MKC (McCormick) Interest Expense : $-206 Mil (TTM As of May. 2025)

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What is McCormick Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. McCormick's interest expense for the three months ended in May. 2025 was $ -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2025 was $-206 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. McCormick's Operating Income for the three months ended in May. 2025 was $ 259 Mil. McCormick's Interest Expense for the three months ended in May. 2025 was $ -51 Mil. McCormick's Interest Coverage for the quarter that ended in May. 2025 was 5.07. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

McCormick Interest Expense Historical Data

The historical data trend for McCormick's Interest Expense can be seen below:

* 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.

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McCormick Interest Expense Chart

McCormick Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Interest Expense

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-135.60

-136.60

-149.10

-208.20

-209.40

McCormick Quarterly Data
	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25
Interest Expense	Get a 7-Day Free Trial															-52.90	-53.50	-52.70	-48.50	-51.00

McCormick Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in May. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-206 Mil.

McCormick (NYSE:MKC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

McCormick's Interest Expense for the three months ended in May. 2025 was $-51 Mil. Its Operating Income for the three months ended in May. 2025 was $259 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2025 was $3,099 Mil.

McCormick's Interest Coverage for the quarter that ended in May. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: May. 2025 )	/	Interest Expense (Q: May. 2025 )
	=	-1	*	258.6	/	-51
	=	5.07

The higher the ratio, the stronger the company's financial strength is.

McCormick Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » McCormick & Co Inc (NYSE:MKC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MKC.V:USA MKC:Mexico 0JZS:UK MCX0:Germany MCX:Germany MCX:Germany MKC:Austria

Address

24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031

Website

https://www.mccormickcorporation.com

In its 135-year history, McCormick has become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond consumers, McCormick's customer base includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is extensive, with nearly 40% of sales generated beyond its home turf to 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.

Executives

Katherine Jenkins	officer: C.S.O. & SVP Investor Relation	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Gregory Repas	officer: V.P.& Asst. CFO	24 SCHILLING CIRCLE, SUITE 1, HUNT VALLEY MD 21031
Lawrence Erik Kurzius	director, officer: Chairman, President & CEO	18 LOVETON CIRCLE, SPARKS MD 21152
Maritza Gomez Montiel	director	C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Preston Margaret M V	director	MERCANTILE-SAFE DEPOSIT & TRUST CO, 2 HOPKINS PLZ, BALTIMORE MD 21201
Jacques Tapiero	director	MCCORMICK & COMPANY, INC., SPARKS MD 21152
Michael D Mangan	director	2041 ISLA VISTA LANE, NAPLES FL 34105
Patricia A Little	director	999 W BIG BEAVER ROAD, TROY MI 48084
Jeffery D Schwartz	officer: Vice President, Gen Counsel	18 LOVETON CIRCLE, SPARKS MD 21152
Andrew Foust	officer: President, Americas	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Ana Sanchez	officer: President EMEA	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Sarah Piper	officer: Chief Human Relations Officer	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Brendan M Foley	officer: President Global Consumer	18 LOVETON CIRCLE, SPARKS MD 21152
Michael R Smith	officer: Executive VP & CFO	18 LOVETON CIRCLE, SPARKS MD 21152
Malcolm Swift	officer: President Global Industrial &	18 LOVETON CIRCLE, SPARKS MD 21152