Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Sysco Corp., liquidity ratios (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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Sysco Corp. current ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Sysco Corp. quick ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Sysco Corp. cash ratio deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
Current Ratio
Sysco Corp., current ratio calculation (quarterly data)
| Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Jan 1, 2022 | Oct 2, 2021 | Jul 3, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Current assets | 11,043) | 11,205) | 11,310) | 10,896) | 10,608) | 10,899) | 10,396) | 10,767) | 10,483) | 10,413) | 10,063) | 10,688) | 10,734) | 11,587) | 11,991) | 12,433) | 12,348) | 9,858) | 8,662) | 8,484) | 8,142) | 8,456) | 8,438) | 8,642) | |||||||
| Current liabilities | 9,241) | 8,366) | 8,254) | 8,454) | 8,540) | 8,981) | 8,389) | 8,959) | 8,750) | 8,372) | 7,594) | 7,738) | 7,320) | 7,008) | 6,717) | 7,168) | 6,718) | 6,625) | 6,932) | 6,101) | 6,103) | 6,500) | 6,750) | 6,641) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Current ratio1 | 1.20 | 1.34 | 1.37 | 1.29 | 1.24 | 1.21 | 1.24 | 1.20 | 1.20 | 1.24 | 1.33 | 1.38 | 1.47 | 1.65 | 1.79 | 1.73 | 1.84 | 1.49 | 1.25 | 1.39 | 1.33 | 1.30 | 1.25 | 1.30 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.97 | 0.94 | 0.93 | 1.09 | 1.07 | 1.08 | 1.06 | 1.03 | 1.02 | 1.04 | 1.03 | 1.02 | 1.00 | 1.00 | 0.99 | 0.98 | 1.13 | 1.11 | 1.04 | 1.01 | 1.01 | 0.98 | 0.96 | 1.02 | |||||||
| Dollar General Corp. | 1.19 | 1.22 | 1.39 | 1.32 | 1.29 | 1.23 | 1.02 | 0.97 | 1.05 | 1.08 | 1.09 | 1.14 | 1.21 | 1.28 | 1.40 | 1.44 | 1.14 | 1.12 | 1.14 | 1.16 | 1.55 | 1.55 | 1.55 | 1.65 | |||||||
| Target Corp. | 0.91 | 0.86 | 0.83 | 0.88 | 0.92 | 0.86 | 0.82 | 0.87 | 0.99 | 0.97 | 1.04 | 1.07 | 1.03 | 1.05 | 1.11 | 1.01 | 0.89 | 0.83 | 0.84 | 0.88 | 0.83 | 0.83 | 0.82 | 0.90 | |||||||
| Walmart Inc. | 0.83 | 0.85 | 0.83 | 0.82 | 0.82 | 0.86 | 0.84 | 0.86 | 0.93 | 0.95 | 0.96 | 0.95 | 0.97 | 0.84 | 0.79 | 0.77 | 0.79 | 0.81 | 0.76 | 0.77 | 0.80 | 0.81 | 0.93 | 0.73 | |||||||
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).
1 Q4 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 deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Quick Ratio
Sysco Corp., quick ratio calculation (quarterly data)
| Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Jan 1, 2022 | Oct 2, 2021 | Jul 3, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | 696) | 598) | 962) | 569) | 745) | 758) | 500) | 438) | 867) | 876) | 1,374) | 2,068) | 3,007) | 4,896) | 5,767) | 5,986) | 6,059) | 2,241) | 525) | 455) | 513) | 522) | 745) | 790) | |||||||
| Accounts receivable, less allowances | 5,324) | 5,557) | 5,292) | 5,339) | 5,092) | 5,227) | 4,908) | 5,337) | 4,839) | 4,778) | 4,220) | 4,310) | 3,782) | 3,221) | 2,855) | 3,106) | 2,894) | 3,656) | 4,376) | 4,397) | 4,182) | 4,329) | 4,147) | 4,242) | |||||||
| Total quick assets | 6,020) | 6,155) | 6,254) | 5,908) | 5,837) | 5,985) | 5,408) | 5,775) | 5,706) | 5,654) | 5,594) | 6,378) | 6,789) | 8,116) | 8,622) | 9,092) | 8,953) | 5,897) | 4,900) | 4,852) | 4,695) | 4,851) | 4,892) | 5,033) | |||||||
