Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Dividend Discount Model (DDM)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Sysco Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-K (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-K (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29).
- Accounts payable
- Accounts payable as a percentage of total liabilities and shareholders’ equity showed some volatility over the periods. It declined from 22.75% in September 2018 to a low point near 15.23% by June 2020, then rebounded steadily to around 26% by mid-2023 before a moderate decline to 25.24% in June 2024.
- Accrued expenses
- Accrued expenses fluctuated moderately, initially rising from 8.1% in late 2018 to around 9.47%, then settling between 7.14% and 10.28% over the remainder periods, showing relative stability with slight increases in late 2021 through 2023.
- Accrued income taxes
- This component remained very low and somewhat sporadic throughout the period, generally below 1%. Its irregular presence suggests that accrued income taxes represent a minor part of liabilities relative to equity.
- Current operating lease liabilities
- Current operating lease liabilities remained steady around 0.4% to 0.5%, exhibiting minimal variation and indicating consistent treatment of operating leases on current liabilities.
- Current maturities of long-term debt
- This metric showed fluctuations, initially high near 4.25% but dropping sharply to around 0.23%-0.3% in some quarters of 2019, then increasing again during 2020. It declined notably in late 2023 and early 2024 with values falling below 1.0%, reflecting varying repayment schedules or refinancing activities.
- Current liabilities
- Current liabilities as a whole showed some cyclical changes, starting at 35.82% in late 2018, dipping to a low near 29.69% mid-2020, then increasing to a peak of 40.34% in late 2022 before moderately declining to 37.09% by mid-2024, indicating changing short-term obligations relative to total financing.
- Long-term debt, excluding current maturities
- Long-term debt displayed a general upward trend, from 42.68% in late 2018 to a peak above 57% in mid-2020, followed by a gradual decrease toward the mid-40% range by mid-2024. This suggests increased long-term leverage during 2020 with subsequent deleveraging or refinancing efforts.
- Deferred income taxes
- Deferred income taxes as a proportion remained low and relatively stable, ranging mostly between 0.2% and 1.5%. There was a slight increasing tendency from 2021 onward, indicating a modest growth in deferred tax liabilities or assets.
- Long-term operating lease liabilities
- Long-term operating lease liabilities were stable, fluctuating narrowly between about 2.3% and 3.4%. Minor increases over time suggest incremental lease commitments or adjustments in lease accounting.
- Other long-term liabilities
- These liabilities showed a slight decreasing trend, starting around 5.58% in 2018 and falling below 4.5% through 2023, indicating a reduction or reclassification of other long-term obligations.
- Long-term liabilities
- Long-term liabilities overall increased from about 50% in late 2018 to over 65% in mid-2020, followed by a decline back to roughly 55% by mid-2024. This pattern reflects heightened long-term borrowing or lease obligations during the pandemic peak, with partial normalization thereafter.
- Total liabilities
- Total liabilities as a share of total financing rose sharply during 2020, reaching over 94%, compared to mid-80% pre-pandemic levels. A gradual reduction followed but liabilities remained above 90%, showing a generally high leverage position.
- Noncontrolling interest
- The noncontrolling interest proportion was minimal and stable, at about 0.1% to 0.2%, suggesting negligible third-party equity influence.
- Common stock
- Common stock as a percentage showed a slow decline from approximately 4.2% in 2018 to just above 3% by mid-2024, indicating little to no issuance of new common stock or share buyback impacts relative to total financing.
- Paid-in capital
- Paid-in capital remained relatively steady, fluctuating slightly between 6.6% and 8%, reflecting stable equity injections or adjustments over the periods.
- Retained earnings
- Retained earnings were the largest equity component, varying between 46% and 62.5% with a notable dip during 2020 near 46%, recovering subsequently to near 49% by mid-2024. This implies profit retention and accumulation trends were somewhat affected during the pandemic but recovered thereafter.
- Accumulated other comprehensive loss
- This component remained negative throughout, fluctuating between about -7.8% and -4.8%. Improved levels after 2020 suggest some recovery in comprehensive income or adjustment of accumulated losses.
- Treasury stock at cost
- Treasury stock was consistently negative and substantial at around -45% to -52%, implying significant share repurchases or treasury holdings that affect total equity negatively.
- Shareholders’ equity
- Overall shareholders’ equity showed a marked decline from roughly 14% in 2018 to low points near 5% in 2020, coinciding with increased liabilities. Equity gradually recovered to around 9.7% by 2023 but decreased again to 7.5% by mid-2024, indicating fluctuations influenced by earnings, buybacks, and debt levels.