McCormick & Company Incorporated (MKC)

Current ratio

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020
Total current assets	US$ in thousands	2,139,000	2,244,300	2,069,400	2,020,200	2,001,600	2,127,500	2,104,000	2,411,300	2,386,700	2,412,800	2,324,700	2,239,000	2,195,800	2,160,900	2,052,600	1,954,700	2,083,600	1,759,600	1,615,700	1,524,400
Total current liabilities	US$ in thousands	2,882,800	3,144,300	2,984,300	2,973,800	3,098,900	3,171,000	2,487,100	3,321,000	3,432,400	3,140,400	3,133,000	3,076,700	3,223,800	3,161,300	2,381,200	2,423,700	3,046,500	1,953,500	1,582,300	2,072,400
Current ratio		0.74	0.71	0.69	0.68	0.65	0.67	0.85	0.73	0.70	0.77	0.74	0.73	0.68	0.68	0.86	0.81	0.68	0.90	1.02	0.74

November 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,139,000K ÷ $2,882,800K
= 0.74

The current ratio of McCormick & Company Incorporated has fluctuated over the past few years, ranging from a low of 0.68 to a high of 1.02. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets.

In the most recent period ending on November 30, 2024, the current ratio was 0.74, which suggests that the company may have had some challenges in meeting its short-term obligations. It is important for investors and stakeholders to monitor changes in the current ratio over time to assess McCormick & Company's liquidity position and financial health. A consistent improvement or deterioration in the current ratio could indicate underlying shifts in the company's financial position that may warrant further investigation.