McCormick & Company, Incorporated

NYSE MKC

McCormick & Company, Incorporated Interest Coverage Ratio for the Trailing 12 Months (TTM) ending August 31, 2024: 5.21

McCormick & Company, Incorporated Interest Coverage Ratio is 5.21 for the Trailing 12 Months (TTM) ending August 31, 2024, a 8.38% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • McCormick & Company, Incorporated Interest Coverage Ratio for the Trailing 12 Months (TTM) ending August 31, 2023 was 4.80, a -32.58% change year over year.
  • McCormick & Company, Incorporated Interest Coverage Ratio for the Trailing 12 Months (TTM) ending August 31, 2022 was 7.12, a -9.13% change year over year.
  • McCormick & Company, Incorporated Interest Coverage Ratio for the Trailing 12 Months (TTM) ending August 31, 2021 was 7.84, a 6.55% change year over year.
  • McCormick & Company, Incorporated Interest Coverage Ratio for the Trailing 12 Months (TTM) ending August 31, 2020 was 7.36, a 26.65% change year over year.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
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NYSE: MKC

McCormick & Company, Incorporated

CEO Mr. Brendan M. Foley
IPO Date April 26, 1999
Location United States
Headquarters 24 Schilling Road
Employees 13,800
Sector Consumer Staples
Industries
Description

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 in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

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StockViz Staff

January 15, 2025

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