• McCormick average debt/equity ratio for 2024 was 0.64, a 12.33% decline from 2023.
• McCormick average debt/equity ratio for 2023 was 0.73, a 13.1% decline from 2022.
• McCormick average debt/equity ratio for 2022 was 0.84, a 16.83% decline from 2021.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.