| Current liabilities | 9,241) | 8,366) | 8,254) | 8,454) | 8,540) | 8,981) | 8,389) | 8,959) | 8,750) | 8,372) | 7,594) | 7,738) | 7,320) | 7,008) | 6,717) | 7,168) | 6,718) | 6,625) | 6,932) | 6,101) | 6,103) | 6,500) | 6,750) | 6,641) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Quick ratio1 | 0.65 | 0.74 | 0.76 | 0.70 | 0.68 | 0.67 | 0.64 | 0.64 | 0.65 | 0.68 | 0.74 | 0.82 | 0.93 | 1.16 | 1.28 | 1.27 | 1.33 | 0.89 | 0.71 | 0.80 | 0.77 | 0.75 | 0.72 | 0.76 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.39 | 0.40 | 0.38 | 0.55 | 0.52 | 0.51 | 0.50 | 0.42 | 0.42 | 0.43 | 0.46 | 0.46 | 0.47 | 0.45 | 0.42 | 0.49 | 0.60 | 0.58 | 0.47 | 0.45 | 0.47 | 0.43 | 0.41 | 0.43 | |||||||
| Dollar General Corp. | 0.08 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 | 0.04 | 0.05 | 0.06 | 0.09 | 0.06 | 0.13 | 0.24 | 0.37 | 0.55 | 0.55 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.09 | 0.09 | 0.11 | |||||||
| Target Corp. | 0.20 | 0.09 | 0.08 | 0.07 | 0.11 | 0.04 | 0.05 | 0.05 | 0.27 | 0.25 | 0.38 | 0.42 | 0.42 | 0.31 | 0.46 | 0.32 | 0.18 | 0.06 | 0.12 | 0.09 | 0.10 | 0.05 | 0.08 | 0.09 | |||||||
| Walmart Inc. | 0.20 | 0.20 | 0.22 | 0.19 | 0.18 | 0.20 | 0.21 | 0.20 | 0.26 | 0.27 | 0.36 | 0.35 | 0.26 | 0.23 | 0.27 | 0.24 | 0.20 | 0.17 | 0.18 | 0.18 | 0.18 | 0.17 | 0.29 | 0.15 | |||||||
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).
1 Q4 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 deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Cash Ratio
Sysco Corp., cash ratio calculation (quarterly data)
| Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Jan 1, 2022 | Oct 2, 2021 | Jul 3, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | 696) | 598) | 962) | 569) | 745) | 758) | 500) | 438) | 867) | 876) | 1,374) | 2,068) | 3,007) | 4,896) | 5,767) | 5,986) | 6,059) | 2,241) | 525) | 455) | 513) | 522) | 745) | 790) | |||||||
| Total cash assets | 696) | 598) | 962) | 569) | 745) | 758) | 500) | 438) | 867) | 876) | 1,374) | 2,068) | 3,007) | 4,896) | 5,767) | 5,986) | 6,059) | 2,241) | 525) | 455) | 513) | 522) | 745) | 790) | |||||||
| Current liabilities | 9,241) | 8,366) | 8,254) | 8,454) | 8,540) | 8,981) | 8,389) | 8,959) | 8,750) | 8,372) | 7,594) | 7,738) | 7,320) | 7,008) | 6,717) | 7,168) | 6,718) | 6,625) | 6,932) | 6,101) | 6,103) | 6,500) | 6,750) | 6,641) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Cash ratio1 | 0.08 | 0.07 | 0.12 | 0.07 | 0.09 | 0.08 | 0.06 | 0.05 | 0.10 | 0.10 | 0.18 | 0.27 | 0.41 | 0.70 | 0.86 | 0.84 | 0.90 | 0.34 | 0.08 | 0.07 | 0.08 | 0.08 | 0.11 | 0.12 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.31 | 0.33 | 0.30 | 0.49 | 0.45 | 0.43 | 0.42 | 0.35 | 0.35 | 0.37 | 0.39 | 0.40 | 0.41 | 0.40 | 0.35 | 0.44 | 0.54 | 0.52 | 0.38 | 0.38 | 0.41 | 0.36 | 0.32 | 0.35 | |||||||
| Dollar General Corp. | 0.08 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 | 0.04 | 0.05 | 0.06 | 0.09 | 0.06 | 0.13 | 0.24 | 0.37 | 0.55 | 0.55 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.09 | 0.09 | 0.11 | |||||||
| Target Corp. | 0.20 | 0.09 | 0.08 | 0.07 | 0.11 | 0.04 | 0.05 | 0.05 | 0.27 | 0.25 | 0.38 | 0.42 | 0.42 | 0.31 | 0.46 | 0.32 | 0.18 | 0.06 | 0.12 | 0.09 | 0.10 | 0.05 | 0.08 | 0.09 | |||||||
| Walmart Inc. | 0.11 | 0.12 | 0.14 | 0.11 | 0.09 | 0.11 | 0.14 | 0.12 | 0.17 | 0.18 | 0.28 | 0.28 | 0.19 | 0.16 | 0.21 | 0.18 | 0.12 | 0.10 | 0.12 | 0.12 | 0.10 | 0.11 | 0.22 | 0.10 | |||||||
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).
1 Q4 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 Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |