McCormick Balance Sheet Health
Financial Health criteria checks 3/6
McCormick has a total shareholder equity of $5.1B and total debt of $4.8B, which brings its debt-to-equity ratio to 95.3%. Its total assets and total liabilities are $13.0B and $7.9B respectively. McCormick's EBIT is $1.0B making its interest coverage ratio 6. It has cash and short-term investments of $154.7M.
Key information
95.3%
Debt to equity ratio
US$4.83b
Debt
| Interest coverage ratio | 6x |
| Cash | US$154.70m |
| Equity | US$5.07b |
| Total liabilities | US$7.92b |
| Total assets | US$12.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCX's short term assets ($2.1B) do not cover its short term liabilities ($3.2B).
Long Term Liabilities: MCX's short term assets ($2.1B) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: MCX's net debt to equity ratio (92.3%) is considered high.
Reducing Debt: MCX's debt to equity ratio has reduced from 160.4% to 95.3% over the past 5 years.
Debt Coverage: MCX's debt is well covered by operating cash flow (22%).
Interest Coverage: MCX's interest payments on its debt are well covered by EBIT (6x coverage).