The company's financial position appears increasingly fragile, with the debt-to-equity ratio reaching 3.79 as of 2026Q1 and total equity eroding to $3.3 billion from $4.9 billion in 2024Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Current Assets | 14.39B | 16.39B | 15.88B | 16.38B | 14.69B | 15.4B | 14.98B | 12.97B | 13.71B | 14.28B | 11.73B | 10.99B | 11.77B | 12.73B | 13.63B | 12.24B | 12.21B | 10.79B | 9.6B | 9.84B | 8.95B | 7.12B | 8.72B | 7.72B | 6.06B | 6.3B | 6.38B | 6.07B | 6.32B | 6.17B | 6.49B |
| Cash & Short-Term Investments | 4.15B | 5.93B | 7.73B | 5.79B | 3.89B | 4.76B | 5.04B | 2.45B | 3.23B | 4.13B | 2.68B | 1.92B | 2.52B | 3.34B | 4.53B | 3.68B | 4.48B | 3.78B | 2.22B | 2.48B | 1.92B | 1.07B | 2.76B | 1.84B | 618M | 616M | 302M | 441M | 448M | 477M | 744M |
| Cash Only | 3.73B | 5.24B | 5.6B | 5.74B | 3.65B | 4.56B | 4.63B | 2.35B | 2.85B | 3.05B | 2.4B | 1.8B | 1.9B | 2.58B | 2.88B | 2.22B | 3.38B | 3.04B | 1.85B | 1.9B | 1.45B | 1.07B | 2.76B | 1.84B | 618M | 616M | 302M | 387M | 211M | 230M | 583M |
| Short-Term Investments | 420M | 698M | 2.13B | 50M | 238M | 201M | 404M | 98M | 380M | 1.08B | 280M | 118M | 626M | 756M | 1.65B | 1.46B | 1.1B | 744M | 373M | 579M | 471M | 0 | 0 | 0 | 0 | 0 | 0 | 54M | 237M | 247M | 161M |
| Accounts Receivable | 3.75B | 3.53B | 3.27B | 3.71B | 4.63B | 4.77B | 4.83B | 4.96B | 5.12B | 4.98B | 4.5B | 4.26B | 4.32B | 4.35B | 4.19B | 3.98B | 3.71B | 3.36B | 3.33B | 3.58B | 3.36B | 3.12B | 3.33B | 3.16B | 2.84B | 2.79B | 2.89B | 2.78B | 2.67B | 2.43B | 2.5B |
| Days Sales Outstanding | 54.06 | 51.69 | 48.6 | 55.02 | 49.43 | 49.24 | 54.78 | 56.37 | 57.07 | 57.44 | 54.56 | 51.36 | 49.49 | 51.46 | 51.09 | 49.01 | 50.75 | 53.04 | 48.03 | 53.45 | 53.45 | 53.82 | 60.83 | 63.3 | 63.47 | 63.24 | 63.1 | 64.75 | 64.78 | 58.95 | 64.2 |
| Inventory | 3.69B | 3.66B | 3.7B | 3.94B | 5.37B | 4.99B | 4.24B | 4.13B | 4.37B | 4.03B | 3.38B | 3.52B | 3.71B | 3.86B | 3.84B | 3.42B | 3.15B | 2.64B | 3.01B | 2.85B | 2.6B | 2.16B | 1.9B | 1.82B | 1.93B | 2.09B | 2.31B | 2.03B | 2.22B | 2.4B | 2.26B |
| Days Inventory Outstanding | 92.37 | 88.61 | 93.12 | 95.73 | 101.79 | 97.08 | 93.31 | 89.66 | 96.14 | 92.05 | 81.64 | 82.67 | 82.17 | 87.53 | 89.25 | 79.86 | 83.69 | 80.03 | 83.09 | 82.2 | 81.94 | 75.82 | 69.53 | 71.39 | 82.96 | 87.23 | 96.04 | 83.7 | 93.04 | 102.06 | 102.03 |
| Other Current Assets | 2.39B | 2.87B | 750M | 2.6B | 353M | 229M | 200M | 719M | 246M | 195M | 341M | 211M | 182M | 578M | 521M | 492M | 320M | 355M | 486M | 519M | 412M | 236M | 212M | 363M | 231M | 803M | 874M | 871M | 886M | 858M | 974M |
