3M India Balance Sheet Health
Financial Health criteria checks 5/6
3M India has a total shareholder equity of ₹18.4B and total debt of ₹238.1M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are ₹29.0B and ₹10.6B respectively. 3M India's EBIT is ₹7.1B making its interest coverage ratio -19.3. It has cash and short-term investments of ₹10.0B.
Key information
1.3%
Debt to equity ratio
₹238.07m
Debt
Interest coverage ratio | -19.3x |
Cash | ₹10.05b |
Equity | ₹18.40b |
Total liabilities | ₹10.58b |
Total assets | ₹28.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523395's short term assets (₹23.3B) exceed its short term liabilities (₹10.0B).
Long Term Liabilities: 523395's short term assets (₹23.3B) exceed its long term liabilities (₹612.4M).
Debt to Equity History and Analysis
Debt Level: 523395 has more cash than its total debt.
Reducing Debt: 523395's debt to equity ratio has increased from 0.4% to 1.3% over the past 5 years.
Debt Coverage: 523395's debt is well covered by operating cash flow (2811.9%).
Interest Coverage: 523395 earns more interest than it pays, so coverage of interest payments is not a concern.