MKC (McCormick) Cash And Cash Equivalents : $103 Mil (As of Feb. 2025)

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What is McCormick Cash And Cash Equivalents?

McCormick's quarterly cash and cash equivalents declined from Aug. 2024 ($200.80 Mil) to Nov. 2024 ($186.10 Mil) but then stayed the same from Nov. 2024 ($186.10 Mil) to Feb. 2025 ($102.80 Mil).

McCormick's annual cash and cash equivalents declined from Nov. 2022 ($334.00 Mil) to Nov. 2023 ($166.60 Mil) but then increased from Nov. 2023 ($166.60 Mil) to Nov. 2024 ($186.10 Mil).

McCormick Cash And Cash Equivalents Historical Data

The historical data trend for McCormick's Cash And Cash Equivalents 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.

* Premium members only.

McCormick Cash And Cash Equivalents Chart

McCormick Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Cash And Cash Equivalents

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423.60

351.70

334.00

166.60

186.10

McCormick Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Cash And Cash Equivalents	Get a 7-Day Free Trial															178.00	166.30	200.80	186.10	102.80

McCormick Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

McCormick (NYSE:MKC) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

McCormick Cash And Cash Equivalents Related Terms

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McCormick Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MKC.V:USA 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

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
Katherine Jenkins	officer: C.S.O. & SVP Investor Relation	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
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
Ana Sanchez	officer: President EMEA	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Andrew Foust	officer: President, Americas	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