McCormick (McCormick) Total Current Assets : $2,020 Mil (As of Feb. 2024)

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What is McCormick Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. McCormick's total current assets for the quarter that ended in Feb. 2024 was $2,020 Mil.

McCormick Total Current Assets Historical Data

The historical data trend for McCormick's Total Current Assets 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 Total Current Assets Chart

McCormick Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Current Assets

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1,550.20

2,083.60

2,195.80

2,386.70

2,001.60

McCormick Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Assets	Get a 7-Day Free Trial															2,411.30	2,104.00	2,127.50	2,001.60	2,020.20

McCormick Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

McCormick's Total Current Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	166.6	+	587.5	+	1126.5	+	121
	=	2,002

McCormick's Total Current Assets for the quarter that ended in Feb. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	178	+	567.5	+	1129.6	+	145.1
	=	2,020

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

McCormick (NYSE:MKC) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

McCormick's Liquidation Value for the quarter that ended in Feb. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	178	-	7632.7	+	0.75 * 567.5	+	0.5 * 1129.6
=	-6,464

McCormick Total Current Assets Related Terms

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McCormick (McCormick) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MKC.V:USA MCX0:Germany MCX:Germany MCX:Germany M1KC34:Brazil MKC:Austria

Address

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

Website

https://www.mccormickcorporation.com

In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 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 the Cholula brand.

Executives

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