McCormick Balance Sheet - Quarterly (NYSE:MKC)

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$129.89 $1.35 (1.03%) MKC stock closing price Sep 19, 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. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate McCormick stock analysis. Quarterly results are typically accompanied with the company releasing financial statements. The McCormick balance sheet for 2018 Q2 shows total assets of $10.38B. The company has a asset turnover ratio of 0.51. Also see: McCormick revenue and McCormick operating cash flow for the same quarter.

View and download McCormick quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Dec - Nov2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash202.6M179.6M186.8M166.1M130M125.7M118.4M134.2M131.5M111.8M
Marketable Securities----------
Receivables473.9M502M555.1M556.2M429.7M404.4M465.2M445.3M399.6M371.2M
Inventory797.6M827.7M793.3M835.8M779.8M767.2M756.3M760.3M739.6M702.2M
Raw Materials398.5M418.7M395.2M404.5M417.3M415.8M-394.3M395.8M382.2M
Work In Progress----------
Finished Goods399.1M409M398.1M431.3M362.5M351.4M-366M343.8M320M
Notes Receivable----------
Other Current Assets90.1M96.7M81.8M84.5M86.4M87.8M81.9M128.2M131.5M121M
Total Current Assets
1.56B1.61B1.62B1.64B1.43B1.39B1.42B1.47B1.4B1.31B
Property Plant & Equipment2.05B1.92B1.87B1.81B1.72B1.67B-1.6B1.59B1.53B
Accumulated Depreciation1.11B1.09B1.06B1.04B1.02B982.4M-963.8M952.7M924.2M
Net Property Plant & Equipment
947.7M823.1M809.1M765.4M703.8M682.8M669.4M641.1M637.1M609.1M
Investment & Advances401.6M400.8M398.5M378.9M358.6M351.7M348.4M360.5M357.7M350.7M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles7.47B7.53B7.56B7.59B2.38B2.33B2.2B2.25B2.25B2.13B
Deposits & Other Assets----------
Total Assets
10.38B10.36B10.39B10.38B4.87B4.75B4.64B4.72B4.64B4.4B
Notes Payable257.6M393.2M139.5M269.6M211.6M140.3M217M-101.2M303.1M
Accounts Payable624.1M584.4M639.9M516.9M453.1M448.4M450.8M361M366.2M336.7M
Current Portion Long-Term Debt75.5M75.6M325.6M325.5M250.6M250.7M----
Current Portion Capital Leases----------
Accrued Expenses523.6M530.8M724.2M542.6M441.5M400.4M578.7M420.3M390.8M365.3M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
1.85B1.87B1.95B1.73B1.8B1.74B1.42B1.34B1.27B1.09B
Mortgages----------
Deferred Taxes/Income659.9M662.3M1.09B1.11B------
Convertible Debt----------
Long-Term Debt4.46B4.38B4.44B4.7B804.3M803.5M1.05B1.06B1.06B1.06B
Non-Current Capital Leases----------
Other Long-Term Liabilities380.7M378.2M329.2M305.6M457M477.6M521.1M542.8M544.9M524.7M
Total Liabilities
7.34B7.29B7.81B7.85B3.06B3.02B3B2.94B2.87B2.67B
Minority Interest----------
Preferred Stock----------
Common Stock Net1.71B1.69B1.67B1.66B1.1B1.09B1.08B1.08B1.07B1.05B
Capital Surplus----------
Retained Earnings1.63B1.59B1.17B1.12B1.07B1.07B1.06B1.07B1.07B1.09B
Treasury Stock----------
Other Liabilities-296.6M-212.1M-268.5M-254.2M-368M-432.6M-502.9M-383M-370.7M-407M
Shareholders Equity3.04B3.07B2.57B2.53B1.81B1.73B1.64B1.77B1.77B1.73B
Total Liabilities & Shareholders Equity10.38B10.36B10.39B10.38B4.87B4.75B4.64B4.72B4.64B4.4B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the McCormick stock price by looking at McCormick historical stock prices. One can compare PE with industry average by looking at the McCormick PE ratio chart. The common balance sheet items are:

  • Assets: MKC total assets, which was at $10.38B for 2018 Q2 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: The total liabilities of McCormick for the quarter 2018 Q2 total to $7.34B. Liabilities for a company like McCormick include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

McCormick Balance Sheet - Key Ratios

Current ratio
0.85
Debt to equity ratio
1.58
Asset turnover ratio
0.51
Receivables turnover
10.41
Price to book ratio
6.55