McCormick (McCormick) Effective Interest Rate on Debt % : 4.45% (As of Feb. 2024)

McCormick Effective Interest Rate on Debt % Chart

McCormick Annual Data
	Trend	Nov14	Nov15	Nov16	Nov17	Nov18	Nov19	Nov20	Nov21	Nov22	Nov23
Effective Interest Rate on Debt %		Get a 7-Day Free Trial					3.66	2.91	2.63	2.78	4.20

McCormick Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.84	4.15	4.37	4.50	4.45

Competitive Comparison of McCormick's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, McCormick's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

McCormick's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where McCormick's Effective Interest Rate on Debt % falls into.

McCormick Effective Interest Rate on Debt % Calculation

McCormick's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

where

McCormick's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

where

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

McCormick  (NYSE:MKC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

McCormick Effective Interest Rate on Debt % Related Terms

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McCormick (McCormick) Business Description