McCormick & Company, Incorporated (MKC-V) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 2.79B | 2.61B | 2.14B | 2.22B | 2.17B | 2.01B | 2.14B | 2.24B | 2.07B | 2.02B | 2B | 2.13B | 2.1B | 2.41B | 2.39B | 2.41B | 2.32B | 2.24B | 2.2B | 2.16B |
| Cash & Short-Term Investments | 331.2M | 177.7M | 95.9M | 94.9M | 124.1M | 102.8M | 186.1M | 200.8M | 166.3M | 178M | 166.6M | 154.7M | 127.4M | 356.8M | 334M | 343.9M | 325.8M | 338.4M | 351.7M | 312.6M |
| Cash Only | 331.2M | 177.7M | 95.9M | 94.9M | 124.1M | 102.8M | 186.1M | 200.8M | 166.3M | 178M | 166.6M | 154.7M | 127.4M | 356.8M | 334M | 343.9M | 325.8M | 338.4M | 351.7M | 312.6M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 709.4M | 829.2M | 628.9M | 668.7M | 584.5M | 516.9M | 587.4M | 660.9M | 598.5M | 567.5M | 587.5M | 624.5M | 557.2M | 571M | 573.7M | 565.8M | 493.1M | 516.7M | 549.5M | 541M |
| Days Sales Outstanding | 36.55 | 35.01 | 31.91 | 33.42 | 30.53 | 30.95 | 31.59 | 34.49 | 32.64 | 32.79 | 31.46 | 32.27 | 31.28 | 32.9 | 30.58 | 30.53 | 30.23 | 31.52 | 28.68 | 30.92 |
| Inventory | 0 | 1.37B | 1.27B | 1.32B | 1.31B | 1.25B | 1.24B | 1.24B | 1.16B | 1.13B | 1.13B | 1.23B | 1.28B | 1.34B | 1.34B | 1.38B | 1.34B | 1.24B | 1.18B | 1.2B |
| Days Inventory Outstanding | - | 101.92 | 104.5 | 112.09 | 113.28 | 111.68 | 105 | 107.23 | 102.79 | 102.3 | 101.77 | 108.37 | 115.51 | 120.5 | 115.51 | 121.79 | 117.46 | 113.51 | 105.61 | 113.82 |
| Other Current Assets | 1.75B | 235.9M | 141.3M | 136.8M | 150.2M | 147.4M | 74.1M | 140M | 146.4M | 145.1M | 73.4M | 122.8M | 143.2M | 138.9M | 77.2M | 14.9M | 7.1M | 7.7M | 70.6M | 6.2M |
| Total Non-Current Assets | 13.69B | 13.74B | 11.06B | 11.02B | 11.02B | 10.89B | 10.93B | 10.96B | 10.92B | 10.87B | 10.86B | 10.86B | 10.8B | 10.79B | 10.74B | 10.53B | 10.63B | 10.7B | 10.71B | 10.72B |
| Property, Plant & Equipment | 1.5B | 1.51B | 1.45B | 1.42B | 1.42B | 1.39B | 1.62B | 1.4B | 1.37B | 1.35B | 1.54B | 1.29B | 1.25B | 1.23B | 1.42B | 1.14B | 1.14B | 1.14B | 1.28B | 1.11B |
| Fixed Asset Turnover | 1.28x | 1.27x | 1.29x | 1.22x | 1.18x | 1.06x | 1.19x | 1.21x | 1.21x | 1.11x | 1.24x | 1.33x | 1.34x | 1.19x | 1.33x | 1.40x | 1.35x | 1.26x | 1.45x | 1.39x |
| Goodwill | 6.29B | 6.32B | 5.3B | 5.31B | 5.29B | 5.21B | 5.23B | 5.28B | 5.26B | 5.25B | 5.26B | 5.25B | 5.24B | 5.23B | 5.21B | 5.21B | 5.3B | 5.33B | 5.34B | 5.38B |
| Intangible Assets | 4.94B | 4.96B | 3.29B | 3.3B | 3.31B | 3.31B | 3.5B | 3.33B | 3.34B | 3.35B | 3.52B | 3.36B | 3.37B | 3.38B | 3.55B | 3.4B | 3.42B | 3.44B | 3.59B | 3.48B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 282.7M | 0 | 0 | 0 | 264.1M | 0 | 0 | 283M | 283M | 0 | 0 | 0 | 301.3M | 0 |
| Other Non-Current Assets | 954.7M | 948.6M | 1.02B | 986.5M | 1.01B | 980M | 299.1M | 950.7M | 956M | 915M | 148.1M | 960.1M | 947.3M | 674.5M | 276.9M | 782.8M | 777.2M | 788.8M | 202.2M | 752.2M |