| Total Non-Current Assets | 21.04B | 21.35B | 23.98B | 34.2B | 31.77B | 31.67B | 32.36B | 31.69B | 22.79B | 23.71B | 21.18B | 21.73B | 19.5B | 20.82B | 20.25B | 19.38B | 17.94B | 16.45B | 15.95B | 14.86B | 12.35B | 13.4B | 11.99B | 9.88B | 9.27B | 8.31B | 8.14B | 7.83B | 7.83B | 7.07B | 6.88B |
| Property, Plant & Equipment | 6.96B | 7.1B | 7.95B | 8.35B | 10.01B | 10.29B | 10.29B | 10.19B | 8.74B | 8.87B | 8.52B | 8.52B | 8.49B | 8.65B | 8.38B | 7.67B | 7.28B | 7B | 6.89B | 6.58B | 5.91B | 5.59B | 5.71B | 5.61B | 5.62B | 5.62B | 5.82B | 5.66B | 5.57B | 5.03B | 4.84B |
| Fixed Asset Turnover | 3.36x | 3.51x | 3.09x | 2.95x | 3.42x | 3.44x | 3.13x | 3.15x | 3.75x | 3.57x | 3.54x | 3.56x | 3.75x | 3.57x | 3.57x | 3.86x | 3.66x | 3.30x | 3.67x | 3.72x | 3.88x | 3.78x | 3.50x | 3.25x | 2.91x | 2.86x | 2.87x | 2.77x | 2.70x | 2.99x | 2.94x |
| Goodwill | 6.38B | 6.42B | 6.28B | 6.38B | 12.79B | 13.49B | 13.8B | 13.44B | 10.05B | 10.51B | 9.17B | 9.25B | 7.05B | 7.34B | 7.38B | 7.05B | 6.82B | 5.83B | 5.75B | 4.59B | 4.08B | 3.47B | 2.65B | 2.42B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.08B | 1.1B | 1.21B | 1.32B | 4.7B | 5.29B | 5.83B | 6.38B | 2.66B | 2.94B | 2.32B | 2.6B | 1.44B | 1.69B | 1.93B | 1.92B | 1.82B | 1.34B | 1.4B | 801M | 708M | 486M | 277M | 274M | 2.17B | 1.21B | 852M | 657M | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 2.5B | 210M | 967M | 262M | 214M | 196M | 188M | 150M | 128M | 126M | 117M | 1.57B | 1.32B | 1.05B | 686M | 928M | 463M | 778M | 480M | 272M | 227M | 218M | 238M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6.62B | 6.72B | 1.89B | 13.16B | 2.35B | 1.76B | 1.35B | 957M | 792M | 734M | 611M | 731M | 711M | 1.2B | 655M | 678M | 688M | 728M | 467M | 1.93B | 918M | 3.46B | 2.99B | 1.18B | 1.48B | 1.33B | 1.32B | 1.43B | 2.18B | 1.87B | 1.9B |
| Total Assets | 35.44B | 37.73B | 39.87B | 50.58B | 46.45B | 47.07B | 47.34B | 44.66B | 36.5B | 37.99B | 32.91B | 32.72B | 31.27B | 33.55B | 33.88B | 31.62B | 30.16B | 27.25B | 25.55B | 24.69B | 21.29B | 20.51B | 20.71B | 17.6B | 15.33B | 14.61B | 14.52B | 13.9B | 14.15B | 13.24B | 13.36B |
| Asset Turnover | 0.67x | 0.66x | 0.62x | 0.49x | 0.74x | 0.75x | 0.68x | 0.72x | 0.90x | 0.83x | 0.92x | 0.93x | 1.02x | 0.92x | 0.88x | 0.94x | 0.88x | 0.85x | 0.99x | 0.99x | 1.08x | 1.03x | 0.97x | 1.04x | 1.07x | 1.10x | 1.15x | 1.13x | 1.06x | 1.14x | 1.07x |
| Asset Growth % | -37.06% | -5.36% | -21.18% | 8.88% | -1.31% | -0.57% | 6.01% | 22.35% | -3.91% | 15.44% | 0.57% | 4.63% | -6.8% | -0.96% | 7.15% | 4.84% | 10.66% | 6.67% | 3.45% | 15.97% | 3.81% | -0.94% | 17.66% | 14.82% | 4.95% | 0.58% | 4.5% | -1.82% | 6.91% | -0.94% | -5.77% |
| Total Current Liabilities | 9.03B | 9.6B | 11.26B | 15.3B | 9.52B | 9.04B | 7.95B | 9.22B | 7.24B | 7.69B | 6.22B | 7.12B | 6B | 7.5B | 6.2B | 5.44B | 6.09B | 4.9B | 5.84B | 5.36B | 7.32B | 5.24B | 6.07B | 5.08B | 4.46B | 4.51B | 4.75B | 3.82B | 4.39B | 3.98B | 3.79B |
