McCormick & Company, Incorporated (MKC) debt
What McCormick & Company owes, when it comes due, and what it costs to carry, from the balances and cash flows the company reports to the U.S. Securities and Exchange Commission.
At a glance
| Metric | Aug 2026 | Aug 2025 | Change |
|---|---|---|---|
| Total debt | $5.02B | $4.36B | +$660M |
| Due within a year | $2.11B | $1.25B | +$859M |
| Long-term debt | $2.91B | $3.10B | −$199M |
| Cash and equivalents | $331M | $95M | +$236M |
| Net debt | $4.69B | $4.26B | +$424M |
Total debt is the sum of the debt lines the company reports at that date (long-term, current and short-term borrowings), not a figure the company reports as a total.
Debt over time
| Balance date | Total debt | Due within a year | Long-term debt | Cash |
|---|---|---|---|---|
| Aug 2026 | $5.02B† | $2.11B | $2.91B | $331M |
| May 2026 | $4.93B† | $1.34B | $3.60B | $331M |
| Feb 2026 | $4.92B† | $1.32B | $3.60B | $178M |
| Nov 2025 | $4.00B† | $891M | $3.11B | $96M |
| Aug 2025 | $4.36B† | $1.25B | $3.10B | $95M |
| May 2025 | $4.45B† | $1.36B | $3.10B | $124M |
| Feb 2025 | $4.31B† | $1.21B | $3.10B | $103M |
| Nov 2024 | $4.34B† | $748M | $3.59B | $186M |
| Aug 2024 | $4.59B† | $1.24B | $3.34B | $201M |
| May 2024 | $4.46B† | $1.14B | $3.33B | $166M |
| Feb 2024 | $4.46B† | $1.13B | $3.33B | $178M |
| Nov 2023 | $4.41B† | $1.07B | $3.34B | $167M |
† Sum of the debt lines the company reports at that date, not a reported total.
When it comes due
Principal due by year as of November 30, 2025.
| Due | Principal | Share of total |
|---|---|---|
| Year 2 | $760M | 24.2% |
| Year 3 | $10M | 0.3% |
| Year 4 | $21M | 0.7% |
| Year 5 | $512M | 16.3% |
| After year 5 | $1.84B | 58.6% |
| Total | $3.15B | 100% |
Interest cost and borrowing
| Fiscal year | Interest expense | Borrowed | Repaid |
|---|---|---|---|
| FY Nov 2025 | $196M | $3M | $268M |
| FY Nov 2024 | $209M | $496M | $801M |
| FY Nov 2023 | $208M | $496M | $268M |
| FY Nov 2022 | $149M | $0 | $772M |
| FY Nov 2021 | $137M | $1.00B | $257M |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters.
About these figures
These are the balances McCormick & Company reports in its SEC filings as of each balance-sheet date, and the interest, borrowing and repayments it reports for each period. This page does not show market prices or yields of the company's bonds. "Long-term debt" is the line as the company tags it in its filings and may or may not include the portion due within a year.
All figures from company filings with the SEC.