3M Co (MMM) Debt-to-Equity

: 3.51 (As of Dec. 2023)

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3M Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,172 Mil. 3M Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13,682 Mil. 3M Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,807 Mil. 3M Co's debt to equity for the quarter that ended in Dec. 2023 was 3.51.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for 3M Co's Debt-to-Equity or its related term are showing as below:

MMM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1.21 Max: 3.51
Current: 3.51

During the past 13 years, the highest Debt-to-Equity Ratio of 3M Co was 3.51. The lowest was 0.52. And the median was 1.21.

MMM's Debt-to-Equity is ranked worse than
94.53% of 475 companies
in the Conglomerates industry
Industry Median: 0.56 vs MMM: 3.51

3M Co Debt-to-Equity Historical Data

The historical data trend for 3M Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

3M Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.11

1.54

1.22

1.15

3.51

3M Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.15	1.10	2.16	3.60	3.51

Competitive Comparison

For the Conglomerates subindustry, 3M Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

3M Co Debt-to-Equity Distribution

For the Conglomerates industry and Industrials sector, 3M Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 3M Co's Debt-to-Equity falls into.

3M Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

3M Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3172	+	13682)	/	4807
	=	3.51

3M Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3172	+	13682)	/	4807
	=	3.51

3M Co (NYSE:MMM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

3M Co Debt-to-Equity Related Terms

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3M Co (MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M Co (NYSE:MMM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MMM:Mexico 1MMM:Italy MMMd:UK MMM:Germany MMM:Germany MMM:Germany MMM:Germany MMM:Chile MMM:Switzerland MMMC34:Brazil MMM:Austria MMM:Argentina

Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.

Executives

Thomas W Sweet	director	ONE DELL WAY, ROUND ROCK TX 78682
Bryan C Hanson	officer: Group Pres & CEO Health Care	ZIMMER BIOMET HOLDINGS, 345 E. MAIN STREET, WARSAW IN 46580
Audrey Choi	director	3M COMPANY, 3M CENTER, BUILDING 220-9E-02, ST. PAUL MN 55144-1000
Eric D. Hammes	officer: VP, Corp Controller & CAO	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000
Goralski Christian T Jr	officer: Group President	3M COMPANY, 3M CENTER, BUILDING 220-9E-02, ST. PAUL MN 55144-1000
Pedro Pizarro	director	2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Anne H Chow	director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Kevin H Rhodes	officer: EVP & Chief Legal Officer	3M COMPANY, 3M CENTER, BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Chavez Rodriguez Beatriz Karina	officer: Senior Vice President	3M COMPANY, 3M CENTER BLDG 220-09-E-02, ST. PAUL MN 55144-1000
John Patrick Banovetz	officer: Sr Vice President	3M CENTER, MAPLEWOOD MN 55144
Zoe L Dickson	officer: Executive Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Michael G. Vale	officer: Executive Vice President	3M CENTER OFFICE OF GENERAL COUNSEL, ST PAUL MN 551441000
Theresa E Reinseth	officer: Vice President/CAO	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Mojdeh Poul	officer: Executive Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Michael F Roman	officer: Senior Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000