Switch to:
McCormick & Co Inc (NYSE:MKC)
Equity to Asset Ratio
0.37 (As of Aug. 2016)

Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. McCormick & Co Inc's total equity for the quarter that ended in Aug. 2016 was \$1,757 Mil. McCormick & Co Inc's total assets for the quarter that ended in Aug. 2016 was \$4,717 Mil. Therefore, McCormick & Co Inc's Equity to Asset Ratio for the quarter that ended in Aug. 2016 was 0.37.

MKC' s Equity to Asset Range Over the Past 10 Years
Min: 0.22   Max: 0.46
Current: 0.37

0.22
0.46

During the past 13 years, the highest Equity to Asset Ratio of McCormick & Co Inc was 0.46. The lowest was 0.22. And the median was 0.37.

MKC's Equity to Asset is ranked lower than
72% of the 1563 Companies
in the Global Packaged Foods industry.

( Industry Median: 0.52 vs. MKC: 0.37 )

Definition

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing shareholders tangible equity divided by its total asset.

McCormick & Co Inc's Equity to Asset Ratio for the fiscal year that ended in Nov. 2015 is calculated as

 Equity to Asset (A: Nov. 2015 ) = Total Equity / Total Assets = 1670.2 / 4507.8 = 0.37

McCormick & Co Inc's Equity to Asset Ratio for the quarter that ended in Aug. 2016 is calculated as

 Equity to Asset (Q: Aug. 2016 ) = Total Equity / Total Assets = 1757.4 / 4716.5 = 0.37

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher Return on Equity because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

McCormick & Co Inc Annual Data

 Nov06 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 equity2asset 0.36 0.39 0.33 0.39 0.43 0.39 0.40 0.43 0.41 0.37

McCormick & Co Inc Quarterly Data

 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 equity2asset 0.45 0.44 0.41 0.40 0.39 0.39 0.37 0.39 0.38 0.37
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)