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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:47 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2023/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
McCormick & Company, Incorporated is covered by 32 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Andrew Lazar | Barclays |