McCormick Balance Sheet Health
Financial Health criteria checks 3/6
McCormick has a total shareholder equity of $5.3B and total debt of $4.5B, which brings its debt-to-equity ratio to 85.8%. Its total assets and total liabilities are $12.9B and $7.6B respectively. McCormick's EBIT is $1.0B making its interest coverage ratio 6.1. It has cash and short-term investments of $178.0M.
Key information
85.8%
Debt to equity ratio
US$4.51b
Debt
| Interest coverage ratio | 6.1x |
| Cash | US$178.00m |
| Equity | US$5.26b |
| Total liabilities | US$7.63b |
| Total assets | US$12.89b |
Recent financial health updates
Here's Why McCormick (NYSE:MKC) Can Manage Its Debt Responsibly
Dec 31
Does McCormick (NYSE:MKC) Have A Healthy Balance Sheet?
Sep 15Is McCormick (NYSE:MKC) A Risky Investment?
Jun 17We Think McCormick (NYSE:MKC) Is Taking Some Risk With Its Debt
Feb 24Is McCormick (NYSE:MKC) Using Too Much Debt?
Oct 26These 4 Measures Indicate That McCormick (NYSE:MKC) Is Using Debt Extensively
Jul 18Recent updates
McCormick & Company: Potential Recovery In Margins
Apr 07McCormick: Dividend Growth And Expenses Reduction Imply Undervaluation
Mar 29Results: McCormick & Company, Incorporated Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 28An Intrinsic Calculation For McCormick & Company, Incorporated (NYSE:MKC) Suggests It's 24% Undervalued
Mar 14McCormick & Company, Incorporated (NYSE:MKC) Annual Results: Here's What Analysts Are Forecasting For This Year
Jan 27McCormick Q4 Earnings Preview: Favorable Ingredients For A Rebound (Rating Upgrade)
Jan 23McCormick & Company: Transforming Into A Consumer Discretionary Firm Amid Supply Challenges
Jan 16Subdued Growth No Barrier To McCormick & Company, Incorporated's (NYSE:MKC) Price
Jan 15Here's Why McCormick (NYSE:MKC) Can Manage Its Debt Responsibly
Dec 31McCormick's (NYSE:MKC) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13Down 40%, Dividend Aristocrat McCormick Offers Attractive Long-Term Value
Dec 07Is There An Opportunity With McCormick & Company, Incorporated's (NYSE:MKC) 42% Undervaluation?
Dec 04McCormick's Goodwill Has Started To Be Worrying
Nov 20McCormick (NYSE:MKC) Hasn't Managed To Accelerate Its Returns
Nov 19Hold McCormick To Spice Up A Dividend Portfolio, Until Profits Heat Up Again
Nov 07McCormick Q3 Earnings Preview: A Focus On Volume As Pricing Momentum Expected To Fade
Sep 30Does McCormick (NYSE:MKC) Have A Healthy Balance Sheet?
Sep 15McCormick: A Dividend Gem Awaiting The Right Price
Aug 23Calculating The Fair Value Of McCormick & Company, Incorporated (NYSE:MKC)
Aug 21The Returns At McCormick (NYSE:MKC) Aren't Growing
Aug 06McCormick: Raised FY23 Profit Outlook, But High Valuation
Jul 17Is McCormick (NYSE:MKC) A Risky Investment?
Jun 17McCormick: Valuation Dooms Stock Performance In The Mid Term
May 30McCormick & Company, Incorporated's (NYSE:MKC) Intrinsic Value Is Potentially 20% Below Its Share Price
May 18McCormick (NYSE:MKC) Hasn't Managed To Accelerate Its Returns
May 03McCormick (NYSE:MKC) Is Increasing Its Dividend To $0.39
Apr 05Most Shareholders Will Probably Agree With McCormick & Company, Incorporated's (NYSE:MKC) CEO Compensation
Mar 23We Think McCormick (NYSE:MKC) Is Taking Some Risk With Its Debt
Feb 24McCormick Non-GAAP EPS of $0.73 misses by $0.14, revenue of $1.69B misses by $80M
Jan 26McCormick: Too Spicy For Any Portfolio
Jan 05Estimating The Intrinsic Value Of McCormick & Company, Incorporated (NYSE:MKC)
Jan 02Returns Are Gaining Momentum At McCormick (NYSE:MKC)
Dec 20McCormick: The Good, The Bad, And The (Somewhat) Ugly
Dec 16Is McCormick (NYSE:MKC) Using Too Much Debt?
Oct 26McCormick & Company: Key Takeaways From The Latest Earnings
Oct 13McCormick Non-GAAP EPS of $0.69 misses by $0.03, revenue of $1.6B beats by $10M
Oct 06McCormick declares $0.37 dividend
Sep 29Calculating The Intrinsic Value Of McCormick & Company, Incorporated (NYSE:MKC)
Sep 12McCormick: Too Spicy For Me
Sep 11These 4 Measures Indicate That McCormick (NYSE:MKC) Is Using Debt Extensively
Jul 18McCormick Stock: Not The Most Flavorful Prospect Out There
Jul 08McCormick misses Q2 expectation, cuts FY2022 outlook
Jun 29Is There An Opportunity With McCormick & Company, Incorporated's (NYSE:MKC) 38% Undervaluation?
Jun 13Why McCormick Is Substantially Overvalued
May 16McCormick & Company, Incorporated (NYSE:MKC) Shares Could Be 28% Above Their Intrinsic Value Estimate
Mar 07Financial Position Analysis
Short Term Liabilities: MKC's short term assets ($2.0B) do not cover its short term liabilities ($3.0B).
Long Term Liabilities: MKC's short term assets ($2.0B) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: MKC's net debt to equity ratio (82.4%) is considered high.
Reducing Debt: MKC's debt to equity ratio has reduced from 141.7% to 85.8% over the past 5 years.
Debt Coverage: MKC's debt is well covered by operating cash flow (28.2%).
Interest Coverage: MKC's interest payments on its debt are well covered by EBIT (6.1x coverage).