McCormick Balance Sheet - Quarterly (NYSE:MKC)

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$106.56 $0.48 (0.45%) MKC stock closing price Mar 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. 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 2017 Q4 shows total assets of $10.39B. The company has a asset turnover ratio of 0.57. 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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Fiscal year is Dec - Nov2017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Marketable Securities----------
Raw Materials395.2M404.5M417.3M415.8M-394.3M395.8M382.2M390.9M393.9M
Work In Progress----------
Finished Goods398.1M431.3M362.5M351.4M-366M343.8M320M319.9M333.3M
Notes Receivable----------
Other Current Assets81.8M84.5M86.4M87.8M81.9M128.2M131.5M121M127.9M116M
Total Current Assets
Property Plant & Equipment1.87B1.81B1.72B1.67B-1.6B1.59B1.53B1.53B1.49B
Accumulated Depreciation1.06B1.04B1.02B982.4M-963.8M952.7M924.2M912.9M902.3M
Net Property Plant & Equipment
Investment & Advances398.5M378.9M358.6M351.7M348.4M360.5M357.7M350.7M351.5M348.6M
Other Non-Current Assets----------
Deferred Charges----------
Deposits & Other Assets----------
Total Assets
Notes Payable257.6M393.2M139.5M269.6M211.6M140.3M217M-101.2M303.1M
Accounts Payable639.9M516.9M453.1M448.4M450.8M361M366.2M336.7M411.9M336.1M
Current Portion Long-Term Debt325.6M325.5M250.6M250.7M----203.5M203.6M
Current Portion Capital Leases----------
Accrued Expenses724.2M542.6M441.5M400.4M578.7M420.3M390.8M365.3M485.3M383.7M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
Deferred Taxes/Income1.09B1.11B--------
Convertible Debt----------
Long-Term Debt4.44B4.7B804.3M803.5M1.05B1.06B1.06B1.06B1.05B807.2M
Non-Current Capital Leases----------
Other Long-Term Liabilities329.2M305.6M457M477.6M521.1M542.8M544.9M524.7M528M516.7M
Total Liabilities
Minority Interest----------
Preferred Stock----------
Common Stock Net1.67B1.66B1.1B1.09B1.08B1.08B1.07B1.05B1.04B1.03B
Capital Surplus----------
Retained Earnings1.17B1.12B1.07B1.07B1.06B1.07B1.07B1.09B1.04B1.07B
Treasury Stock----------
Other Liabilities-268.5M-254.2M-368M-432.6M-502.9M-383M-370.7M-407M-389.4M-336.7M
Shareholders Equity2.57B2.53B1.81B1.73B1.64B1.77B1.77B1.73B1.69B1.76B
Total Liabilities & Shareholders Equity10.39B10.38B4.87B4.75B4.64B4.72B4.64B4.4B4.51B4.49B
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 $10.39B for 2017 Q4 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 2017 Q4 total to $7.81B. 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
Debt to equity ratio
Asset turnover ratio
Receivables turnover
Price to book ratio