3M Co (WBO:MMM) Interest Expense : €-1,143 Mil (TTM As of Dec. 2024)

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What is 3M Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 3M Co's interest expense for the three months ended in Dec. 2024 was € -241 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-1,143 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. 3M Co's Operating Income for the three months ended in Dec. 2024 was € 1,036 Mil. 3M Co's Interest Expense for the three months ended in Dec. 2024 was € -241 Mil. 3M Co's Interest Coverage for the quarter that ended in Dec. 2024 was 4.31. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

3M Co Interest Expense Historical Data

The historical data trend for 3M Co's Interest Expense 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.

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3M Co Interest Expense Chart

3M Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-434.84

-431.88

-436.13

-862.90

-1,137.41

3M Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-339.29	-354.20	-299.14	-248.68	-240.66

3M Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1,143 Mil.

3M Co (WBO:MMM) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

3M Co's Interest Expense for the three months ended in Dec. 2024 was €-241 Mil. Its Operating Income for the three months ended in Dec. 2024 was €1,036 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €11,056 Mil.

3M Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1036.175	/	-240.66
	=	4.31

The higher the ratio, the stronger the company's financial strength is.

3M Co Business Description

Industry

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Traded in Other Exchanges

MMM:USA MMM:Mexico 1MMM:Italy MMMd:UK 0QNY:UK MMM:Germany MMM:Switzerland MMMM:Canada MMMC34:Brazil MMM:Argentina

Address

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

Website

https://www.3m.com

3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.