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
Recent updates
CashFlow Hunter On Pair Trading, 3M And Iris Energy
Mar 28An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued
Mar 23
3M Stock: Outlook For This Dividend Stock After Post-Earnings Dip
Feb 273M: A Dividend Cut Is Needed To Boost Price Recovery
Feb 023M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price
Jan 293M: Weak Outlook Sends Shares Lower
Jan 233M: Not The Time To Buy Just Yet
Jan 01These Return Metrics Don't Make 3M (NYSE:MMM) Look Too Strong
Dec 27Calculating The Fair Value Of 3M Company (NYSE:MMM)
Dec 123M: Stock Stabilizing, Remains Undervalued With Strong Free Cash Flow
Nov 303M: Back To 15Y Lows - Buy The Uncertainty
Oct 29Is 3M Company Stock A Buy Amid Legal Headaches
Oct 233M At 5-Year Lows Due To Pullback From Lawsuits
Oct 163M: A 7%-Yielding, 30% Undervalued Dumpster Fire
Sep 29Why CashFlow Hunter Is Short 3M And Long Iris Energy
Sep 123M: Record Low Price/FCF, Litigation Pessimism Priced In, Technical Risks
Aug 273M (NYSE:MMM) Seems To Use Debt Quite Sensibly
Aug 243M Company: Soaring On Earnings
Jul 263M Company: I Replaced A Loser With These 3 Leaders
Jul 11Is 3M Company (NYSE:MMM) Trading At A 33% Discount?
Jul 063M: The 6% Yield Might Be Doomed, So Buy These Blue-Chips Instead
Jun 273M Bull/Bear Thesis With CashFlow Hunter And Brett Ashcroft Green
Jun 212 Reasons To Sell 3M Stock Despite The 'Good' News
Jun 12What Does 3M Company's (NYSE:MMM) Share Price Indicate?
Jun 093M: Positive Lawsuit Developments For This Cheap Dividend King
Jun 033M: A 6% Yield With Strong Free Cash Flow, Shares At Long-Term Support
May 263M (NYSE:MMM) Will Be Hoping To Turn Its Returns On Capital Around
May 26Financial 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).