3M Balance Sheet Health
Financial Health criteria checks 3/6
3M has a total shareholder equity of $4.0B and total debt of $13.2B, which brings its debt-to-equity ratio to 330.5%. Its total assets and total liabilities are $43.4B and $39.4B respectively. 3M's EBIT is $5.5B making its interest coverage ratio 6. It has cash and short-term investments of $10.3B.
Key information
330.5%
Debt to equity ratio
US$13.18b
Debt
| Interest coverage ratio | 6x |
| Cash | US$10.34b |
| Equity | US$3.99b |
| Total liabilities | US$39.39b |
| Total assets | US$43.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMMM's short term assets ($19.5B) exceed its short term liabilities ($14.3B).
Long Term Liabilities: MMMM's short term assets ($19.5B) do not cover its long term liabilities ($25.0B).
Debt to Equity History and Analysis
Debt Level: MMMM's net debt to equity ratio (71.2%) is considered high.
Reducing Debt: MMMM's debt to equity ratio has increased from 156.4% to 330.5% over the past 5 years.
Debt Coverage: MMMM's debt is well covered by operating cash flow (43.1%).
Interest Coverage: MMMM's interest payments on its debt are well covered by EBIT (6x coverage).