Mccormick (MKC) Interest Coverage Ratio (2009 - 2026)
Mccormick's Interest Coverage Ratio came in at 3.17 for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 44.8% from 5.75 a year earlier and down 28.0% from the prior quarter.
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Analysis
Mccormick (MKC) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 31, 2026, Mccormick reported Interest Coverage Ratio of 4.59, down 12.9% year-over-year; for FY2025 (ended Nov 30, 2025), it was 5.46, up 7.8% from FY2024.
- Going back by fiscal year, Interest Coverage Ratio was 5.06 in FY2024 (+9.5%), 4.63 in FY2023 (-20.1%), 5.79 in FY2022 (-22.1%) and 7.43 in FY2021 (+0.8%).
- The fiscal Q3 2026 figure represents the lowest quarterly Interest Coverage Ratio in data going back to fiscal Q3 2009.
- Year-over-year, Interest Coverage Ratio increased in five of the last eight quarters, with an average decline of 1.9%.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in fiscal Q1 2024 (growth of 18.0%), and the weakest in fiscal Q3 2026 (a decline of 44.8%).
- Business Quant data shows MKC's Interest Coverage Ratio at 4.41 (Q2 2026), 4.81 (Q1 2026) and 6.69 (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 142.47 Bn | 93.93 Bn | - | - |
| 2 | Mondelez International | 82.20 Bn | 75.47 Bn | 3.99 Bn | - |
| 3 | Hershey | 34.19 Bn | 30.44 Bn | 1.26 Bn | - |
| 4 | Kraft Heinz | 28.23 Bn | 14.65 Bn | 2.03 Bn | -207.45 |
| 5 | General Mills | 17.93 Bn | 15.58 Bn | 1.49 Bn | - |
| 6 | J M Smucker | 13.85 Bn | 13.63 Bn | 979.60 Mn | - |
| 7 | Mccormick | 12.79 Bn | 11.85 Bn | 794.90 Mn | 3.17 |
| 8 | Hormel Foods | 11.28 Bn | 7.95 Bn | 471.52 Mn | 5.65 |
| 9 | Chewy | 8.73 Bn | 6.01 Bn | 1.01 Bn | - |
| 10 | Lamb Weston Holdings | 7.38 Bn | 7.00 Bn | 266.50 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 3.17 |
| May 31, 2026 | 4.41 |
| Feb 28, 2026 | 4.81 |
| Nov 30, 2025 | 6.69 |
| Aug 31, 2025 | 5.75 |
| May 31, 2025 | 4.82 |
| Feb 28, 2025 | 4.64 |
| Nov 30, 2024 | 5.81 |
| Aug 31, 2024 | 5.36 |
| May 31, 2024 | 4.43 |
| Feb 29, 2024 | 4.64 |
| Nov 30, 2023 | 5.64 |
| Aug 31, 2023 | 4.65 |
| May 31, 2023 | 4.25 |
| Feb 28, 2023 | 3.93 |
| Nov 30, 2022 | 5.95 |
| Aug 31, 2022 | 6.21 |
| May 31, 2022 | 4.66 |
| Feb 28, 2022 | 6.25 |
| Nov 30, 2021 | 8.29 |
API Access
Mccormick Interest Coverage 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=interest-coverage-ratio&ticker=MKC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-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=interest-coverage-ratio&ticker=MKC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();