Sysco (SYY) Debt-to-Equity

: 5.40 (As of Dec. 2023)

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Sysco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $204 Mil. Sysco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12,765 Mil. Sysco's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,404 Mil. Sysco's debt to equity for the quarter that ended in Dec. 2023 was 5.39.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sysco's Debt-to-Equity or its related term are showing as below:

SYY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 3.84 Max: 13.01
Current: 5.4

During the past 13 years, the highest Debt-to-Equity Ratio of Sysco was 13.01. The lowest was 0.52. And the median was 3.84.

SYY's Debt-to-Equity is ranked worse than
96.38% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.65 vs SYY: 5.40

Sysco Debt-to-Equity Historical Data

The historical data trend for Sysco's Debt-to-Equity 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

Debt-to-Equity

3.26

13.01

7.61

8.24

5.56

Sysco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																8.21	7.43	5.56	5.50	5.40

Competitive Comparison

For the Food Distribution subindustry, Sysco's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sysco Debt-to-Equity Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Sysco's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sysco's Debt-to-Equity falls into.

Sysco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sysco's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(161.601	+	11004.266)	/	2008.622
	=	5.56

Sysco's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(203.91	+	12765.476)	/	2404.034
	=	5.39

Sysco (NYSE:SYY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sysco Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sysco's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sysco (SYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sysco Corp (NYSE:SYY) » Definitions » Debt-to-Equity

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