To the full analysis
McCormick stock: balance sheet and debt
MKCMcCormick has a debt to equity ratio of 0.69 and an interest coverage of 5.7x.
Daily figure as of 13 Nov 2026
Debt / Equity
0.69
Interest coverage
5.7x
Current ratio
0.7
Cash & equivalents
$95.9M
Total assets
$13.2B
Equity ratio
43.7%
Goodwill
$5.3B
Plus intangible assets of $3.29B
Net debt
$3.9B
Total assets and equity ratio
How large the balance sheet of McCormick & Company, Incorporated is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $2.57B | $997.4M | $803.8M | 36.5% | $602M |
| 2007 | $2.79B | $1.09B | $879.5M | 38.9% | $677.2M |
| 2008 | $3.22B | $1.61B | $1.23B | 32.8% | $1.2B |
| 2009 | $3.39B | $1.72B | $1.48B | 39.7% | $951.6M |
| 2010 | $3.42B | $1.65B | $1.42B | 42.8% | $829.5M |
| 2011 | $4.09B | $2.04B | $1.69B | 39.6% | $1.2B |
| 2012 | $4.17B | $2.02B | $1.7B | 40.8% | $1.09B |
| 2013 | $4.45B | $2.13B | $1.8B | 43.8% | $1.17B |
| 2014 | $4.41B | $2.05B | $1.72B | 41.0% | $1.21B |
| 2015 | $4.47B | $2.13B | $1.76B | 37.7% | $1.28B |
| 2016 | $4.64B | $2.2B | $1.77B | 35.3% | $1.33B |
| 2017 | $10.39B | $7.56B | $4.49B | 24.8% | $4.84B |
| 2018 | $10.26B | $7.44B | $4.53B | 31.0% | $4.6B |
| 2019 | $10.36B | $7.43B | $4.51B | 33.4% | $4.17B |
| 2020 | $12.09B | $8.34B | $4.99B | 32.6% | $4.58B |
| 2021 | $12.91B | $8.93B | $5.34B | 34.3% | $5.04B |
| 2022 | $13.12B | $8.76B | $5.21B | 35.8% | $4.99B |
| 2023 | $12.86B | $8.78B | $5.26B | 39.5% | $4.42B |
| 2024 | $13.07B | $8.73B | $5.23B | 40.7% | $4.32B |
| 2025 | $13.2B | $8.59B | $5.3B | 43.7% | $3.9B |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $49M | $933.3M | $651M | 0.69 |
| 2007 | $45.9M | $1.09B | $723.1M | 0.67 |
| 2008 | $38.9M | $1.06B | $1.24B | 1.17 |
| 2009 | $39.5M | $1.33B | $991.1M | 0.74 |
| 2010 | $50.8M | $1.45B | $880.3M | 0.6 |
| 2011 | $53.9M | $1.6B | $1.25B | 0.77 |
| 2012 | $79M | $1.68B | $1.17B | 0.69 |
| 2013 | $63M | $1.93B | $1.23B | 0.63 |
| 2014 | $77.3M | $1.79B | $1.28B | 0.71 |
| 2015 | $112.6M | $1.67B | $1.39B | 0.83 |
| 2016 | $118.4M | $1.63B | $1.45B | 0.88 |
| 2017 | $186.8M | $2.56B | $5.03B | 1.96 |
| 2018 | $96.6M | $3.17B | $4.7B | 1.48 |
| 2019 | $155.4M | $3.44B | $4.32B | 1.25 |
| 2020 | $423.6M | $3.93B | $5.01B | 1.27 |
| 2021 | $351.7M | $4.41B | $5.39B | 1.22 |
| 2022 | $334M | $4.68B | $5.33B | 1.13 |
| 2023 | $166.6M | $5.06B | $4.59B | 0.9 |
| 2024 | $186.1M | $5.29B | $4.51B | 0.85 |
| 2025 | $95.9M | $5.74B | $4B | 0.69 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 30 Nov 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 28 Feb 2023)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.