McCormick (MEX:MKC) LT-Debt-to-Total-Asset: 0.22 (As of May. 2026)

What is McCormick LT-Debt-to-Total-Asset?

McCormick MEX:MKC 65 LT-Debt-to-Total-Asset is 0.22 as of May. 2026. GuruFocus rates MEX:MKC with a GF Score™ of 65/100 and a GF Value™ of MXN1,375.67 (Significantly Undervalued). The stock has 5 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. McCormick's long-term debt to total assests ratio for the quarter that ended in May. 2026 was 0.22.

McCormick's long-term debt to total assets ratio declined from May. 2025 (0.24) to May. 2026 (0.22). It may suggest that McCormick is progressively becoming less dependent on debt to grow their business.

McCormick (MEX:MKC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

McCormick LT-Debt-to-Total-Asset Related Terms

McCormick LT-Debt-to-Total-Asset Historical Data

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The historical data trend for McCormick's LT-Debt-to-Total-Asset 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.

McCormick LT-Debt-to-Total-Asset Chart

McCormick Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

LT-Debt-to-Total-Asset

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0.32

0.29

0.27

0.29

0.25

McCormick Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.23	0.25	0.22	0.22

65GF Score

McCormick & Co Inc MEX:MKC

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McCormick LT-Debt-to-Total-Asset Calculation

McCormick's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2025 is calculated as

LT Debt to Total Assets (A: Nov. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2025 )	/	Total Assets (A: Nov. 2025 )
	=	59971.237	/	241834.219
	=	0.25

McCormick's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2026 is calculated as

LT Debt to Total Assets (Q: May. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2026 )	/	Total Assets (Q: May. 2026 )
	=	62414.171	/	285874.39
	=	0.22

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.22 mean?

McCormick (MEX:MKC) has a LT-Debt-to-Total-Asset of 0.22 as of May. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on McCormick and its competitors.

Is McCormick's LT-Debt-to-Total-Asset too high?

McCormick's current LT-Debt-to-Total-Asset is 0.22. Overall, McCormick has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does McCormick's LT-Debt-to-Total-Asset compare to JBS and HRL?

McCormick's LT-Debt-to-Total-Asset of 0.22 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for a Consumer Packaged Goods company?

A good LT-Debt-to-Total-Asset depends on the Consumer Packaged Goods industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on McCormick and its competitors. McCormick's current LT-Debt-to-Total-Asset is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is McCormick stock overvalued right now?

Based on GuruFocus' analysis, McCormick (MEX:MKC) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,375.67, compared to a current price of MXN927.00 — trading 32.6% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.22. McCormick's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For McCormick (MEX:MKC), the current LT-Debt-to-Total-Asset is 0.22 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is McCormick (MEX:MKC) Overvalued in 2026?

Based on GuruFocus' analysis, McCormick stock appears to be undervalued. The current stock price of MXN927.00 is trading 32.6% below its estimated GF Value™ of MXN1,375.67. GuruFocus considers McCormick to be Significantly Undervalued.

Key valuation signals for MEX:MKC:

LT-Debt-to-Total-Asset: 0.22
GF Value™: MXN1,375.67 vs. price of MXN927.00 (32.6% below fair value)
GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the MEX:MKC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

McCormick Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies JBS HRL SJM SFD DAR GIS PPC CPB CAG LW XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 NSE:NESTLEIND SHSE:603288 KHC SHSE:600887 SZSE:300999 LSE:ABF

Other Exchanges MKC.V:USA MKC:USA 1MKC:Italy 0JZS:UK MCX:Germany M1KC34:Brazil MKC:Austria

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

Website https://www.mccormickcorporation.com

In its 135-plus-year history, McCormick has become the leading global manufacturer of spices, herbs, extracts, seasonings, and other flavorings. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula. This mix will be complemented by the pending addition of Unilever's food brands, primarily Knorr cooking aids and Hellmann's mayonnaise. After the deal close, the combined business is slated to generate 70% of sales from consumers and 30% from restaurants and other packaged food and beverage manufacturers. Around 40% of sales are slated to come from faster-growing emerging markets, with Europe (23%) and North America (36%) accounting for the remainder.

65GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN927.00

Price

MXN1,375.67

GF Value

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