3M India Balance Sheet Health
Financial Health criteria checks 6/6
3M India has a total shareholder equity of ₹21.5B and total debt of ₹181.8M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are ₹32.5B and ₹11.0B respectively. 3M India's EBIT is ₹7.5B making its interest coverage ratio -12. It has cash and short-term investments of ₹13.6B.
Key information
0.8%
Debt to equity ratio
₹181.78m
Debt
| Interest coverage ratio | -12x |
| Cash | ₹13.55b |
| Equity | ₹21.47b |
| Total liabilities | ₹11.01b |
| Total assets | ₹32.48b |
Recent financial health updates
3M India (NSE:3MINDIA) Could Easily Take On More Debt
Aug 23
These 4 Measures Indicate That 3M India (NSE:3MINDIA) Is Using Debt Safely
Sep 063M 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
3M India (NSE:3MINDIA) Could Easily Take On More Debt
Aug 23Why We Think The CEO Of 3M India Limited (NSE:3MINDIA) May Soon See A Pay Rise
Aug 013M India Limited's (NSE:3MINDIA) 25% Price Boost Is Out Of Tune With Earnings
Jun 13Analyst Estimates: Here's What Brokers Think Of 3M India Limited (NSE:3MINDIA) After Its Full-Year Report
May 31With 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 (₹26.7B) exceed its short term liabilities (₹10.6B).
Long Term Liabilities: 3MINDIA's short term assets (₹26.7B) exceed its long term liabilities (₹418.4M).
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 reduced from 1% to 0.8% over the past 5 years.
Debt Coverage: 3MINDIA's debt is well covered by operating cash flow (3537.5%).
Interest Coverage: 3MINDIA earns more interest than it pays, so coverage of interest payments is not a concern.