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
The organization has maintained a consistent ability to cover its short-term obligations from 2005 to 2024, as the current ratio remained above 1.0 throughout the entire period. While both current assets and current liabilities experienced significant growth over the nearly two-decade span, the current ratio exhibited distinct phases of expansion, volatility, and eventual stabilization.
- Liquidity Growth and Stability (2005–2014)
- A progressive upward trend in liquidity was observed between 2005 and 2010, with the current ratio increasing from 1.16 to a peak of 1.69. Following this growth phase, the ratio remained relatively stable, fluctuating between 1.53 and 1.78, indicating a disciplined approach to managing working capital during this interval.
- Period of High Volatility (2015–2016)
- Significant fluctuations occurred in 2015 and 2016. In 2015, a simultaneous surge in current assets to 11,494 million and current liabilities to 9,400 million resulted in the ratio declining to 1.22. This was followed by a sharp spike to 2.27 in 2016, primarily driven by a substantial reduction in current liabilities to 4,434 million while assets remained robust at 10,054 million.
- Recent Liquidity Patterns (2017–2024)
- From 2017 through 2024, the current ratio generally stabilized within a tighter range of 1.20 to 1.47. A temporary peak of 1.84 was recorded in 2020, coinciding with the highest recorded level of current assets at 12,348 million. The period concluded with a current ratio of 1.20 in 2024, suggesting a return to a more lean liquidity profile that aligns closely with levels observed a decade prior.
- Asset and Liability Scaling
- Long-term growth is evident in the absolute values of the balance sheet components. Current assets grew from 4,002 million in 2005 to 11,043 million in 2024, while current liabilities rose from 3,458 million to 9,241 million over the same period. This parallel expansion indicates an increase in the scale of operations while maintaining a consistent solvency margin.
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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).