3M Balance Sheet Health
Financial Health criteria checks 3/6
3M has a total shareholder equity of $4.0B and total debt of $13.2B, which brings its debt-to-equity ratio to 330.5%. Its total assets and total liabilities are $43.4B and $39.4B respectively. 3M's EBIT is $5.5B making its interest coverage ratio 6. It has cash and short-term investments of $10.3B.
Key information
330.5%
Debt to equity ratio
US$13.18b
Debt
| Interest coverage ratio | 6x |
| Cash | US$10.34b |
| Equity | US$3.99b |
| Total liabilities | US$39.39b |
| Total assets | US$43.38b |
Recent financial health updates
No updates
Recent updates
3M: A Bright Future, But Shares Hit Fair Value Amid Strong Momentum (Rating Downgrade)
Aug 30Optimistic Investors Push 3M Company (NYSE:MMM) Shares Up 26% But Growth Is Lacking
Aug 24
Statutory Profit Doesn't Reflect How Good 3M's (NYSE:MMM) Earnings Are
Aug 023M's New CEO Spills The Beans
Aug 013M: Near-Term Growth Looks Limited, But A Fresh Start Is Welcome (Upgrade)
Jul 183M: A Dividend Cutter With A Strong Buy Rating
Jul 023M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price
Jul 013M Company: Solventum Spinoff Creates More Upside Potential
Jun 173M: Huge Risks And No Growth, Why Bother?
Jun 033M Stock: Dividend Likely Cut In Half
May 01CashFlow Hunter On Pair Trading, 3M And Iris Energy
Mar 28An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued
Mar 233M 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 30Financial Position Analysis
Short Term Liabilities: MMM's short term assets ($19.5B) exceed its short term liabilities ($14.3B).
Long Term Liabilities: MMM's short term assets ($19.5B) do not cover its long term liabilities ($25.0B).
Debt to Equity History and Analysis
Debt Level: MMM's net debt to equity ratio (71.2%) is considered high.
Reducing Debt: MMM's debt to equity ratio has increased from 156.4% to 330.5% over the past 5 years.
Debt Coverage: MMM's debt is well covered by operating cash flow (43.1%).
Interest Coverage: MMM's interest payments on its debt are well covered by EBIT (6x coverage).