SYY · 8-K · 20260804PR000026
Liquidity and Debt Position
SYSCO CORP · 2026-08-04 · Importance 42 · Surprise 14 · In source text
Sysco reported $12.3 billion of long-term debt at June 27, 2026, compared with $12.4 billion a year earlier. Current maturities of long-term debt increased to $1.2 billion from $949 million, while total long-term debt declined by $45 million. Fiscal 2026 debt borrowings, including senior notes, were $1.252 billion, and debt repayments including senior notes were $908 million. Interest expense increased 12.9% to $717 million, including $30 million of bridge-loan amortization tied to the planned Jetro Restaurant Depot acquisition.
Key facts
- Jun. 27, 2026 Long-term debt: $12,315 million source
- Jun. 27, 2026 Total Debt (GAAP): $13,516 million source
- Jun. 27, 2026 Net Debt (Non-GAAP): $11,730 million source
- Total Debt/Net Earnings Ratio (GAAP) as of Jun. 27, 2026: 7.69 source
- Jun. 27, 2026 Cash & Cash Equivalents: $(1,786) million (cash balance shown as negative in net debt calculation) source
- Total Debt/Adjusted EBITDA Ratio (Non-GAAP) as of Jun. 27, 2026: 3.08 source
- Net Debt/Adjusted EBITDA Ratio (Non-GAAP) as of Jun. 27, 2026: 2.67 source
- Jun. 27, 2026 Current maturities of long-term debt: $1,201 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | — | Jun. 27, 2026 Total Debt (GAAP): $13,516 million |
| liability | negative | realized | — | Jun. 27, 2026 Net Debt (Non-GAAP): $11,730 million |
| liability | negative | realized | — | Total Debt/Net Earnings Ratio (GAAP) as of Jun. 27, 2026: 7.69 |