| Total Assets | 16.48B | 16.35B | 13.2B | 13.25B | 13.19B | 12.9B | 13.07B | 13.2B | 12.99B | 12.89B | 12.86B | 12.99B | 12.91B | 13.21B | 13.12B | 12.94B | 12.96B | 12.94B | 12.91B | 12.88B |
| Asset Turnover | 0.12x | 0.13x | 0.14x | 0.13x | 0.13x | 0.12x | 0.14x | 0.13x | 0.13x | 0.12x | 0.14x | 0.13x | 0.13x | 0.12x | 0.13x | 0.12x | 0.12x | 0.12x | 0.13x | 0.12x |
| Asset Growth % | 24.92% | 26.72% | 1% | 0.32% | 1.56% | 0.08% | 1.62% | 1.65% | 0.62% | -2.39% | -2% | 0.38% | -0.38% | 2.04% | 1.7% | 0.44% | 1.15% | 2.02% | 6.75% | 18.63% |
| Total Current Liabilities | 3.57B | 3.44B | 3.06B | 3.12B | 3.19B | 3.1B | 2.88B | 3.14B | 2.98B | 2.97B | 3.1B | 3.17B | 2.49B | 3.32B | 3.43B | 3.14B | 3.13B | 3.08B | 3.22B | 3.16B |
| Accounts Payable | 1.52B | 1.39B | 1.26B | 1.2B | 1.18B | 1.16B | 1.24B | 1.23B | 1.21B | 1.13B | 1.12B | 1.1B | 1.1B | 1.12B | 1.17B | 1.14B | 1.13B | 1.07B | 1.06B | 1.02B |
| Days Payables Outstanding | 115.42 | 102.4 | 98.89 | 101.16 | 103.82 | 107.84 | 104.29 | 108.9 | 105.3 | 102.15 | 96.03 | 95.3 | 98.03 | 103.02 | 98.3 | 101.48 | 99.78 | 99.95 | 92.44 | 99.94 |
| Short-Term Debt | 1.33B | 1.31B | 890.5M | 496.1M | 1.36B | 456.9M | 748.3M | 1.24B | 1.14B | 1.13B | 1.07B | 1.39B | 745.9M | 1.59B | 1.51B | 1.46B | 1.44B | 1.41B | 1.31B | 1.54B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.25B | 9.4M | 912.3M | 757.3M | 0 | 755.1M | 0 | 20.9M | 9M | 0 | 573.4M | 0 | 0 | 17.2M | 0 | 10M | 10.7M | 16.9M | 620.8M | 18.8M |
| Current Ratio | 0.78x | 0.76x | 0.70x | 0.71x | 0.68x | 0.65x | 0.74x | 0.71x | 0.69x | 0.68x | 0.65x | 0.67x | 0.85x | 0.73x | 0.70x | 0.77x | 0.74x | 0.73x | 0.68x | 0.68x |
| Quick Ratio | 0.78x | 0.36x | 0.28x | 0.29x | 0.27x | 0.25x | 0.31x | 0.32x | 0.31x | 0.30x | 0.28x | 0.28x | 0.33x | 0.32x | 0.30x | 0.33x | 0.31x | 0.32x | 0.31x | 0.30x |
| Cash Conversion Cycle | - | 34.53 | 37.52 | 44.34 | 39.99 | 34.79 | 32.29 | 32.82 | 30.13 | 32.95 | 37.21 | 45.34 | 48.75 | 50.38 | 47.78 | 50.83 | 47.91 | 45.07 | 41.85 | 44.8 |
| Total Non-Current Liabilities | 5.33B | 5.35B | 4.37B | 4.34B | 4.37B | 4.35B | 4.87B | 4.61B | 4.65B | 4.66B | 4.68B | 4.75B | 5.46B | 5B | 4.99B | 5.19B | 5.21B | 5.25B | 5.26B | 5.32B |
| Long-Term Debt | 3.6B | 3.6B | 3.11B | 3.1B | 3.1B | 3.1B | 3.59B | 3.34B | 3.33B | 3.33B | 3.34B | 3.39B | 4.12B | 3.62B | 3.64B | 3.9B | 3.92B | 3.96B | 3.97B | 3.98B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 166.6M | 0 | 0 | 0 | 179.9M | 0 | 0 | 0 | 176.1M | 0 | 0 | 0 | 106.1M | 0 |
| Deferred Tax Liabilities | 0 | 1.32B | 835.8M | 822.1M | 823M | 830M | 840.5M | 836.2M | 851M | 858.3M | 861.2M | 864.5M | 862.5M | 866.7M | 866.3M | 816.3M | 811M | 796.5M | 0 | 752.6M |
| Other Non-Current Liabilities | 1.73B | 420.1M | 428.5M | 416.4M | 452M | 422.5M | 270M | 430.3M | 472.3M | 471.5M | 298.9M | 499.2M | 484.1M | 510.2M | 308.6M | 472.8M | 478.5M | 488.9M | 936.9M | 582.4M |
