Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Sysco Corp., liquidity ratios
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Sysco Corp. current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Sysco Corp. quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Sysco Corp. cash ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Current Ratio
Sysco Corp., current ratio calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 11,043) | 10,608) | 10,483) | 10,734) | 12,348) | 8,142) | |
| Current liabilities | 9,241) | 8,540) | 8,750) | 7,320) | 6,718) | 6,103) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.20 | 1.24 | 1.20 | 1.47 | 1.84 | 1.33 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.97 | 1.07 | 1.02 | 1.00 | 1.13 | 1.01 | |
| Target Corp. | 0.91 | 0.92 | 0.99 | 1.03 | 0.89 | 0.83 | |
| Walmart Inc. | 0.83 | 0.82 | 0.93 | 0.97 | 0.79 | 0.80 | |
| Current Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.89 | 0.96 | 0.99 | 0.88 | 0.85 | |
| Current Ratio, Industry | |||||||
| Consumer Staples | — | 0.84 | 0.89 | 0.93 | 0.93 | 0.83 | |
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).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,043 ÷ 9,241 = 1.20
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Sysco Corp. current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Quick Ratio
Sysco Corp., quick ratio calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 696) | 745) | 867) | 3,007) | 6,059) | 513) | |
| Accounts receivable, less allowances | 5,324) | 5,092) | 4,839) | 3,782) | 2,894) | 4,182) | |
| Total quick assets | 6,020) | 5,837) | 5,706) | 6,789) | 8,953) | 4,695) | |
| Current liabilities | 9,241) | 8,540) | 8,750) | 7,320) | 6,718) | 6,103) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.65 | 0.68 | 0.65 | 0.93 | 1.33 | 0.77 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.39 | 0.52 | 0.42 | 0.47 | 0.60 | 0.47 | |
| Target Corp. | 0.27 | 0.20 | 0.33 | 0.48 | 0.24 | 0.18 | |
| Walmart Inc. | 0.20 | 0.18 | 0.26 | 0.26 | 0.20 | 0.18 | |
| Quick Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.26 | 0.31 | 0.34 | 0.29 | 0.24 | |
| Quick Ratio, Industry | |||||||
| Consumer Staples | — | 0.37 | 0.39 | 0.43 | 0.47 | 0.38 | |
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).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,020 ÷ 9,241 = 0.65
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Sysco Corp. quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Cash Ratio
Sysco Corp., cash ratio calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 696) | 745) | 867) | 3,007) | 6,059) | 513) | |
| Total cash assets | 696) | 745) | 867) | 3,007) | 6,059) | 513) | |
| Current liabilities | 9,241) | 8,540) | 8,750) | 7,320) | 6,718) | 6,103) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.08 | 0.09 | 0.10 | 0.41 | 0.90 | 0.08 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.31 | 0.45 | 0.35 | 0.41 | 0.54 | 0.41 | |
| Target Corp. | 0.20 | 0.11 | 0.27 | 0.42 | 0.18 | 0.10 | |
| Walmart Inc. | 0.11 | 0.09 | 0.17 | 0.19 | 0.12 | 0.10 | |
| Cash Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.18 | 0.22 | 0.27 | 0.22 | 0.16 | |
| Cash Ratio, Industry | |||||||
| Consumer Staples | — | 0.24 | 0.25 | 0.31 | 0.34 | 0.25 | |
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).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 696 ÷ 9,241 = 0.08
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Sysco Corp. cash ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |