Total Debt for McCormick & Company (MKC)
According to McCormick & Company's latest reported financial statements, the company's latest reported total debt is $4.91B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$4.91B
YoY change
-11.4%
5Y CAGR
-4.4%
Peak year (2021)
$5.39B
Latest annual
$4.00B
Total Debt history chart for McCormick & Company (MKC) from 1985 to 2025
Total Debt history table for McCormick & Company (MKC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $4.00B | -11.4% | ||
| 2024 | $4.51B | -1.8% | ||
| 2023 | $4.59B | -13.8% | ||
| 2022 | $5.33B | -1.2% | ||
| 2021 | $5.39B | +7.6% | ||
| 2020 | $5.01B | +15.8% | ||
| 2019 | $4.32B | -7.9% | ||
| 2018 | $4.70B | -6.6% | ||
| 2017 | $5.03B | +247.4% | ||
| 2016 | $1.45B | +3.8% | ||
| 2015 | $1.39B | +8.5% | ||
| 2014 | $1.28B | +4.2% | ||
| 2013 | $1.23B | +5.2% | ||
| 2012 | $1.17B | -6.4% | ||
| 2011 | $1.25B | +42.2% | ||
| 2010 | $880.30M | -11.2% | ||
| 2009 | $991.10M | -20.0% | ||
| 2008 | $1.24B | +71.4% | ||
| 2007 | $723.10M | +11.1% | ||
| 2006 | $651.00M | +14.2% | ||
| 2005 | $570.00M | -10.7% | ||
| 2004 | $638.14M | +3.0% | ||
| 2003 | $619.66M | +5.4% | ||
| 2002 | $588.14M | -11.5% | ||
| 2001 | $664.90M | -6.6% | ||
| 2000 | $712.10M | +108.2% | ||
| 1999 | $342.00M | -17.4% | ||
| 1998 | $414.00M | +4.1% | ||
| 1997 | $397.80M | -0.6% | ||
| 1996 | $400.20M | -39.0% | ||
| 1995 | $656.40M | +8.3% | ||
| 1994 | $606.30M | +32.8% | ||
| 1993 | $456.50M | +31.3% | ||
| 1992 | $347.70M | +8.7% | ||
| 1991 | $320.00M | +16.9% | ||
| 1990 | $273.80M | +4.9% | ||
| 1989 | $261.00M | +10.2% | ||
| 1988 | $236.80M | +9.8% | ||
| 1987 | $215.60M | +39.9% | ||
| 1986 | $154.10M | +1.9% | ||
| 1985 | $151.30M | — |
Total Debt values are taken from McCormick & Company's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of McCormick & Company (MKC) total debt is $4.00B – declined 11.4% year-over-year.
Across 2020–2025 (5 years), McCormick & Company total debt produced a CAGR of -4.4% – with a net decline across the window.
The highest annual total debt of $5.39B was reported in 2021. The lowest in the available history was $151.30M in 1985.
McCormick & Company (MKC) sits 8th of 8 Consumer Defensive peers we track on this metric, against a peer median of $40.48B.
McCormick & Company Total Debt by Year
McCormick & Company Total Debt 2025: $4.00B
McCormick & Company total debt in 2025 was $4.00B, declined 11.4% below 2024.
McCormick & Company Total Debt 2024: $4.51B
McCormick & Company total debt in 2024 was $4.51B, edged down 1.8% below 2023.
McCormick & Company Total Debt 2023: $4.59B
McCormick & Company total debt in 2023 was $4.59B, declined 13.8% below 2022.
McCormick & Company Total Debt 2022: $5.33B
McCormick & Company total debt in 2022 was $5.33B, edged down 1.2% below 2021.
McCormick & Company Total Debt 2021: $5.39B
McCormick & Company total debt in 2021 was $5.39B.
See more financial history for McCormick & Company (MKC).
Sector peers — Total Debt
Companies in the same sector as McCormick & Company, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $67.09B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $49.90B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $48.84B | Consumer Defensive |
| The Coca-Cola Company (KO) | $45.49B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $35.46B | Consumer Defensive |
| Altria Group, Inc. (MO) | $25.71B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $8.17B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $0 | Consumer Defensive |
Frequently asked questions
What is McCormick & Company's total debt?
- Latest reported total debt for McCormick & Company (MKC) is $4.91B (period ending February 28, 2026).
How has McCormick & Company total debt changed year-over-year?
- McCormick & Company (MKC) total debt changed -11.4% year-over-year on the latest annual filing.
What is the long-term growth rate of McCormick & Company total debt?
- McCormick & Company (MKC) total debt compound annual growth rate is -4.4% over the most recent 5 years available.
When did McCormick & Company total debt hit its highest annual value?
- McCormick & Company total debt reached its highest annual value of $5.39B in 2021.
What was McCormick & Company total debt in 2024?
- McCormick & Company (MKC) total debt in 2024 was $4.51B.
What was McCormick & Company total debt in 2025?
- McCormick & Company (MKC) total debt in 2025 was $4.00B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
MKC Overview
Company profile, financial tools, and key metrics
MKC Revenue Counter
Earns $225.42 every second. See per minute, hour, and day.
MKC Earnings Counter
Earns $52.11 per second net profit. See per minute, hour, and day.
MKC Economic Scale
Exceeds Maldives's GDP. Compare with world economies.
MKC What If Invested
What if you had invested $1,000? See historical returns from any date.
MKC How It Makes Money
Discover visual breakdown of $7.11B in revenue — where it comes from and where it goes.
MKC Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
MKC Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
MKC Daily Price Character
Steady · 51.1% historical win rate (green days). Streaks & record days.
MKC Buybacks
0.27% TTM buyback yield. Shareholder yield & SBC comparison.
MKC Stock Split History
6 splits on record. Dates, ratios, and cumulative multiple.
MKC Dividend Profile
Yield: 3.68%. Safety: 7/8. See full history.
MKC Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
MKC Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.