| Total Liabilities | 8.9B | 8.79B | 7.43B | 7.46B | 7.56B | 7.45B | 7.75B | 7.75B | 7.63B | 7.63B | 7.78B | 7.92B | 7.95B | 8.32B | 8.43B | 8.33B | 8.34B | 8.33B | 8.48B | 8.48B |
| Total Debt | 4.92B | 4.91B | 4B | 3.6B | 4.45B | 3.55B | 4.51B | 4.59B | 4.46B | 4.46B | 4.59B | 4.78B | 4.86B | 5.21B | 5.33B | 5.36B | 5.36B | 5.37B | 5.39B | 5.52B |
| Net Debt | 4.59B | 4.74B | 3.9B | 3.51B | 4.33B | 3.45B | 4.32B | 4.39B | 4.3B | 4.28B | 4.42B | 4.62B | 4.74B | 4.85B | 4.99B | 5.02B | 5.03B | 5.03B | 5.04B | 5.21B |
| Debt / Equity | 0.65x | 0.65x | 0.69x | 0.62x | 0.79x | 0.65x | 0.85x | 0.84x | 0.83x | 0.85x | 0.90x | 0.94x | 0.98x | 1.07x | 1.13x | 1.16x | 1.16x | 1.16x | 1.22x | 1.25x |
| Debt / EBITDA | 17.81x | 15.57x | 10.21x | 10.29x | 14.71x | 12.73x | 12.61x | 13.45x | 15.33x | 15.96x | 13.27x | 15.99x | 17.97x | 21.09x | 16.82x | 18.80x | 25.96x | 20.99x | 16.66x | 17.67x |
| Net Debt / EBITDA | 16.62x | 15.01x | 9.97x | 10.02x | 14.30x | 12.36x | 12.09x | 12.86x | 14.76x | 15.32x | 12.78x | 15.47x | 17.50x | 19.65x | 15.76x | 17.59x | 24.38x | 19.67x | 15.58x | 16.67x |
| Interest Coverage | 4.41x | 4.91x | 6.89x | 5.94x | 5.01x | 4.85x | 6.01x | 5.60x | 4.66x | 4.86x | 5.89x | 4.78x | 4.49x | 4.15x | 6.14x | 8.25x | 4.85x | 6.44x | 8.45x | 7.93x |
| Total Equity | 7.57B | 7.56B | 5.77B | 5.78B | 5.63B | 5.45B | 5.32B | 5.45B | 5.35B | 5.26B | 5.08B | 5.07B | 4.96B | 4.89B | 4.7B | 4.61B | 4.62B | 4.61B | 4.43B | 4.4B |
| Equity Growth % | 34.51% | 38.65% | 8.49% | 6.1% | 5.16% | 3.66% | 4.59% | 7.51% | 8.02% | 7.56% | 8.18% | 10.06% | 7.41% | 5.93% | 6.18% | 4.62% | 6.32% | 10.79% | 12.32% | 11.58% |
| Book Value per Share | 28.13 | 28.05 | 21.42 | 21.48 | 20.90 | 20.22 | 19.71 | 20.21 | 19.85 | 19.50 | 18.86 | 18.77 | 18.37 | 18.12 | 17.39 | 17.05 | 17.06 | 17.06 | 16.55 | 16.31 |
| Total Shareholders' Equity | 7B | 6.98B | 5.74B | 5.75B | 5.6B | 5.42B | 5.29B | 5.42B | 5.33B | 5.23B | 5.06B | 5.05B | 4.94B | 4.87B | 4.68B | 4.59B | 4.6B | 4.6B | 4.41B | 4.39B |
| Common Stock | 2.31B | 2.31B | 582.4M | 2.27B | 2.26B | 2.25B | 2.24B | 2.23B | 2.23B | 2.21B | 2.2B | 2.19B | 2.18B | 2.15B | 2.14B | 2.13B | 2.12B | 2.09B | 2.06B | 2.04B |
| Retained Earnings | 4.84B | 4.82B | 3.82B | 3.84B | 3.74B | 3.69B | 3.54B | 3.58B | 3.48B | 3.41B | 3.25B | 3.25B | 3.19B | 3.16B | 3.02B | 3.05B | 2.93B | 2.92B | 2.78B | 2.78B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -161.4M | -148.9M | -363.1M | -361.1M | -401.2M | -524.6M | -491.2M | -390.4M | -387.6M | -393.7M | -388.6M | -393.9M | -431.5M | -437.1M | -480.6M | -590M | -454.6M | -416M | -426.5M | -435.6M |
| Minority Interest | 577.7M | 575.8M | 31.6M | 30.8M | 29M | 26.7M | 25.8M | 29.5M | 26.8M | 24.9M | 22.8M | 20.8M | 19.9M | 17.6M | 18.7M | 17.4M | 16.9M | 16.5M | 14.5M | 16.6M |