Mccormick (MKC) Debt Ratio (2009 - 2026)
Mccormick's (MKC) Debt Ratio was 0.30 for fiscal Q2 2026 (quarter ended May 31, 2026), down 11.3% from 0.34 a year earlier and down 0.6% from the prior quarter.
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Analysis
Mccormick (MKC) Debt Ratio (2009 - 2026) Analysis & Trends
Dating back to fiscal Q3 2009, Mccormick's Debt Ratio record includes 68 quarters.
- Debt Ratio has declined for four consecutive fiscal years.
- By fiscal year, Debt Ratio came in at 0.33 in FY2024 (-3.1%), 0.34 in FY2023 (-12.6%), 0.39 in FY2022 (-4.1%) and 0.41 in FY2021 (+0.9%).
- The fiscal Q2 2026 figure ranks as the lowest quarterly Debt Ratio since fiscal Q4 2014.
- Year over year, Debt Ratio has now declined in each of the last 18 quarters, with an average decline of 6.1% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was fiscal Q3 2021 (growth of 11.6%); the low point was fiscal Q4 2023 (a decline of 12.6%).
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at 0.30 (Q1 2026), 0.30 (Q4 2025) and 0.33 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 136.33 Bn | 111.70 Bn | - | 0.42 |
| 2 | Mondelez International | 76.81 Bn | 70.13 Bn | 3.99 Bn | 0.30 |
| 3 | Hershey | 33.25 Bn | 29.49 Bn | 1.26 Bn | 0.40 |
| 4 | Kraft Heinz | 27.93 Bn | 14.46 Bn | 2.03 Bn | 0.26 |
| 5 | General Mills | 17.97 Bn | 15.62 Bn | 1.49 Bn | 0.45 |
| 6 | Mccormick | 13.05 Bn | 12.93 Bn | 778.20 Mn | 0.30 |
| 7 | J M Smucker | 12.89 Bn | 12.67 Bn | 979.60 Mn | 0.42 |
| 8 | Hormel Foods | 10.99 Bn | 7.67 Bn | 471.52 Mn | 0.21 |
| 9 | Chewy | 7.48 Bn | 4.77 Bn | 1.01 Bn | 0.16 |
| 10 | Conagra Brands | 6.78 Bn | 5.76 Bn | 704.10 Mn | 0.42 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 0.30 |
| Feb 28, 2026 | 0.30 |
| Nov 30, 2025 | 0.30 |
| Aug 31, 2025 | 0.33 |
| May 31, 2025 | 0.34 |
| Feb 28, 2025 | 0.33 |
| Nov 30, 2024 | 0.33 |
| Aug 31, 2024 | 0.35 |
| May 31, 2024 | 0.34 |
| Feb 29, 2024 | 0.35 |
| Nov 30, 2023 | 0.34 |
| Aug 31, 2023 | 0.37 |
| May 31, 2023 | 0.38 |
| Feb 28, 2023 | 0.39 |
| Nov 30, 2022 | 0.39 |
| Aug 31, 2022 | 0.41 |
| May 31, 2022 | 0.41 |
| Feb 28, 2022 | 0.42 |
| Nov 30, 2021 | 0.41 |
| Aug 31, 2021 | 0.43 |
API Access
Mccormick Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=MKC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "MKC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=MKC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();