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
These 4 Measures Indicate That 3M India (NSE:3MINDIA) Is Using Debt Safely
Sep 06
3M India (NSE:3MINDIA) Has A Rock Solid Balance Sheet
Mar 06Does 3M India (NSE:3MINDIA) Have A Healthy Balance Sheet?
Aug 143M India (NSE:3MINDIA) Could Easily Take On More Debt
Mar 30Recent updates
With EPS Growth And More, 3M India (NSE:3MINDIA) Makes An Interesting Case
May 013M India Limited's (NSE:3MINDIA) Shareholders Might Be Looking For Exit
Apr 11Investors Should Be Encouraged By 3M India's (NSE:3MINDIA) Returns On Capital
Feb 18With EPS Growth And More, 3M India (NSE:3MINDIA) Makes An Interesting Case
Jan 083M India Limited's (NSE:3MINDIA) Shares May Have Run Too Fast Too Soon
Dec 21Capital Investment Trends At 3M India (NSE:3MINDIA) Look Strong
Nov 05These 4 Measures Indicate That 3M India (NSE:3MINDIA) Is Using Debt Safely
Sep 063M India (NSE:3MINDIA) Might Be Having Difficulty Using Its Capital Effectively
Jul 15We Ran A Stock Scan For Earnings Growth And 3M India (NSE:3MINDIA) Passed With Ease
Jun 27The Returns On Capital At 3M India (NSE:3MINDIA) Don't Inspire Confidence
Apr 08Does 3M India (NSE:3MINDIA) Deserve A Spot On Your Watchlist?
Mar 213M India (NSE:3MINDIA) Has A Rock Solid Balance Sheet
Mar 063M India (NSE:3MINDIA) Is Reinvesting At Lower Rates Of Return
Dec 22Here's Why We Think 3M India (NSE:3MINDIA) Is Well Worth Watching
Dec 01Does 3M India (NSE:3MINDIA) Have A Healthy Balance Sheet?
Aug 14Capital Allocation Trends At 3M India (NSE:3MINDIA) Aren't Ideal
Jul 243M India Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Jun 013M India (NSE:3MINDIA) Could Easily Take On More Debt
Mar 303M India (NSE:3MINDIA) Will Want To Turn Around Its Return Trends
Mar 04Some Investors May Be Worried About 3M India's (NSE:3MINDIA) Returns On Capital
Nov 29Returns On Capital At 3M India (NSE:3MINDIA) Paint A Concerning Picture
Aug 193M India (NSE:3MINDIA) Will Will Want To Turn Around Its Return Trends
May 11Should You Be Impressed By 3M India's (NSE:3MINDIA) Returns on Capital?
Nov 033M India Limited's (NSE:3MINDIA) Stock Is Going Strong: Is the Market Following Fundamentals?
Aug 24
Do Institutions Own 3M India Limited (NSE:3MINDIA) Shares?
Jul 27Many Would Be Jealous Of 3M India's (NSE:3MINDIA) Returns On Capital
Jul 06Financial Position Analysis
Short Term Liabilities: 3MINDIA's short term assets (₹23.3B) exceed its short term liabilities (₹10.0B).
Long Term Liabilities: 3MINDIA's short term assets (₹23.3B) exceed its long term liabilities (₹612.4M).
Debt to Equity History and Analysis
Debt Level: 3MINDIA has more cash than its total debt.
Reducing Debt: 3MINDIA's debt to equity ratio has increased from 0.4% to 1.3% over the past 5 years.
Debt Coverage: 3MINDIA's debt is well covered by operating cash flow (2811.9%).
Interest Coverage: 3MINDIA earns more interest than it pays, so coverage of interest payments is not a concern.