Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 29.94% is 18% below its 5-year average of 36.68%, near the low end of its 5-year range (29.94%–42.85%).
As of the fiscal period ended Sunday, May 31, 2026. 4.65% below its 12-month average of 31.40%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
29.94%
DEBT TO ASSETS RATIO AVG TTM
31.40%
DEBT TO ASSETS RATIO AVG 3Y
34.10%
DEBT TO ASSETS RATIO AVG 5Y
36.68%
DEBT TO ASSETS RATIO AVG 10Y
39.52%
DEBT TO ASSETS RATIO AVG 15Y
36.58%
DEBT TO ASSETS RATIO AVG 20Y
35.19%
CURRENT VS TTM AVG
-4.65%
CURRENT VS 3Y AVG
-12.20%
CURRENT VS 5Y AVG
-18.37%
CURRENT VS 10Y AVG
-24.24%
CURRENT VS 15Y AVG
-18.14%
CURRENT VS 20Y AVG
-14.90%
SECTOR MEDIAN · CONSUMER DEFENSIVE
0.36%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+8217.10%
vs the sector median at left
McCormick & Company, Incorporated
Market Cap
$13.43B
Debt to Assets Ratio
29.94%
TTM Avg
31.40%
3Y Avg
34.10%
5Y Avg
36.68%
Market Cap
$13.92B
Debt to Assets Ratio
0.21%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$12.65B
Debt to Assets Ratio
0.44%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$12.16B
Debt to Assets Ratio
0.27%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$10.33B
Debt to Assets Ratio
0.20%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$7.68B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| McCormick & Company, Incorporated (MKC) | $13.43B | 29.94% | 31.40% | 34.10% | 36.68% |
| Hormel Foods Corporation (HRL)vs › | $13.92B | 0.21% | N/A | N/A | N/A |
| The J. M. Smucker Company (SJM)vs › | $12.65B | 0.44% | N/A | N/A | N/A |
| Brown-Forman Corporation (BF-B)vs › | $12.16B | 0.27% | N/A | N/A | N/A |
| The Clorox Company (CLX)vs › | $11.55B | 0.52% | N/A | N/A | N/A |
| Smithfield Foods, Inc. (SFD)vs › | $10.33B | 0.20% | N/A | N/A | N/A |
| Molson Coors Beverage Company (TAP)vs › | $7.68B | 0.28% | N/A | N/A | N/A |
| General Mills, Inc. (GIS)vs › | $19.23B | 0.45% | N/A | N/A | N/A |
| Conagra Brands, Inc. (CAG)vs › | $7.07B | 0.42% | N/A | N/A | N/A |
| Celsius Holdings, Inc. (CELH)vs › | $6.93B | 0.13% | N/A | N/A | N/A |
Debt/Assets
29.9%
Debt/Equity
0.70
Current Ratio
0.70
Interest Coverage
5.6x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-05-31 | 29.94% |
| 2026-02-28 | 30.12% |
| 2025-11-30 | 30.27% |
| 2025-08-31 | 32.90% |
| 2025-05-31 | 33.77% |
| 2025-02-28 | 33.39% |
| 2024-11-30 | 34.49% |
| 2024-08-31 | 34.74% |
| 2024-05-31 | 34.38% |
| 2024-02-29 | 34.58% |
| 2023-11-30 | 35.70% |
| 2023-08-31 | 36.77% |
| 2023-05-31 | 37.68% |
| 2023-02-28 | 39.42% |
| 2022-11-30 | 40.58% |
| 2022-08-31 | 41.43% |
| 2022-05-31 | 41.35% |
| 2022-02-28 | 41.51% |
| 2021-11-30 | 41.75% |
| 2021-08-31 | 42.85% |
| 2021-05-31 | 42.63% |
| 2021-02-28 | 44.14% |
| 2020-11-30 | 41.42% |
| 2020-08-31 | 38.39% |
| 2020-05-31 | 41.77% |
| 2020-02-29 | 42.34% |
| 2019-11-30 | 41.73% |
| 2019-08-31 | 44.82% |
| 2019-05-31 | 45.63% |
| 2019-02-28 | 46.18% |
| 2018-11-30 | 45.79% |
| 2018-08-31 | 48.50% |
| 2018-05-31 | 49.65% |
| 2018-02-28 | 49.55% |
| 2017-11-30 | 48.40% |
| 2017-08-31 | 51.79% |
| 2017-05-31 | 35.12% |
| 2017-02-28 | 35.64% |
| 2016-11-30 | 31.22% |
| 2016-08-31 | 34.30% |
| 2016-05-31 | 33.78% |
| 2016-02-29 | 32.87% |
| 2015-11-30 | 31.18% |
| 2015-08-31 | 33.22% |
| 2015-05-31 | 32.67% |
| 2015-02-28 | 31.52% |
| 2014-11-30 | 29.11% |
| 2014-08-31 | 30.58% |
| 2014-05-31 | 30.05% |
| 2014-02-28 | 29.32% |
| 2013-11-30 | 27.71% |
| 2013-08-31 | 31.67% |
| 2013-05-31 | 31.51% |
| 2013-02-28 | 30.10% |
| 2012-11-30 | 28.13% |
| 2012-08-31 | 31.00% |
| 2012-05-31 | 32.08% |
| 2012-02-29 | 32.15% |
| 2011-11-30 | 30.63% |
| 2011-08-31 | 27.78% |
| 2011-05-31 | 27.57% |
| 2011-02-28 | 27.90% |
| 2010-11-30 | 25.74% |
| 2010-08-31 | 29.93% |
| 2010-05-31 | 31.45% |
| 2010-02-28 | 31.33% |
| 2009-11-30 | 29.25% |
| 2009-08-31 | 35.07% |
| 2009-05-31 | 37.28% |
| 2009-02-28 | 40.50% |
| 2008-11-30 | 38.48% |
| 2008-08-31 | 39.40% |
| 2008-05-31 | 26.31% |
| 2008-02-29 | 27.87% |
| 2007-11-30 | 25.94% |
| 2007-08-31 | 32.68% |
| 2007-05-31 | 29.52% |
| 2007-02-28 | 29.49% |
| 2006-11-30 | 25.35% |
| 2006-08-31 | 29.22% |
| 2006-05-31 | 25.99% |
| 2006-02-28 | 27.34% |
| 2005-11-30 | 25.08% |
| 2005-08-31 | 30.64% |
| 2005-05-31 | 31.68% |
| 2005-02-28 | 29.12% |
| 2004-11-30 | 26.93% |
| 2004-08-31 | 30.77% |
| 2004-05-31 | 29.93% |
| 2004-02-29 | 8.30% |
| 2003-11-30 | 28.88% |
| 2003-08-31 | 32.40% |
| 2003-05-31 | 29.71% |
| 2003-02-28 | 33.37% |
| 2002-11-30 | 30.46% |
| 2002-08-31 | 37.50% |
