3M (MMM) Interest Coverage Ratio (2009 - 2021)
3M's (MMM) quarterly Interest Coverage Ratio came in at 16.29 in Q2 2021, up 28.25% year-over-year from 12.7 in Q2 2020, and up 7.83% quarter-over-quarter from 15.11 in Q1 2021.
Analysis
3M (MMM) Interest Coverage Ratio (2009 - 2021) Analysis & Trends
3M has disclosed Interest Coverage Ratio across 13 years of filings, most recently posting 16.29 for Q2 2021.
- In Q2 2021, Interest Coverage Ratio rose 28.25% year-over-year to 16.29; the TTM figure through Jun 2021 stood at 14.8 (up 35.85% YoY), while the FY2020 annual figure was 13.54, down 1.77% from the prior year.
- Interest Coverage Ratio came in at 16.29 for Q2 2021 at 3M, up from 15.11 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 39.87 in Q2 2017 to a low of 0.36 in Q4 2019.
- Average Interest Coverage Ratio over 5 years is 18.7, with a median of 15.22 recorded in 2021.
- Year-over-year, Interest Coverage Ratio sank 101.93% in 2019 and soared 3713.49% in 2020.
- Over 5 years, Interest Coverage Ratio stood at 10.78 in 2017, then jumped by 74.15% to 18.77 in 2018, then sank by 101.93% to 0.36 in 2019, then soared by 3713.49% to 13.11 in 2020, then gained by 24.22% to 16.29 in 2021.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 16.29 in Q2 2021, 15.11 in Q1 2021, and 13.11 in Q4 2020.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 84.31 Bn | 80.98 Bn | 2.68 Bn | - |
| 2 | Illinois Tool Works | 75.33 Bn | 74.49 Bn | 1.90 Bn | 14.52 |
| 3 | Ametek | 53.48 Bn | 52.98 Bn | 735.04 Mn | 17.55 |
| 4 | Rockwell Automation | 46.61 Bn | 46.13 Bn | 1.14 Bn | 14.58 |
| 5 | Mettler Toledo International | 25.72 Bn | 25.67 Bn | 650.22 Mn | 19.04 |
| 6 | Dover | 25.19 Bn | 23.44 Bn | 880.61 Mn | 13.48 |
| 7 | Nordson | 17.13 Bn | 17.02 Bn | 453.73 Mn | 10.71 |
| 8 | Fortive | 16.52 Bn | 16.14 Bn | 695.30 Mn | 5.93 |
| 9 | RBC Bearings | 14.97 Bn | 14.84 Bn | 247.80 Mn | 13.94 |
| 10 | Regal Rexnord | 10.42 Bn | 9.98 Bn | 611.60 Mn | 2.78 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2021 | 16.29 |
| Mar 31, 2021 | 15.11 |
| Dec 31, 2020 | 13.11 |
| Sep 30, 2020 | 14.91 |
| Jun 30, 2020 | 12.70 |
| Mar 31, 2020 | 13.52 |
| Dec 31, 2019 | -0.36 |
| Sep 30, 2019 | 18.45 |
| Jun 30, 2019 | 15.33 |
| Mar 31, 2019 | 10.92 |
| Dec 31, 2018 | 18.77 |
| Sep 30, 2018 | 23.72 |
| Jun 30, 2018 | 27.28 |
| Mar 31, 2018 | 12.28 |
| Dec 31, 2017 | 10.78 |
| Sep 30, 2017 | 35.23 |
| Jun 30, 2017 | 39.87 |
| Mar 31, 2017 | 38.71 |
| Dec 31, 2016 | 22.95 |
| Sep 30, 2016 | 38.08 |