McCormick Balance Sheet Health
Financial Health criteria checks 2/6
McCormick has a total shareholder equity of $4.9B and total debt of $5.2B, which brings its debt-to-equity ratio to 106.5%. Its total assets and total liabilities are $13.2B and $8.3B respectively. McCormick's EBIT is $926.8M making its interest coverage ratio 6.2. It has cash and short-term investments of $356.8M.
Key information
106.5%
Debt to equity ratio
US$5.21b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$356.80m |
| Equity | US$4.89b |
| Total liabilities | US$8.32b |
| Total assets | US$13.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MKCV *'s short term assets ($2.4B) do not cover its short term liabilities ($3.3B).
Long Term Liabilities: MKCV *'s short term assets ($2.4B) do not cover its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: MKCV *'s net debt to equity ratio (99.2%) is considered high.
Reducing Debt: MKCV *'s debt to equity ratio has reduced from 167.3% to 106.5% over the past 5 years.
Debt Coverage: MKCV *'s debt is not well covered by operating cash flow (14.2%).
Interest Coverage: MKCV *'s interest payments on its debt are well covered by EBIT (6.2x coverage).