3M Balance Sheet Health
Financial Health criteria checks 2/6
3M has a total shareholder equity of $4.7B and total debt of $13.3B, which brings its debt-to-equity ratio to 282.4%. Its total assets and total liabilities are $40.9B and $36.2B respectively. 3M's EBIT is $6.5B making its interest coverage ratio 7.6. It has cash and short-term investments of $7.3B.
Key information
282.4%
Debt to equity ratio
US$13.26b
Debt
| Interest coverage ratio | 7.6x |
| Cash | US$7.30b |
| Equity | US$4.69b |
| Total liabilities | US$36.18b |
| Total assets | US$40.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMMC34's short term assets ($16.3B) exceed its short term liabilities ($11.4B).
Long Term Liabilities: MMMC34's short term assets ($16.3B) do not cover its long term liabilities ($24.8B).
Debt to Equity History and Analysis
Debt Level: MMMC34's net debt to equity ratio (127%) is considered high.
Reducing Debt: MMMC34's debt to equity ratio has increased from 180.6% to 282.4% over the past 5 years.
Debt Coverage: MMMC34's debt is not well covered by operating cash flow (15%).
Interest Coverage: MMMC34's interest payments on its debt are well covered by EBIT (7.6x coverage).