Stock Analysis on Net

Sysco Corp. (NYSE:SYY)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 28, 2024.

Analysis of Debt

Microsoft Excel

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Total Debt (Carrying Amount)

Sysco Corp., balance sheet: debt

US$ in millions

Microsoft Excel
Jun 29, 2024 Jul 1, 2023 Jul 2, 2022 Jul 3, 2021 Jun 27, 2020 Jun 29, 2019
Current maturities of long-term debt
Long-term debt, excluding current maturities
Total debt (carrying amount)

Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).


Current Maturities of Long-Term Debt
The current maturities of long-term debt exhibited significant fluctuations over the reported periods. Beginning at $41 million in mid-2019, there was a sharp increase to $1,544 million by mid-2020. This value declined substantially to $495 million in 2021 and remained relatively stable at $581 million in 2022. There was a notable drop to $63 million in 2023, followed by a rise to $469 million by mid-2024. Overall, the current maturities show volatility with a peak in 2020 and a general decrease afterward, though 2024 indicates a partial rebound.
Long-Term Debt, Excluding Current Maturities
The long-term debt excluding current maturities displays a rising trend from 2019 to 2020, increasing from $8,122 million to $12,902 million. Subsequently, there was a decline to $10,588 million in 2021, followed by further decreases to $10,067 million in 2022. The debt level experienced a modest increase to $10,348 million in 2023 and continued rising to $11,513 million in 2024. The pattern suggests an initial growth phase, a correction period, and a recent moderate recovery in long-term borrowings.
Total Debt (Carrying Amount)
Total debt closely mirrors the trends observed in its components. Starting at $8,163 million in 2019, total debt surged to its highest point of approximately $14,447 million in 2020. This was followed by a decrease to $11,083 million in 2021 and a continued reduction to $10,648 million in 2022. A slight decline to $10,411 million occurred in 2023, after which total debt increased again to $11,982 million by mid-2024. The overall trajectory indicates increased leverage in 2020, subsequent deleveraging over the next two years, and a partial rebound of debt levels more recently.

Total Debt (Fair Value)

Microsoft Excel
Jun 29, 2024
Selected Financial Data (US$ in millions)
Total debt (fair value)
Financial Ratio
Debt, fair value to carrying amount ratio

Based on: 10-K (reporting date: 2024-06-29).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt:

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
Total

Based on: 10-K (reporting date: 2024-06-29).

1 US$ in millions

2 Weighted-average interest rate = 100 × ÷ =