• Sysco average debt/equity ratio for 2023 was 5.42, a 31.65% decline from 2022.
• Sysco average debt/equity ratio for 2022 was 7.93, a 4.76% decline from 2021.
• Sysco average debt/equity ratio for 2021 was 7.57, a 11.87% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.