| Accounts Payable | 2.79B | 2.7B | 2.66B | 2.78B | 3.18B | 2.99B | 2.56B | 2.23B | 2.27B | 1.95B | 1.8B | 1.69B | 1.81B | 1.8B | 1.76B | 1.64B | 1.66B | 1.45B | 1.3B | 1.5B | 1.4B | 1.26B | 1.17B | 1.09B | 945M | 753M | 1.08B | 1.01B | 868M | 898M | 895M |
| Days Payables Outstanding | 66.7 | 65.4 | 66.98 | 67.38 | 60.31 | 58.3 | 56.38 | 48.32 | 49.9 | 44.38 | 43.37 | 39.81 | 40.06 | 40.75 | 40.98 | 38.41 | 44.09 | 44.06 | 35.88 | 43.38 | 44.17 | 44.05 | 42.81 | 42.73 | 40.6 | 31.41 | 44.9 | 41.56 | 36.4 | 38.2 | 40.34 |
| Short-Term Debt | 1.65B | 1.84B | 1.92B | 2.95B | 1.94B | 1.31B | 806M | 2.79B | 1.21B | 1.85B | 972M | 2.04B | 106M | 1.68B | 1.08B | 682M | 1.27B | 613M | 1.55B | 901M | 2.51B | 1.07B | 2.09B | 1.2B | 1.24B | 1.37B | 1.87B | 1.13B | 1.49B | 1.5B | 1.12B |
| Deferred Revenue (Current) | 0 | 0 | 15M | 23M | 538M | 529M | 498M | 430M | 617M | 513M | 551M | 518M | 541M | 521M | 471M | 389M | 369M | 316M | 322M | 323M | 299M | 237M | 226M | 196M | 198M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4.18B | 4.17B | 4.67B | 7.61B | 1.68B | 1.6B | 1.83B | 1.78B | 1.33B | 1.4B | 1.22B | 1.23B | 1.07B | 1.17B | 1.21B | 1.09B | 1.76B | 1.6B | 1.75B | 1.46B | 1.25B | 1.07B | 1.18B | 1.15B | 1.12B | 2.38B | 1.81B | 1.68B | 1.86B | 1.59B | 1.78B |
| Current Ratio | 1.59x | 1.71x | 1.41x | 1.07x | 1.54x | 1.70x | 1.89x | 1.41x | 1.89x | 1.86x | 1.89x | 1.54x | 1.96x | 1.70x | 2.20x | 2.25x | 2.01x | 2.20x | 1.64x | 1.83x | 1.22x | 1.36x | 1.44x | 1.52x | 1.36x | 1.40x | 1.34x | 1.59x | 1.44x | 1.55x | 1.71x |
| Quick Ratio | 1.19x | 1.33x | 1.08x | 0.81x | 0.98x | 1.15x | 1.35x | 0.96x | 1.29x | 1.33x | 1.34x | 1.05x | 1.34x | 1.18x | 1.58x | 1.62x | 1.49x | 1.67x | 1.13x | 1.30x | 0.87x | 0.95x | 1.12x | 1.16x | 0.93x | 0.93x | 0.86x | 1.06x | 0.93x | 0.95x | 1.11x |
| Cash Conversion Cycle | 79.73 | 74.9 | 74.74 | 83.38 | 90.9 | 88.02 | 91.72 | 97.71 | 103.31 | 105.11 | 92.84 | 94.22 | 91.6 | 98.24 | 99.36 | 90.46 | 90.35 | 89 | 95.24 | 92.27 | 91.23 | 85.59 | 87.55 | 91.96 | 105.83 | 119.06 | 114.23 | 106.89 | 121.43 | 122.81 | 125.9 |
| Total Non-Current Liabilities | 23.09B | 23.39B | 24.72B | 30.41B | 22.16B | 22.92B | 26.46B | 25.31B | 19.41B | 18.68B | 16.34B | 13.85B | 12.13B | 8.1B | 9.64B | 10.31B | 8.05B | 9.05B | 9.83B | 7.58B | 4.01B | 5.17B | 4.26B | 4.63B | 4.88B | 3.48B | 2.89B | 3.42B | 3.44B | 2.97B | 2.92B |
| Long-Term Debt | 10.91B | 10.93B | 11.13B | 13.09B | 14B | 16.06B | 17.99B | 17.52B | 13.41B | 12.1B | 10.68B | 8.75B | 6.73B | 4.33B | 4.92B | 4.48B | 4.18B | 5.1B | 5.17B | 4.02B | 1.05B | 1.31B | 727M | 1.74B | 2.14B | 1.52B | 971M | 1.48B | 1.61B | 1.01B | 851M |
