3M (MMM) Interest Coverage Ratio (2009 - 2021)
3M's (MMM) Interest Coverage Ratio stood at 16.29 in Q2 2021, up 28.3% from 12.70 a year earlier and up 7.8% from the prior quarter.
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Analysis
3M (MMM) Interest Coverage Ratio (2009 - 2021) Analysis & Trends
On a TTM basis, 3M's Interest Coverage Ratio came in at 14.80 as of Jun 30, 2021, up 8.2% year-over-year; for FY2020, it came in at 13.54, down 1.8% from FY2019.
- Annual Interest Coverage Ratio has declined for six straight years.
- Across earlier years, Interest Coverage Ratio came in at 13.78 in FY2019 (-33.1%), 20.59 in FY2018 (-13.8%), 23.89 in FY2017 (-32.4%) and 35.31 in FY2016 (-24.3%).
- The Q2 2021 figure is the highest quarterly Interest Coverage Ratio since Q3 2019.
- On a year-over-year basis, Interest Coverage Ratio has increased for three consecutive quarters, with an average decline of 1.9% over the last eight quarters.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 74.2% in Q4 2018, against a decline of 68.3% in Q1 2018 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.11 (Q1 2021), 13.11 (Q4 2020) and 14.91 (Q3 2020).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 8.64 |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 12.09 |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 2.81 |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 6.93 |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 14.45 |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 36.66 |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | - |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 14.52 |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 15.99 |
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 | 10.69 |
| 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 |
API Access
3M Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "MMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();