3M Balance Sheet Health
Financial Health criteria checks 3/6
3M has a total shareholder equity of $4.9B and total debt of $21.5B, which brings its debt-to-equity ratio to 436.1%. Its total assets and total liabilities are $55.2B and $50.3B respectively. 3M's EBIT is $6.2B making its interest coverage ratio 7. It has cash and short-term investments of $11.0B.
Key information
436.1%
Debt to equity ratio
US$21.51b
Debt
Interest coverage ratio | 7x |
Cash | US$10.97b |
Equity | US$4.93b |
Total liabilities | US$50.31b |
Total assets | US$55.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0QNY's short term assets ($21.6B) exceed its short term liabilities ($13.2B).
Long Term Liabilities: 0QNY's short term assets ($21.6B) do not cover its long term liabilities ($37.2B).
Debt to Equity History and Analysis
Debt Level: 0QNY's net debt to equity ratio (213.7%) is considered high.
Reducing Debt: 0QNY's debt to equity ratio has increased from 168.1% to 436.1% over the past 5 years.
Debt Coverage: 0QNY's debt is well covered by operating cash flow (28.7%).
Interest Coverage: 0QNY's interest payments on its debt are well covered by EBIT (7x coverage).