| Capital Lease Obligations | 779M | 0 | 452M | 524M | 655M | 684M | 702M | 718M | 75M | 60M | 45M | 46M | 59M | 58M | 71M | 79M | 94M | 107M | 58M | 69M | 65M | 59M | 71M | 70M | 2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 354M | 315M | 559M | 458M | 333M | 301M | 279M | 235M | 145M | 551M | 141M | 538M | 167M | 251M | 198M | 91M | 21M | 355M | 84M | 1.61B | 1.28B | 426M | 0 | 469M | 362M | 332M | 193M | 89M | 97M |
| Other Non-Current Liabilities | 12.19B | 12.46B | 12.79B | 16.49B | 6.95B | 5.72B | 7.44B | 6.77B | 5.64B | 6.25B | 5.46B | 4.93B | 5.18B | 3.16B | 4.45B | 5.48B | 3.56B | 3.73B | 4.38B | 3.11B | 2.77B | 2.15B | 2.12B | 2.33B | 2.28B | 1.5B | 1.56B | 1.6B | 1.8B | 1.86B | 1.97B |
| Total Liabilities | 32.13B | 32.99B | 35.97B | 45.71B | 31.68B | 31.95B | 34.41B | 34.53B | 26.65B | 26.36B | 22.56B | 20.97B | 18.13B | 15.6B | 15.84B | 15.75B | 14.14B | 13.95B | 15.67B | 12.95B | 11.34B | 10.41B | 10.33B | 9.71B | 9.34B | 7.99B | 7.64B | 7.24B | 7.83B | 6.95B | 6.71B |
| Total Debt | 12.56B | 12.94B | 13.66B | 16.75B | 16.86B | 18.31B | 19.75B | 21.28B | 14.7B | 14.01B | 11.7B | 10.84B | 6.87B | 6.07B | 6.07B | 5.25B | 5.55B | 5.82B | 6.78B | 4.99B | 3.62B | 2.44B | 2.89B | 3.01B | 3.38B | 2.89B | 2.84B | 2.61B | 3.11B | 2.51B | 1.97B |
| Net Debt | 8.83B | 7.7B | 8.06B | 11.02B | 13.2B | 13.75B | 15.12B | 18.93B | 11.84B | 10.96B | 9.3B | 9.04B | 4.97B | 3.49B | 3.19B | 3.03B | 2.17B | 2.78B | 4.93B | 3.09B | 2.17B | 1.37B | 135M | 1.17B | 2.76B | 2.28B | 2.54B | 2.22B | 2.9B | 2.28B | 1.39B |
| Debt / Equity | 3.79x | 2.73x | 3.51x | 3.44x | 1.14x | 1.21x | 1.53x | 2.10x | 1.49x | 1.21x | 1.13x | 0.95x | 0.52x | 0.34x | 0.34x | 0.33x | 0.35x | 0.44x | 0.66x | 0.42x | 0.36x | 0.23x | 0.28x | 0.38x | 0.56x | 0.44x | 0.41x | 0.39x | 0.49x | 0.40x | 0.30x |
| Debt / EBITDA | 2.01x | 2.38x | 2.22x | 3.06x | 2.85x | 1.94x | 2.23x | 2.48x | 1.59x | 1.60x | 1.38x | 1.31x | 0.81x | 0.76x | 0.78x | 0.70x | 0.78x | 0.95x | 1.02x | 0.77x | 0.58x | 0.42x | 0.52x | 0.64x | 0.84x | 0.86x | 0.69x | 0.68x | 1.07x | 0.71x | 0.58x |
| Net Debt / EBITDA | 1.41x | 1.42x | 1.31x | 2.01x | 2.24x | 1.46x | 1.70x | 2.21x | 1.28x | 1.25x | 1.09x | 1.09x | 0.58x | 0.43x | 0.41x | 0.40x | 0.31x | 0.45x | 0.74x | 0.48x | 0.35x | 0.23x | 0.02x | 0.25x | 0.69x | 0.68x | 0.62x | 0.58x | 1.00x | 0.64x | 0.41x |
| Interest Coverage | 4.91x | 6.91x | 5.08x | -11.09x | 13.84x | 16.76x | 13.29x | 14.25x | 30.17x | 90.86x | 35.07x | 30.79x | 70.56x | - | 29.74x | 40.16x | 27.77x | 30.50x | 24.76x | 30.12x | 47.11x | 59.88x | 67.01x | 44.54x | 38.56x | 18.63x | - | - | - | - | - |
