McCORMICK & COMPANY, INCORPORATED (MKC) Current Ratio
- Current ratio · latest quarter: Value 0.78×; Formula and calculation Current assets / current liabilities..
Current ratio
Overview →Financial period ending 2026-05-31; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Current ratio · latest quarter | 0.78× | Current assets / current liabilities. $2.79B ÷ $3.57B ≈ 0.78× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Current assets | 2.79B USD | Assets, Current |
| Current obligations | 3.57B USD | Liabilities, Current |
| Cash and equivalents | 331.20M USD | Cash and Cash Equivalents, at Carrying Value |
| Short-term securities | (m) | |
| Customer receivables | 709.40M USD | Accounts Receivable, after Allowance for Credit Loss, Current |
| Inventory | (m) | Inventory, Net |
| Payables | (m) | |
| Borrowing debt due within one year | 9.50M USD | Long-term Debt, Current Maturities |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Current assets (USD) | Current obligations (USD) | Cash and equivalents (USD) | Short-term securities (USD) | Customer receivables (USD) | Inventory (USD) | Payables (USD) | Borrowing debt due within one year (USD) | Current ratio |
|---|---|---|---|---|---|---|---|---|---|
| 2026-05-31 | $2.79B | $3.57B | $331.20M | (m) | $709.40M | (m) | (m) | $9.50M | 0.78× |
| 2026-02-28 | $2.61B | $3.44B | $177.70M | (m) | $829.20M | (m) | (m) | $9.40M | 0.76× |
| 2025-11-30 | $2.14B | $3.06B | $95.90M | (m) | $628.90M | (m) | (m) | $509.10M | 0.70× |
| 2025-08-31 | $2.22B | $3.12B | $94.90M | (m) | $668.70M | (m) | (m) | $757.30M | 0.71× |
| 2025-05-31 | $2.17B | $3.19B | $124.10M | (m) | $584.50M | (m) | (m) | $756.70M | 0.68× |
| 2025-02-28 | $2.01B | $3.10B | $102.80M | (m) | $516.90M | (m) | (m) | $755.10M | 0.65× |
| 2024-11-30 | $2.14B | $2.88B | $186.10M | (m) | $587.40M | $1.24B | (m) | $265.20M | 0.74× |
| 2024-08-31 | $2.24B | $3.14B | $200.80M | (m) | $660.90M | (m) | (m) | $64.20M | 0.71× |
| 2024-05-31 | $2.07B | $2.98B | $166.30M | (m) | $598.50M | (m) | (m) | $786.60M | 0.69× |
| 2024-02-29 | $2.02B | $2.97B | $178.00M | (m) | $567.50M | (m) | (m) | $798.40M | 0.68× |
| 2023-11-30 | $2.00B | $3.10B | $166.60M | (m) | $587.50M | $1.13B | (m) | $799.30M | 0.65× |
| 2023-08-31 | $2.13B | $3.17B | $154.70M | (m) | $624.50M | (m) | (m) | $1.00B | 0.67× |
| 2023-05-31 | $2.10B | $2.49B | $127.40M | (m) | $557.20M | (m) | (m) | $285.70M | 0.85× |
| 2023-02-28 | $2.41B | $3.32B | $356.80M | (m) | $571.00M | (m) | (m) | $281.20M | 0.73× |
| 2022-11-30 | $2.39B | $3.43B | $334.00M | (m) | $573.70M | $1.34B | (m) | $270.60M | 0.70× |
| 2022-08-31 | $2.41B | $3.14B | $343.90M | (m) | $565.80M | (m) | (m) | $20.60M | 0.77× |
| 2022-05-31 | $2.32B | $3.13B | $325.80M | (m) | $493.10M | (m) | (m) | $770.80M | 0.74× |
| 2022-02-28 | $2.24B | $3.08B | $338.40M | (m) | $516.70M | (m) | (m) | $770.80M | 0.73× |
| 2021-11-30 | $2.20B | $3.22B | $351.70M | (m) | $549.50M | $1.18B | (m) | $770.30M | 0.68× |
| 2021-08-31 | $2.16B | $3.16B | $312.60M | (m) | $541.00M | (m) | (m) | $768.50M | 0.68× |
| 2021-05-31 | $2.05B | $2.38B | $291.80M | (m) | $500.40M | (m) | (m) | $267.80M | 0.86× |
| 2021-02-28 | $1.95B | $2.42B | $256.10M | (m) | $515.90M | (m) | (m) | $265.90M | 0.81× |
| 2020-11-30 | $2.08B | $3.05B | $423.60M | (m) | $528.50M | $1.03B | (m) | $263.90M | 0.68× |
| 2020-08-31 | $1.76B | $1.95B | $221.00M | (m) | $496.50M | (m) | (m) | $263.70M | 0.90× |
| 2020-05-31 | $1.62B | $1.58B | $185.00M | (m) | $494.30M | (m) | (m) | $88.90M | 1.02× |
| 2020-02-29 | $1.52B | $2.07B | $170.80M | (m) | $409.90M | (m) | (m) | $88.90M | 0.74× |
| 2019-11-30 | $1.55B | $2.15B | $155.40M | (m) | $502.90M | $801.20M | (m) | $97.70M | 0.72× |
| 2019-08-31 | $1.59B | $2.03B | $162.90M | (m) | $494.60M | (m) | (m) | $119.30M | 0.78× |
