Analysis of Debt
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Total Debt (Carrying Amount)
Sysco Corp., balance sheet: debt
US$ in millions
| 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 $11,982 million by mid-2024. The overall trajectory indicates increased leverage in 2020, subsequent deleveraging over the next two years, and a partial rebound of debt levels more recently.
Total Debt (Fair Value)
| Jun 29, 2024 | |
|---|---|
| Selected Financial Data (US$ 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 × ÷ =