Sysco Corporation (SYY)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 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 | 19.53 | 10.07 | 7.66 | 7.72 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $24,917,000K ÷ $1,860,000K
= 13.40
The financial leverage ratio of Sysco Corporation has fluctuated over the past several quarters. The ratio measures the extent to which the company relies on debt to finance its operations and growth. A higher financial leverage ratio indicates a higher level of financial risk due to the increased debt burden.
From the data provided, we can see that the financial leverage ratio has ranged from a low of 7.66 to a high of 19.91 over the period. In recent quarters, the ratio has generally been on the higher side, indicating a stronger reliance on debt financing. However, there have been fluctuations in the ratio, with some quarters showing a decrease in leverage compared to others.
It is important for investors and analysts to monitor changes in the financial leverage ratio as it can impact the company's ability to meet its financial obligations and affect its overall financial stability. Additionally, a high leverage ratio may indicate that the company is taking on excessive debt, which could potentially lead to financial distress if not managed effectively.
Peer comparison
Jun 30, 2024