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Quick Ratio for McCormick & Comp Inc

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MKC.V: McCormick & Comp Inc

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 a...

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Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on McCormick & Comp Inc's Quick Ratio:

Nov 2016Nov 2018Nov 2020Nov 2022Nov 20240.0x0.1x0.2x0.3x0.4x0.5x
Performance Summary
  • McCormick & Comp's quick ratio last quarter was 0.2x
  • McCormick & Comp's quick ratio for fiscal years ending November 2020 to 2024 averaged 0.3x.
  • McCormick & Comp's operated at median quick ratio of 0.3x from fiscal years ending November 2020 to 2024.
  • Looking back at the last 5 years, McCormick & Comp's quick ratio peaked in November 2020 at 0.3x.
  • McCormick & Comp's quick ratio hit its 5-year low in November 2023 of 0.2x.
  • McCormick & Comp's quick ratio decreased in 2021 (0.3x, -10.6%), 2022 (0.3x, -5.4%), and 2023 (0.2x, -8.0%) and increased in 2020 (0.3x, +2.3%) and 2024 (0.3x, +10.3%).

How does McCormick & Comp's Quick Ratio benchmark against competitors?

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We've identified the following companies as similar to McCormick & Comp Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

McCormick & Comp Quick Ratio Benchmarks
NameTickerQuick Ratio
McCormick & Comp IncNYSE:MKC.V0.2x
Archer-Daniels-Midland CompanyNYSE:ADM0.3x
General Mills IncNYSE:GIS0.3x
Hershey CoNYSE:HSY0.4x
KellanovaNYSE:K0.4x
Consumer StaplesSECTOR:STPL.US0.6x
PepsiCo IncNASDAQGS:PEP0.6x
Glanbia plcOTCPK:GLAP.F0.7x
Bunge LimitedNYSE:BG0.8x
Pilgrims Pride CorpNASDAQGS:PPC1.2x
Hormel Foods CorporationNYSE:HRL1.2x
Tate & Lyle plcOTCPK:TATY.F2.5x

Metric Usage: Quick Ratio

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quick_ratio
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number
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text
Format
current
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FY, Q
Periods Supported
Free
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To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Quick Ratio in the risk category include:

  • Beta (5 Year) - A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole. A beta of 1.0 means that the company rises and falls in direct relationship to the movement of the benchmark index. A beta that is less than 1 indicates a stock that is less volatile than the overall market and a beta greater than 1 indicates that the stock is more volatile.
  • Degree of Financial Leverage (DFL) - The degree of financial leverage measures the sensitivity of a company's earnings per share to fluctuations in operating income, as a result of changes in its capital structure.
  • Equity / Total Assets - A ratio that measures a company's book value of total equity as a percentage of total assets.
  • FCF / Net Income - This data item measures the ratio of levered free cash flow to net income to common, excluding extra items. It is a quick and helpful check on the quality of earnings.
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Quick Ratio

A ratio used to assess a company's short-term liquidity.

Definition of Quick Ratio

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Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:

(Cash & ST Investments
  (+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio

Quick Ratio for McCormick is calculated as follows:

(Cash & ST Investments [ 102.8 M ]
  (+) Accounts Receivable [ 516.9 M ]
(/) Current Liabilities [ 3.102 B ]
(=) Quick Ratio [ 0.2x ]

The tables below summarizes the trend in McCormick’s quick ratio over the last five years:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2020-11-30 423.6 M 528.5 M 3.046 B 0.3x
2021-11-30 351.7 M 549.5 M 3.224 B 0.3x
2022-11-30 334 M 573.7 M 3.432 B 0.3x
2023-11-30 166.6 M 587.5 M 3.099 B 0.2x
2024-11-30 186.1 M 587.4 M 2.883 B 0.3x

The tables below summarizes the trend in McCormick’s quick ratio over the last four quarters:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2024-05-31 166.3 M 598.5 M 2.984 B 0.3x
2024-08-31 200.8 M 660.9 M 3.144 B 0.3x
2024-11-30 186.1 M 587.4 M 2.883 B 0.3x
2025-02-28 102.8 M 516.9 M 3.102 B 0.2x

Read more on Wikipedia: Quick Ratio

Click the link below to download a spreadsheet with an example Quick Ratio calculation for McCormick & Comp Inc below:

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