3M Company (MMM)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 11,125,000 | 11,319,000 | 11,781,000 | 20,593,000 | 13,088,000 | 12,876,000 | 12,954,000 | 12,948,000 | 14,001,000 | 13,849,000 | 14,019,000 | 14,801,000 | 16,056,000 | 16,193,000 | 16,267,000 | 16,819,000 | 17,989,000 | 18,429,000 | 19,276,000 | 19,247,000 |
| Total stockholders’ equity | US$ in thousands | 3,842,000 | 4,642,000 | 3,916,000 | 4,866,000 | 4,807,000 | 4,672,000 | 7,798,000 | 15,298,000 | 14,722,000 | 14,080,000 | 13,742,000 | 14,930,000 | 15,046,000 | 14,460,000 | 14,448,000 | 13,760,000 | 12,867,000 | 11,880,000 | 10,857,000 | 10,147,000 |
| Debt-to-equity ratio | 2.90 | 2.44 | 3.01 | 4.23 | 2.72 | 2.76 | 1.66 | 0.85 | 0.95 | 0.98 | 1.02 | 0.99 | 1.07 | 1.12 | 1.13 | 1.22 | 1.40 | 1.55 | 1.78 | 1.90 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $11,125,000K ÷ $3,842,000K
= 2.90
The debt-to-equity ratio of 3M Company has exhibited fluctuations over the past few years based on the provided data. Starting at 1.90 as of March 31, 2020, the ratio gradually decreased to 0.99 by March 31, 2022. This decline suggests a reduction in the level of debt relative to equity during this period.
However, from June 30, 2022, the debt-to-equity ratio started to increase again, reaching 4.23 by March 31, 2024. This significant spike indicates a considerable rise in debt in comparison to equity, which may pose potential risks related to financial leverage and solvency.
Following the peak in the first quarter of 2024, the ratio began to decrease, standing at 2.90 as of December 31, 2024. Despite this decrease, the ratio still remains elevated compared to the levels observed in the previous years.
Overall, the fluctuating trend of the debt-to-equity ratio for 3M Company indicates varying levels of financial leverage and capital structure over time, highlighting the importance of monitoring and managing debt levels to ensure financial stability and sustainable growth.
Peer comparison
Dec 31, 2024