McCormick & Company Incorporated

NYSE MKC-V

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McCormick & Company Incorporated Short-Term Debt to Total Assets Ratio 2 year CAGR for the year ending November 30, 2023: -9.39%

McCormick & Company Incorporated Short-Term Debt to Total Assets Ratio 2 year CAGR is -9.39% for the year ending November 30, 2023, a -195.30% change year over year. The short-term debt to total assets ratio measures the proportion of short-term debt to total assets of a company. It is calculated by dividing the short-term debt by the total assets. This ratio indicates the extent to which short-term debt contributes to the company's total asset structure. A higher ratio suggests a higher level of short-term debt relative to total assets. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • McCormick & Company Incorporated Short-Term Debt to Total Assets Ratio for the year ending November 30, 2022 was 0.11, a 13.19% change year over year.
  • McCormick & Company Incorporated Short-Term Debt to Total Assets Ratio for the year ending November 30, 2021 was 0.10, a 6.61% change year over year.
  • McCormick & Company Incorporated Short-Term Debt to Total Assets Ratio for the year ending November 30, 2020 was 0.10, a 41.21% change year over year.
  • McCormick & Company Incorporated Short-Term Debt to Total Assets Ratio for the year ending November 30, 2019 was 0.07.
NYSE: MKC-V

McCormick & Company Incorporated

CEO -
IPO Date Oct. 7, 2003
Location United States
Headquarters 24 Schilling Road, Hunt Valley, MD, United States, 21031
Employees 13,800
Sector Consumer Defensive
Industry Packaged foods
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, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other 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

September 20, 2024

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