Current Ratio
since 2005
Calculation
Sysco Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jun 29, 2024 | 1.20 | = | 11,043) | ÷ | 9,241) |
| Jul 1, 2023 | 1.24 | = | 10,608) | ÷ | 8,540) |
| Jul 2, 2022 | 1.20 | = | 10,483) | ÷ | 8,750) |
| Jul 3, 2021 | 1.47 | = | 10,734) | ÷ | 7,320) |
| Jun 27, 2020 | 1.84 | = | 12,348) | ÷ | 6,718) |
| Jun 29, 2019 | 1.33 | = | 8,142) | ÷ | 6,103) |
| Jun 30, 2018 | 1.21 | = | 8,003) | ÷ | 6,589) |
| Jul 1, 2017 | 1.32 | = | 8,033) | ÷ | 6,096) |
| Jul 2, 2016 | 2.27 | = | 10,054) | ÷ | 4,434) |
| Jun 27, 2015 | 1.22 | = | 11,494) | ÷ | 9,400) |
| Jun 28, 2014 | 1.53 | = | 6,682) | ÷ | 4,368) |
| Jun 29, 2013 | 1.66 | = | 6,207) | ÷ | 3,749) |
| Jun 30, 2012 | 1.78 | = | 6,085) | ÷ | 3,424) |
| Jul 2, 2011 | 1.60 | = | 5,733) | ÷ | 3,575) |
| Jul 3, 2010 | 1.69 | = | 5,076) | ÷ | 3,009) |
| Jun 27, 2009 | 1.67 | = | 5,271) | ÷ | 3,150) |
| Jun 28, 2008 | 1.48 | = | 5,175) | ÷ | 3,499) |
| Jun 30, 2007 | 1.37 | = | 4,676) | ÷ | 3,415) |
| Jul 1, 2006 | 1.36 | = | 4,400) | ÷ | 3,226) |
| Jul 2, 2005 | 1.16 | = | 4,002) | ÷ | 3,458) |
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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
1 US$ in millions
- Current Assets
- Current assets demonstrated a generally increasing trend over the analyzed periods. Starting at 4,002 million USD in mid-2005, the value rose steadily with occasional fluctuations, peaking notably at 11,494 million USD in mid-2015. After this peak, current assets exhibited some variability but remained above 8,000 million USD, concluding at 11,043 million USD by mid-2024. The increase reflects growth in liquid resources and short-term assets available to cover current obligations.
- Current Liabilities
- Current liabilities showed a mixed but overall upward trend from 3,458 million USD in mid-2005 to a significant peak of 9,400 million USD in mid-2015, coinciding with the peak in current assets. Post-2015, liabilities fluctuated upward again, reaching 9,241 million USD by mid-2024. This suggests increasing short-term obligations, which may correspond with business expansion or changes in working capital management.
- Current Ratio
- The current ratio, representing the ability to cover short-term liabilities with short-term assets, fluctuated throughout the period. Initially, there was a gradual improvement from 1.16 to a high of 1.69 by mid-2010, indicating stronger liquidity. However, a notable dip to 1.22 occurred in mid-2015 despite the spike in assets and liabilities, signaling reduced liquidity due to disproportionately higher current liabilities that year. The ratio then peaked sharply at 2.27 in mid-2016, suggesting a temporary strengthening in liquidity. Subsequently, the current ratio trended downward, stabilizing around 1.2 by mid-2024, indicating a moderate but consistent ability to meet short-term obligations, though with less cushion than in peak years.
