3M Balance Sheet Health
Financial Health criteria checks 3/6
3M has a total shareholder equity of $4.9B and total debt of $16.1B, which brings its debt-to-equity ratio to 331.2%. Its total assets and total liabilities are $50.6B and $45.7B respectively. 3M's EBIT is $5.9B making its interest coverage ratio 8.5. It has cash and short-term investments of $6.0B.
Key information
331.2%
Debt to equity ratio
US$16.12b
Debt
Interest coverage ratio | 8.5x |
Cash | US$5.99b |
Equity | US$4.87b |
Total liabilities | US$45.71b |
Total assets | US$50.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMM's short term assets ($16.4B) exceed its short term liabilities ($15.3B).
Long Term Liabilities: MMM's short term assets ($16.4B) do not cover its long term liabilities ($30.4B).
Debt to Equity History and Analysis
Debt Level: MMM's net debt to equity ratio (208.2%) is considered high.
Reducing Debt: MMM's debt to equity ratio has increased from 148.8% to 331.2% over the past 5 years.
Debt Coverage: MMM's debt is well covered by operating cash flow (41.4%).
Interest Coverage: MMM's interest payments on its debt are well covered by EBIT (8.5x coverage).