| Total Equity | 3.31B | 4.75B | 3.89B | 4.87B | 14.77B | 15.12B | 12.93B | 10.13B | 9.85B | 11.62B | 10.34B | 11.47B | 13.14B | 17.95B | 18.04B | 15.86B | 16.02B | 13.3B | 10.3B | 11.75B | 9.96B | 10.39B | 10.38B | 7.88B | 5.99B | 6.61B | 6.88B | 6.66B | 6.33B | 6.29B | 6.66B |
| Equity Growth % | 3.81% | 21.91% | -20.01% | -67.04% | -2.3% | 16.91% | 27.7% | 2.82% | -15.26% | 12.37% | -9.81% | -12.74% | -26.78% | -0.51% | 13.73% | -0.97% | 20.41% | 29.1% | -12.28% | 17.95% | -4.19% | 0.16% | 31.62% | 31.57% | -9.38% | -3.84% | 3.26% | 5.28% | 0.62% | -5.56% | -9.64% |
| Book Value per Share | 6.21 | 8.81 | 7.05 | 8.79 | 26.02 | 25.83 | 22.21 | 17.31 | 16.36 | 18.97 | 16.72 | 18.00 | 19.85 | 25.88 | 25.65 | 22.06 | 22.08 | 18.82 | 14.57 | 16.05 | 13.09 | 13.38 | 13.03 | 9.91 | 7.58 | 8.27 | 8.60 | 8.19 | 7.75 | 7.50 | 7.81 |
| Total Shareholders' Equity | 3.26B | 4.7B | 3.84B | 4.81B | 14.72B | 15.05B | 12.87B | 10.06B | 9.8B | 11.56B | 10.3B | 11.43B | 13.11B | 17.5B | 17.57B | 15.42B | 15.66B | 12.76B | 9.88B | 11.75B | 9.96B | 10.39B | 10.38B | 7.88B | 5.99B | 6.09B | 6.53B | 6.29B | 5.94B | 5.93B | 6.28B |
| Common Stock | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 5M | 5M | 5M | 236M | 236M | 236M | 296M |
| Retained Earnings | 38.16B | 38.26B | 36.8B | 37.48B | 47.95B | 45.82B | 43.76B | 42.13B | 40.64B | 39.12B | 37.91B | 36.58B | 34.32B | 32.42B | 30.68B | 28.35B | 26B | 23.75B | 22.25B | 20.32B | 17.93B | 17.36B | 15.65B | 14.01B | 12.75B | 11.91B | 11.52B | 10.74B | 9.98B | 9.85B | 8.76B |
| Treasury Stock | -37.31B | -35.94B | -34.46B | -32.86B | -33.26B | -30.46B | -29.4B | -29.85B | -29.63B | -25.89B | -25.43B | -23.31B | -19.31B | -15.38B | -12.41B | -11.68B | -10.27B | -10.4B | -11.68B | -10.52B | -8.46B | -6.96B | -5.5B | -4.64B | -4.77B | -4.63B | -4.07B | -3.83B | -3.48B | -3.3B | -2.19B |
| Accumulated OCI | -5.1B | -5.07B | -5.73B | -6.78B | -6.67B | -6.75B | -7.66B | -8.14B | -6.87B | -7.03B | -7.25B | -6.36B | -6.29B | -3.91B | -4.75B | -5.03B | -3.54B | -3.75B | -3.65B | -747M | -1.87B | -411M | 132M | -1.55B | -2.28B | -1.49B | -1.22B | -915M | -858M | -918M | -575M |
| Minority Interest | 48M | 45M | 52M | 61M | 48M | 71M | 64M | 63M | 52M | 59M | 45M | 39M | 33M | 446M | 465M | 442M | 354M | 538M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 527M | 346M | 371M | 390M | 361M | 373M |
Legal and environmental liabilities
As reported in financial statements, 3M's total assets have declined from $55.2 billion in 2024Q1 to $35.4 billion in 2026Q1, reflecting a significant reduction in the firm's overall resource base following the Solventum spin-off and ongoing efforts to manage substantial legal and environmental liabilities.
