McCormick & Company, Incorporated

McCormick & Company, Incorporatedverified

MKC

Price:

$71.45

Market Cap:

$19.19B

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands...[Read more]

Industry

Packaged Foods

IPO Date

1999-04-26

Stock Exchange

NYSE

Ticker

MKC

The Current Ratio as of July 2024 (TTM) for McCormick & Company, Incorporated (MKC) is 0.69

According to McCormick & Company, Incorporated’s latest financial reports and current stock price. The company's current Current Ratio is 0.69. This represents a change of 3.13% compared to the average of 0.67 of the last 4 quarters.

McCormick & Company, Incorporated (MKC) Historical Current Ratio (quarterly & annually)

How has MKC Current Ratio performed in the past?

The mean historical Current Ratio of McCormick & Company, Incorporated over the last ten years is 0.84. The current 0.69 Current Ratio has changed 8.16% with respect to the historical average. Over the past ten years (40 quarters), MKC's Current Ratio was at its highest in in the August 2014 quarter at 1.31. The Current Ratio was at its lowest in in the November 2023 quarter at 0.65.

Quarterly (TTM)
Annual

Average

0.84

Median

0.73

Minimum

0.65

Maximum

1.26

McCormick & Company, Incorporated (MKC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of McCormick & Company, Incorporated Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.09%

Maximum Annual Current Ratio = 1.26

Minimum Annual Increase = -16.91%

Minimum Annual Current Ratio = 0.65

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.65-7.11%
20220.702.09%
20210.68-0.41%
20200.68-4.95%
20190.72-2.67%
20180.74-10.97%
20170.83-16.91%
20161.00-11.88%
20151.13-10.15%
20141.26-2.07%

McCormick & Company, Incorporated (MKC) Average Current Ratio

How has MKC Current Ratio performed in the past?

The current Current Ratio of McCormick & Company, Incorporated (MKC) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

0.67

5-year avg

0.69

10-year avg

0.84

McCormick & Company, Incorporated (MKC) Current Ratio vs. Peers

How is MKC’s Current Ratio compared to its peers?

McCormick & Company, Incorporated’s Current Ratio is less than Conagra Brands, Inc. (0.95), greater than Campbell Soup Company (0.62), greater than Kellogg Company (0.62), greater than General Mills, Inc. (0.65), less than Hormel Foods Corporation (1.73), greater than The J. M. Smucker Company (0.52), less than The Kraft Heinz Company (1.09),

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