McCormick & Company, Incorporated

DB:MCX0 Stock Report

Market Cap: €19.9b

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 ratio6.3x
CashUS$200.80m
EquityUS$5.45b
Total liabilitiesUS$7.75b
Total assetsUS$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).


Balance Sheet


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