverage or a decline in debt levels relative to equity.
From December 2021 onward, the ratio increased sharply, peaking at 19.91 in September 2022. This increase implies that Sysco took on additional debt or reduced its equity base, elevating its leverage during this period. Following this peak, the ratio decreased again, reaching a low of 10.29 at the end of 2023, indicating a significant reduction in leverage—potentially due to debt repayment or equity growth.
In 2024, the leverage ratio showed moderate fluctuation, climbing to 13.71 in March 2025 from a low of 10.95 in September 2023. The trend indicates a gradual increase in leverage, though remaining below the earlier peaks observed in 2022. The overall pattern suggests periods of both deleveraging and leveraging, influenced by the company's strategic financing decisions.
Throughout these observations, the ratio remains within a range that generally signifies moderate leverage levels, with periods of higher leverage possibly associated with strategic investments or operational needs, and lower levels indicating deleveraging phases. The gradual fluctuation suggests that Sysco has managed its leverage to maintain financial stability while accommodating growth and operational requirements over this period.
Peer comparison
Jun 30, 2025