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Comparison to Competitors
Sysco Corp., current ratio, long-term trends, comparison to competitors
| Sysco Corp. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Jun 29, 2024 | 1.20 | 0.97 | 0.91 | 0.83 |
| Jul 1, 2023 | 1.24 | 1.07 | 0.92 | 0.82 |
| Jul 2, 2022 | 1.20 | 1.02 | 0.99 | 0.93 |
| Jul 3, 2021 | 1.47 | 1.00 | 1.03 | 0.97 |
| Jun 27, 2020 | 1.84 | 1.13 | 0.89 | 0.79 |
| Jun 29, 2019 | 1.33 | 1.01 | 0.83 | 0.80 |
| Jun 30, 2018 | 1.21 | 1.02 | 0.95 | 0.76 |
| Jul 1, 2017 | 1.32 | 0.99 | 0.94 | 0.86 |
| Jul 2, 2016 | 2.27 | 0.98 | 1.12 | 0.93 |
| Jun 27, 2015 | 1.22 | 1.05 | 1.20 | 0.97 |
| Jun 28, 2014 | 1.53 | 1.22 | 0.91 | 0.88 |
| Jun 29, 2013 | 1.66 | 1.19 | 1.17 | 0.83 |
| Jun 30, 2012 | 1.78 | 1.10 | 1.15 | 0.88 |
| Jul 2, 2011 | 1.60 | 1.14 | 1.71 | 0.89 |
| Jul 3, 2010 | 1.69 | 1.16 | 1.63 | 0.87 |
| Jun 27, 2009 | 1.67 | 1.11 | 1.66 | 0.88 |
| Jun 28, 2008 | 1.48 | 1.07 | 1.60 | 0.81 |
| Jun 30, 2007 | 1.37 | 1.09 | 1.32 | 0.90 |
| Jul 1, 2006 | 1.36 | 1.05 | 1.50 | 0.90 |
| Jul 2, 2005 | 1.16 | 1.22 | 1.69 | 0.90 |
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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
Comparison to Sector (Consumer Staples Distribution & Retail)
Sysco Corp., current ratio, long-term trends, comparison to sector (consumer staples distribution & retail)
| Sysco Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jun 29, 2024 | 1.20 | 0.87 |
| Jul 1, 2023 | 1.24 | 0.89 |
| Jul 2, 2022 | 1.20 | 0.96 |
| Jul 3, 2021 | 1.47 | 0.99 |
| Jun 27, 2020 | 1.84 | 0.88 |
| Jun 29, 2019 | 1.33 | 0.85 |
| Jun 30, 2018 | 1.21 | 0.83 |
| Jul 1, 2017 | 1.32 | 0.90 |
| Jul 2, 2016 | 2.27 | 0.97 |
| Jun 27, 2015 | 1.22 | 1.01 |
| Jun 28, 2014 | 1.53 | 0.94 |
| Jun 29, 2013 | 1.66 | 0.93 |
| Jun 30, 2012 | 1.78 | 0.96 |
| Jul 2, 2011 | 1.60 | 1.03 |
| Jul 3, 2010 | 1.69 | 1.02 |
| Jun 27, 2009 | 1.67 | 1.02 |
| Jun 28, 2008 | 1.48 | 0.96 |
| Jun 30, 2007 | 1.37 | 0.99 |
| Jul 1, 2006 | 1.36 | 1.00 |
| Jul 2, 2005 | 1.16 | 1.05 |
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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
Comparison to Industry (Consumer Staples)
Sysco Corp., current ratio, long-term trends, comparison to industry (consumer staples)
| Sysco Corp. | Consumer Staples | |
|---|---|---|
| Jun 29, 2024 | 1.20 | 0.85 |
| Jul 1, 2023 | 1.24 | 0.84 |
| Jul 2, 2022 | 1.20 | 0.87 |
| Jul 3, 2021 | 1.47 | 0.93 |
| Jun 27, 2020 | 1.84 | 0.92 |
| Jun 29, 2019 | 1.33 | 0.82 |
| Jun 30, 2018 | 1.21 | 0.87 |
| Jul 1, 2017 | 1.32 | 1.02 |
| Jul 2, 2016 | 2.27 | 1.04 |
| Jun 27, 2015 | 1.22 | 1.06 |
| Jun 28, 2014 | 1.53 | 0.97 |
| Jun 29, 2013 | 1.66 | 0.97 |
| Jun 30, 2012 | 1.78 | 0.99 |
| Jul 2, 2011 | 1.60 | 0.97 |
| Jul 3, 2010 | 1.69 | 1.01 |
| Jun 27, 2009 | 1.67 | 1.03 |
| Jun 28, 2008 | 1.48 | 0.98 |
| Jun 30, 2007 | 1.37 | 0.91 |
| Jul 1, 2006 | 1.36 | 1.04 |
| Jul 2, 2005 | 1.16 | 0.99 |
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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).