McCormick Balance Sheet - Annual (NYSE:MKC)

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$134.27 $1.45 (1.09%) MKC stock closing price Oct 15, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our McCormick stock analysis. How cash on hand has increased or decreased is one of the many indicators used while undertaking the McCormick stock analysis, and provides insights into the firm's financial performance. A company releases its balance sheet every year along with its annual results. Apart from analyzing McCormick revenue McCormick operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The McCormick balance sheet for 2017 shows cash on hand of $186.8M. The company has a debt to equity ratio of 1.48.

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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The latest McCormick stock price, and McCormick historical stock prices show the stock price movement over time, and the McCormick PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:

  • Assets: Anything that the McCormick company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. McCormick had total assets of $10.39B.
  • 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
0.8
Debt to equity ratio
1.48
Asset turnover ratio
0.52
Receivables turnover
10.39
Price to book ratio
6.17

Annual Balance Sheets For McCormick & Company, Incorporated Peers

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