| 2019-05-31 | $1.47B | $1.86B | $139.40M | (m) | $429.00M | (m) | (m) | $87.50M | 0.79× |
| 2019-02-28 | $1.43B | $1.83B | $102.30M | (m) | $435.70M | (m) | (m) | $85.80M | 0.78× |
| 2018-11-30 | $1.48B | $2.00B | $96.60M | (m) | $518.10M | $786.30M | (m) | $83.50M | 0.74× |
| 2018-08-31 | $1.47B | $1.86B | $73.00M | (m) | $511.70M | (m) | (m) | $75.50M | 0.79× |
| 2018-05-31 | $1.56B | $1.85B | $202.60M | (m) | $473.90M | (m) | (m) | $75.50M | 0.85× |
| 2018-02-28 | $1.61B | $1.87B | $179.60M | (m) | $502.00M | (m) | (m) | $75.60M | 0.86× |
| 2017-11-30 | $1.62B | $1.95B | $186.80M | (m) | $555.10M | $793.30M | (m) | $325.60M | 0.83× |
| 2017-08-31 | $1.64B | $1.73B | $166.10M | (m) | $556.20M | (m) | (m) | $325.50M | 0.95× |
| 2017-05-31 | $1.43B | $1.80B | $130.00M | (m) | $429.70M | (m) | (m) | $250.60M | 0.79× |
| 2017-02-28 | $1.39B | $1.74B | $125.70M | (m) | $404.40M | (m) | (m) | $250.70M | 0.80× |
| 2016-11-30 | $1.42B | $1.42B | $118.40M | (m) | $465.20M | $756.30M | (m) | $2.90M | 1.00× |
| 2016-08-31 | $1.42B | $1.34B | $134.20M | (m) | $445.30M | (m) | (m) | $600.00K | 1.06× |
| 2016-05-31 | $1.35B | $1.27B | $131.50M | (m) | $399.60M | (m) | (m) | $600.00K | 1.07× |
| 2016-02-29 | $1.26B | $1.09B | $111.80M | (m) | $371.20M | (m) | (m) | $600.00K | 1.15× |
| 2015-11-30 | $1.36B | $1.24B | $112.60M | (m) | $455.20M | (m) | (m) | $203.50M | 1.10× |
| 2015-08-31 | $1.37B | $1.40B | $108.40M | (m) | $422.90M | (m) | (m) | $203.60M | 0.98× |
| 2015-05-31 | $1.36B | $1.34B | $89.50M | (m) | $390.60M | (m) | (m) | $205.90M | 1.02× |
| 2015-02-28 | $1.30B | $1.22B | $81.80M | (m) | $384.10M | (m) | (m) | $205.70M | 1.07× |
| 2014-11-30 | $1.42B | $1.12B | $77.30M | (m) | $493.60M | (m) | (m) | $1.20M | 1.26× |
| 2014-08-31 | $1.41B | $1.08B | $93.80M | (m) | $476.80M | (m) | (m) | $1.20M | 1.31× |
| 2014-05-31 | $1.32B | $1.00B | $81.40M | (m) | $417.10M | (m) | (m) | $1.30M | 1.32× |
| 2014-02-28 | $1.34B | $1.01B | $89.40M | (m) | $428.00M | (m) | (m) | $1.80M | 1.32× |
| 2013-11-30 | $1.37B | $1.06B | $63.00M | (m) | $495.50M | (m) | (m) | $2.50M | 1.29× |
| 2013-08-31 | $1.37B | $1.05B | $146.80M | (m) | $462.40M | (m) | (m) | $252.10M | 1.30× |
| 2013-05-31 | $1.22B | $1.23B | $72.10M | (m) | $399.90M | (m) | (m) | $252.80M | 0.99× |
| 2013-02-28 | $1.21B | $1.12B | $68.60M | (m) | $403.90M | (m) | (m) | $252.70M | 1.09× |
| 2012-11-30 | $1.29B | $1.19B | $79.00M | (m) | $465.90M | (m) | (m) | $252.30M | 1.08× |
| 2012-08-31 | $1.22B | $902.60M | $72.20M | (m) | $411.20M | (m) | (m) | $2.30M | 1.35× |
| 2012-05-31 | $1.17B | $900.30M | $61.40M | (m) | $378.00M | (m) | (m) | $2.20M | 1.30× |
| 2012-02-29 | $1.19B | $959.90M | $54.40M | (m) | $381.10M | (m) | (m) | $1.90M | 1.24× |
| 2011-11-30 | $1.22B | $993.30M | $53.90M | (m) | $427.00M | (m) | (m) | $5.40M | 1.23× |
| 2011-08-31 | $1.16B | $639.50M | $52.20M | (m) | $391.70M | (m) | (m) | $300.00K | 1.82× |
| 2011-05-31 | $1.08B | $846.50M | $47.90M | (m) | $342.60M | (m) | (m) | $100.30M | 1.28× |
| 2011-02-28 | $1.02B | $806.70M | $40.60M | (m) | $326.80M | (m) | (m) | $100.30M | 1.26× |
| 2010-11-30 | $1.02B | $834.80M | $50.80M | (m) | $386.70M | (m) | (m) | $100.20M | 1.22× |
| 2010-08-31 | $955.60M | $798.50M | $23.60M | (m) | $319.70M | (m) | (m) | $100.30M | 1.20× |
| 2010-05-31 | $907.80M | $709.30M | $23.10M | (m) | $310.80M | (m) | (m) | $400.00K | 1.28× |
| 2010-02-28 | $901.80M | $715.50M | $21.90M | (m) | $325.30M | (m) | (m) | $14.50M | 1.26× |
| 2009-11-30 | $970.50M | $818.20M | $39.50M | (m) | $365.30M | (m) | (m) | $14.90M | 1.19× |
| 2009-08-31 | $920.40M | $854.30M | $27.90M | (m) | $328.60M | (m) | (m) | $14.90M | 1.08× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.