McCormick & Company, Incorporated
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has McCormick & Company, Incorporated's balance sheet done over the years? Its assets were worth $12,862,300,000 last year, which is less than in the previous period. 60% of McCormick & Company, Incorporated’s total assets is currently financed by debt. Its liabilities reached the amount of $7,778,800,000, which means an decrease by -8% compared compared to last year.
Debt to Assets
| 2014 | 4414300000 | 2.60B | 59.01% |
|---|---|---|---|
| 2015 | 4507800000 | 2.82B | 62.58% |
| 2016 | 4635900000 | 2.99B | 64.66% |
| 2017 | 10385800000 | 7.81B | 75.25% |
| 2018 | 10256400000 | 7.07B | 68.97% |
| 2019 | 10362100000 | 6.90B | 66.64% |
| 2020 | 12089700000 | 8.14B | 67.41% |
| 2021 | 12905800000 | 8.48B | 65.71% |
| 2022 | 13124900000 | 8.42B | 64.2% |
| 2023 | 12862300000 | 7.77B | 60.48% |
MKC-V Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 166.6M | 334M | 351.7M | 423.6M | 155.4M | 96.6M | 186.8M | 118.4M | 112.6M | 77.3M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | -107.9M | -97.6M | -88.3M | -73.1M |
Net receivables | 587.5M | 573.7M | 549.5M | 528.5M | 502.9M | 518.1M | 555.1M | 465.2M | 455.2M | 493.6M |
Inventory | 1.12B | 1.34B | 1.18B | 1.03B | 801.2M | 786.3M | 793.3M | 756.3M | 710.8M | 713.8M |
Other current assets | 121M | 77.2M | 70.6M | 98.9M | 90.7M | 51.7M | 81.8M | 81.9M | 78.8M | 131.5M |
Total current assets | 2.00B | 2.38B | 2.19B | 2.08B | 1.55B | 1.47B | 1.61B | 1.42B | 1.40B | 1.41B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.54B | 1.41B | 1.27B | 1.02B | 952.6M | 985.1M | 809.1M | 669.4M | 618.4M | 602.7M |
Goodwill | 5.26B | 5.21B | 5.33B | 4.98B | 4.50B | 4.52B | 4.49B | 1.77B | 1.75B | 1.72B |
Intangible assets | 3.51B | 3.54B | 3.59B | 3.23B | 2.84B | 2.87B | 3.07B | 424.9M | 372.1M | 330.8M |
Long term investments | 264.1M | 283M | 301.3M | 752M | 310.4M | 288M | 398.5M | 348.4M | 351.5M | 342.4M |
Other non-current assets | 275.2M | 276.9M | 202.2M | 176.3M | 507.1M | 102.2M | 107.9M | 80.9M | 67.6M | 55.8M |
Total non-current assets | 10.86B | 10.73B | 10.71B | 10.00B | 8.81B | 8.77B | 8.76B | 3.21B | 3.10B | 2.99B |
Total assets | 12.86B | 13.12B | 12.90B | 12.08B | 10.36B | 10.25B | 10.38B | 4.63B | 4.50B | 4.41B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 1.07B | 1.50B | 1.30B | 1.15B | 698.4M | 643.5M | 583.2M | 393.2M | 343M | 270.8M |
Total current liabilities | 3.09B | 3.43B | 3.22B | 3.04B | 2.15B | 2.00B | 1.94B | 1.42B | 1.24B | 1.12B |
| Non-current liabilities: | ||||||||||
Long term debt | 3.51B | 3.81B | 4.07B | 3.75B | 3.62B | 4.05B | 4.44B | 1.05B | 1.05B | 1.01B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 298.9M | 308.6M | 144.6M | 622.2M | 427.6M | 3.71B | 1.42B | 521.1M | 495.7M | 468.8M |
Total non-current liabilities | 4.67B | 4.99B | 5.25B | 5.10B | 4.75B | 5.07B | 5.86B | 1.57B | 1.58B | 1.48B |
Total liabilities | 7.77B | 8.42B | 8.48B | 8.14B | 6.90B | 7.07B | 7.81B | 2.99B | 2.82B | 2.60B |
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