Sysco (SYY) Interest Expense

: $-555 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sysco's interest expense for the three months ended in Dec. 2023 was $ -150 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-555 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Sysco's Operating Income for the three months ended in Dec. 2023 was $ 700 Mil. Sysco's Interest Expense for the three months ended in Dec. 2023 was $ -150 Mil. Sysco's Interest Coverage for the quarter that ended in Dec. 2023 was 4.68. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sysco Interest Expense Historical Data

The historical data trend for Sysco's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sysco Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-360.42

-408.22

-880.14

-623.64

-526.75

Sysco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-132.04	-134.93	-135.63	-134.33	-149.68

Sysco Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-555 Mil.

Sysco (NYSE:SYY) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sysco's Interest Expense for the three months ended in Dec. 2023 was $-150 Mil. Its Operating Income for the three months ended in Dec. 2023 was $700 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $12,765 Mil.

Sysco's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	700.043	/	-149.68
	=	4.68

The higher the ratio, the stronger the company's financial strength is.

Sysco (SYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sysco Corp (NYSE:SYY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SYY:Germany SYY:Germany SYY:Germany SYY:Argentina

Address

1390 Enclave Parkway, Houston, TX, USA, 77077-2099

Website

https://www.sysco.com

Sysco is the largest U.S. foodservice distributor with 17% share of the highly fragmented $350 billion domestic market. Sysco distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%) and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firm's revenue was derived from its U.S. foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments made up the difference.

Executives

Sheila Talton	director	C/O ACCO BRANDS CORPORATION, 300 TOWER PARKWAY, LINCOLNSHIRE IL 60201
Jennifer L Johnson	officer: SVP and CAO	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Victoria L Gutierrez	officer: SVP	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Daniel Purefoy	officer: SVP, Chief Supply Chain Off	33 KINGSWAY, LONDON X0 WC2B 6UF
Neil Russell	officer: Interim CFO	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Kenny K Cheung	officer: EVP and CFO	HERTZ GLOBAL HOLDINGS, INC., 8501 WILLIAMS ROAD, ESTERO FL 33928
Greg D Bertrand	officer: SVP	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Kevin Hourican	officer: President and CEO	ONE CVS DRIVE, WOONSOCKET RI 02895
Scott B. Stone	officer: VP, Finance and interim CAO	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Paulo Peereboom	officer: EVP	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Aaron E Alt	officer: EVP and CFO	3001 COLORADO BLVD., DENTON TX 76210
Anita A Zielinski	officer: SVP & CAO	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
James Chris Jasper	officer: SVP	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Jill Golder	director	305 HARTMANN DRIVE, LEBANON TN 37087
Ali Dibadj	director	C/O JANUS HENDERSON GROUP, 151 DETROIT STREET, DENVER CO 80206