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3m Company  (MMM)
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3m's Long Term Debt to Equity

MMM's quarterly Long Term Debt to Equity and Long Term Debt, Equity growth


Despite a net increase in long-term borrowings by 1.65%, 3m managed to enhance Long Term Debt to Equity in the forth quarter 2023 to 2.69, surpassing the average for 3m's Long Term Debt to Equity.

Within Medical Equipment & Supplies industry in the forth quarter 2023, 7 other companies have achieved lower Long Term Debt to Equity than 3m in the IV Quarter 2023. While Long Term Debt to Equity total ranking has deteriorated compared to the third quarter 2023 from 119 to 332 .

Explain Long Term Debt to Equity Ratio?
How much Long Term Debt MMM´s has?
What is the structure of MMM´s Equity?


MMM Long Term Debt to Equity (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change -67.04 % -66.58 % -43.13 % 2.31 % -2.3 %
Y / Y Long Term Debt Change -6.52 % -7.03 % -7.6 % -12.52 % -12.8 %
Long Term Debt to Equity MRQ 2.69 2.72 1.65 0.84 0.95
MMM's Total Ranking # 332 # 119 # 376 # 80 # 500
Seq. Equity Change 2.9 % -39.79 % -48.82 % 3.93 % 4.34 %
Seq. Long Term Debt Change 1.65 % -0.6 % 0.05 % -7.52 % 1.1 %



Long Term Debt to Equity forth quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 8
Healthcare Sector # 17
Overall Market # 332


Long Term Debt to Equity Statistics
High Average Low
2.72 0.69 0.07
(Sep 30 2023)   (Sep. 30, 2005)




Financial Statements
3m's Equity $ 4,868 Millions Visit MMM's Balance sheet
3m's Long Term Debt $ 13,088 Millions Visit MMM's Balance sheet
Source of MMM's Sales Visit MMM's Sales by Geography


Cumulative 3m's Long Term Debt to Equity

MMM's Long Term Debt to Equity for the trailling 12 Months

MMM Long Term Debt to Equity

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity TTM Growth -67.04 % -66.58 % -43.13 % 2.31 % -2.3 %
Y / Y Long Term Debt TTM Growth -6.52 % -7.03 % -7.6 % -12.52 % -12.8 %
Long Term Debt to Equity TTM 1.58 1.24 1.03 0.94 0.98
Total Ranking TTM # 1849 # 2593 # 125 # 128 # 110
Seq. Equity TTM Growth 2.9 % -39.79 % -48.82 % 3.93 % 4.34 %
Seq. Long Term Debt TTM Growth 1.65 % -0.6 % 0.05 % -7.52 % 1.1 %


On the trailing twelve months basis Due to the net new long-term borrowings of 1.65% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeLong Term Debt to Equity improved to 1.58, above the 3m's average Long Term Debt to Equity.
Long Term Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Medical Equipment & Supplies industry 71, during the past 12 months, other companies have achieved lower Long Term Debt to Equity than 3m. While Long Term Debt to Equity total ranking has improved so far to 1849, from total ranking in previous 12 month period at 2593.

Explain Long Term Debt to Equity Ratio?
How much Long Term Debt MMM´s has?
What is the structure of MMM´s Equity?

TTM Long Term Debt to Equity Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 72
Healthcare Sector # 202
Within the Market # 1849


trailing twelve months Long Term Debt to Equity Statistics
High Average Low
1.75 0.64 0.07
(Jun 30 2020)   (Sep. 30, 2005)




Companies with similar Long Term Debt to Equity in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry Long Term Debt to EquityDec 31 2023 MRQ Long Term DebtDec 31 2023 MRQ Equity
3m Company  2.69 $ 13,088.000  Millions$ 4,868.000  Millions
Tela Bio Inc   2.15 $ 40.515  Millions$ 18.881  Millions
Owens and Minor inc  2.05 $ 1,890.598  Millions$ 924.166  Millions
Insulet Corporation  1.86 $ 1,366.400  Millions$ 732.700  Millions
Neuronetics inc   1.73 $ 59.283  Millions$ 34.190  Millions
Bioventus Inc   1.66 $ 366.998  Millions$ 221.118  Millions
Novocure Limited  1.57 $ 568.822  Millions$ 362.496  Millions
Baxter International Inc   1.31 $ 11,130.000  Millions$ 8,468.000  Millions
Zynex inc   1.25 $ 57.605  Millions$ 46.129  Millions
Apyx Medical Corporation  1.23 $ 33.185  Millions$ 26.922  Millions
Dexcom Inc   1.18 $ 2,434.200  Millions$ 2,068.600  Millions
Conmed Corporation  1.17 $ 973.140  Millions$ 834.222  Millions
Shockwave Medical Inc   1.09 $ 731.863  Millions$ 668.677  Millions
Artivion Inc   1.08 $ 305.531  Millions$ 281.780  Millions
Tandem Diabetes Care Inc   0.91 $ 285.035  Millions$ 313.632  Millions
Haemonetics Corporation  0.91 $ 856.849  Millions$ 943.319  Millions
Integra Lifesciences Holdings Corp  0.88 $ 1,395.818  Millions$ 1,587.884  Millions
Medinotec Inc   0.76 $ 1.581  Millions$ 2.075  Millions
Icu Medical Inc  0.74 $ 1,577.770  Millions$ 2,123.410  Millions
Merit Medical Systems Inc  0.68 $ 823.013  Millions$ 1,202.000  Millions
Bausch and Lomb Corp  0.65 $ 4,532.000  Millions$ 6,920.000  Millions
Cadre Holdings Inc   0.65 $ 127.812  Millions$ 197.162  Millions
Masimo Corp  0.64 $ 871.700  Millions$ 1,364.800  Millions
Integer Holdings Corporation  0.63 $ 959.925  Millions$ 1,519.042  Millions
Beyond Air Inc   0.61 $ 14.380  Millions$ 23.471  Millions
Glaukos Corp  0.61 $ 282.773  Millions$ 461.766  Millions
Msa Safety Incorporated  0.59 $ 575.170  Millions$ 966.802  Millions
National Vision Holdings Inc   0.54 $ 450.771  Millions$ 829.418  Millions

Date modified: 2024-02-07T19:52:34+00:00



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