Sysco Corporation (SYY)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| 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 |
The solvency ratios of Sysco Corporation, as indicated by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, have consistently remained at 0.00 over the periods shown. This suggests that the company has not taken on any significant debt relative to its assets, capital, or equity.
However, the financial leverage ratio has shown some variability over the periods, ranging from 7.66 to 19.91. A higher financial leverage ratio indicates higher financial risk, as the company is relying more on debt to finance its operations.
Overall, based on the solvency ratios analyzed, Sysco Corporation appears to have a conservative debt management strategy, reflected in its low debt levels in relation to its assets, capital, and equity. However, it is important for the company to monitor fluctuations in the financial leverage ratio to ensure sustainable and stable financial health.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 168.53 | 107.95 | 106.56 | 103.46 | 98.35 | 102.58 | 93.91 | 85.25 | 81.19 | 80.48 | 67.20 | 56.95 | 48.01 | 11.95 | 7.09 | 28.69 | 44.08 | 148.13 | 138.06 | 111.21 |
Sysco Corporation's interest coverage ratio has shown fluctuations over the past several quarters. The interest coverage ratio measures the company's ability to meet its interest obligations through its operating income. A higher interest coverage ratio indicates a stronger ability to cover interest expenses.
From December 2019 to March 2020, there was a significant decrease in the interest coverage ratio from 148.13 to 7.09, indicating a potential strain on the company's ability to cover interest payments. However, there was a notable improvement in the interest coverage ratio in the following quarters, reaching 168.53 by June 2024.
Overall, Sysco Corporation's interest coverage ratio has shown resilience and improvement over time, with the company demonstrating a strong ability to cover its interest expenses with operating income. However, investors and analysts may want to continue monitoring this ratio to ensure the company's financial health and ability to meet its debt obligations.