The sharp reduction in the asset base suggests a fundamental restructuring of the company's footprint, which may be necessary to isolate legacy risks but complicates long-term growth comparisons. Investors should monitor whether this smaller asset base can maintain the necessary scale to support the firm's R&D-intensive business model.
Based on the provided quarterly data, 3M's debt-to-equity ratio remains elevated at 3.79 as of 2026Q1, indicating that the company's capital structure is heavily reliant on debt financing despite the recent divestiture of the Health Care business and its associated operational cash flows.
The persistence of high leverage, even after significant corporate restructuring, suggests that the company's balance sheet remains sensitive to interest rate fluctuations and credit market conditions. This leverage profile may limit management's flexibility to address future legal contingencies without further straining the equity base.
According to recent SEC filings, 3M's cash position has fluctuated significantly, dropping from a peak of $10.9 billion in 2024Q1 to $3.7 billion in 2026Q1, which may indicate a narrowing margin of safety for meeting short-term obligations and funding ongoing legal settlement requirements.
While the current ratio of 1.59 suggests a baseline level of liquidity, the rapid depletion of cash reserves warrants caution regarding the company's ability to navigate prolonged industrial downturns. The reliance on cash to satisfy legal outflows appears to be eroding the firm's defensive financial posture.
Analysis of the balance sheet reveals that equity has dwindled to $3.3 billion as of 2026Q1, a stark decline from $4.9 billion in 2024Q1, suggesting that the company's net worth is increasingly vulnerable to further impairment from legal and environmental remediation costs.
The thin equity cushion relative to the scale of potential long-tail liabilities implies that the balance sheet may be more fragile than headline figures suggest. This erosion of equity highlights the risk that future legal settlements could necessitate further capital preservation measures at the expense of shareholder value.
Quick answers to the most common questions about buying MMM stock.
As of 2025, 3M Company (MMM) had total assets of $37.73B including $16.39B in current assets.
3M Company (MMM) carries total debt of $12.94B, offset by $5.93B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
3M Company (MMM) has total shareholders' equity (book value) of $4.70B ($8.81 book value per share). Book value represents the net worth of the company belonging to common stock holders.
3M Company (MMM) reported a current ratio of 1.71x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.