McCormick Balance Sheet - Annual (NYSE:MKC)

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$106.09 $1.02 (0.97%) MKC stock closing price Jun 22, 2018 (Closing)

The McCormick balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. As in our McCormick stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Annual results are typically accompanied with the company releasing financial statements. The balance sheet shows total liabilities of $7.81B and shareholders equity of $2.57B. McCormick revenue and McCormick operating cash flow are important in understanding the financial capacity of the company.

View latest 10 year balance sheet data to check McCormick financial performance.
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Quarterly
Annual
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Fiscal year is Dec - Nov2017201620152014201320122011201020092008
Cash186.8M118.4M112.6M77.3M63M79M53.9M50.8M39.5M38.9M
Marketable Securities----------
Receivables555.1M465.2M455.2M493.6M495.5M465.9M427M386.7M365.3M414.7M
Inventory793.3M756.3M710.8M713.8M676.9M615M613.7M477.6M445.9M439M
Raw Materials395.2M-390.9M410.6M372.3M326M344.9M243.5M208.3M208.3M
Work In Progress----------
Finished Goods398.1M-319.9M303.2M304.6M289M268.8M234.1M237.6M230.7M
Notes Receivable----------
Other Current Assets81.8M81.9M127.9M131.5M134.8M125.5M128.3M100.8M119.8M75.7M
Total Current Assets
1.62B1.42B1.41B1.42B1.37B1.29B1.22B1.02B970.5M968.3M
Property Plant & Equipment1.87B-1.53B1.48B1.41B1.33B1.27B1.16B1.13B1.01B
Accumulated Depreciation1.06B-912.9M878.7M831.1M785.8M746.1M675.3M638.6M549.2M
Net Property Plant & Equipment
809.1M669.4M618.4M602.7M576.6M547.3M523.1M488M489.8M461.1M
Investment & Advances398.5M348.4M351.5M342.4M371M313.9M297.6M265.9M183.9M153M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles7.56B2.2B2.13B2.05B2.13B2.02B2.04B1.65B1.72B1.61B
Deposits & Other Assets--------26.6M32.9M
Total Assets
10.39B4.64B4.51B4.41B4.45B4.17B4.09B3.42B3.39B3.22B
Notes Payable257.6M393.2M139.5M269.6M211.6M140.3M217M-101.2M303.1M
Accounts Payable639.9M450.8M411.9M372.1M387.3M375.8M366.6M302.7M283.6M266.1M
Current Portion Long-Term Debt325.6M-203.5M1.2M2.5M252.3M5.4M100.2M14.9M50.9M
Current Portion Capital Leases----------
Accrued Expenses724.2M578.7M485.3M479.1M461.7M419.2M404.3M431.7M418.5M414M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
1.95B1.42B1.24B1.12B1.06B1.19B993.3M834.8M818.2M1.03B
Mortgages----------
Deferred Taxes/Income1.09B---------
Convertible Debt----------
Long-Term Debt4.44B1.05B1.05B1.01B1.02B779.2M1.03B779.9M875M885.2M
Non-Current Capital Leases----------
Other Long-Term Liabilities329.2M521.1M528M468.8M419.9M498.4M446.3M342.3M360M245.7M
Total Liabilities
7.81B3B2.82B2.6B2.5B2.47B2.47B1.96B2.05B2.17B
Minority Interest----------
Preferred Stock----------
Common Stock Net1.67B1.08B1.04B995.6M962.4M908.2M821.9M756.5M634M581.8M
Capital Surplus----------
Retained Earnings1.17B1.06B1.04B982.6M970.4M934.6M838.8M700.9M591.5M425.4M
Treasury Stock----------
Other Liabilities-268.5M-502.9M-389.4M-168.8M14.9M-142.6M-42.2M5.3M109.1M48.1M
Shareholders Equity2.57B1.64B1.69B1.81B1.95B1.7B1.62B1.46B1.33B1.06B
Total Liabilities & Shareholders Equity10.39B4.64B4.51B4.41B4.45B4.17B4.09B3.42B3.39B3.22B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at McCormick historical stock prices and the current McCormick stock price can tell you how the stock price has moved, whereas the McCormick PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: MKC total assets, which was at $10.39B for 2017 is a balance sheet item representing value of what McCormick owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for McCormick is $7.81B. Shareholders' equity comes under liabilities as it is money the company owes the holders of MKC stock.

McCormick Balance Sheet - Key Ratios

Current ratio
0.86
Debt to equity ratio
1.53
Asset turnover ratio
0.48
Receivables turnover
10.27
Price to book ratio
5.94