McCormick Balance Sheet Health
Financial Health criteria checks 3/6
McCormick has a total shareholder equity of $5.5B and total debt of $4.6B, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are $13.2B and $7.8B respectively. McCormick's EBIT is $1.1B making its interest coverage ratio 6.3. It has cash and short-term investments of $200.8M.
Key information
84.8%
Debt to equity ratio
US$4.62b
Debt
| Interest coverage ratio | 6.3x |
| Cash | US$200.80m |
| Equity | US$5.45b |
| Total liabilities | US$7.75b |
| Total assets | US$13.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCX0's short term assets ($2.2B) do not cover its short term liabilities ($3.1B).
Long Term Liabilities: MCX0's short term assets ($2.2B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: MCX0's net debt to equity ratio (81.1%) is considered high.
Reducing Debt: MCX0's debt to equity ratio has reduced from 133.9% to 84.8% over the past 5 years.
Debt Coverage: MCX0's debt is well covered by operating cash flow (22.5%).
Interest Coverage: MCX0's interest payments on its debt are well covered by EBIT (6.3x coverage).