3M (MMM) Interest Expenses (2009 - 2021)
3M's (MMM) quarterly Interest Expenses came in at $121.0 million in Q2 2021, down 11.68% year-over-year from $137.0 million in Q2 2020, and down 8.33% quarter-over-quarter from $132.0 million in Q1 2021.
Analysis
3M (MMM) Interest Expenses (2009 - 2021) Analysis & Trends
3M has disclosed Interest Expenses across 13 years of filings, most recently posting $121.0 million for Q2 2021.
- In Q2 2021, Interest Expenses fell 11.68% year-over-year to $121.0 million; the TTM figure through Jun 2021 stood at $522.0 million (up 5.88% YoY), while the FY2020 annual figure was $529.0 million, up 18.08% from the prior year.
- Interest Expenses came in at $121.0 million for Q2 2021 at 3M, down from $132.0 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $166.0 million in Q4 2017 to a low of $45.0 million in Q1 2017.
- Average Interest Expenses over 5 years is $105.7 million, with a median of $110.0 million recorded in 2019.
- Year-over-year, Interest Expenses jumped 159.38% in 2017 and tumbled 42.77% in 2018.
- Over 5 years, Interest Expenses stood at $166.0 million in 2017, then plunged by 42.77% to $95.0 million in 2018, then surged by 30.53% to $124.0 million in 2019, then gained by 13.71% to $141.0 million in 2020, then fell by 14.18% to $121.0 million in 2021.
- Per Business Quant data, the three most recent Interest Expenses figures were $121.0 million in Q2 2021, $132.0 million in Q1 2021, and $141.0 million in Q4 2020.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 85.28 Bn | 81.95 Bn | 2.68 Bn | - |
| 2 | Illinois Tool Works | 75.67 Bn | 74.83 Bn | 1.90 Bn | 79.00 Mn |
| 3 | Ametek | 54.19 Bn | 53.69 Bn | 735.04 Mn | 30.10 Mn |
| 4 | Rockwell Automation | 47.43 Bn | 46.95 Bn | 1.14 Bn | 33.00 Mn |
| 5 | Mettler Toledo International | 26.01 Bn | 25.96 Bn | 650.22 Mn | 17.25 Mn |
| 6 | Dover | 25.81 Bn | 24.05 Bn | 880.61 Mn | 29.06 Mn |
| 7 | Nordson | 17.47 Bn | 17.36 Bn | 453.73 Mn | 20.82 Mn |
| 8 | Fortive | 17.01 Bn | 16.64 Bn | 695.30 Mn | 35.40 Mn |
| 9 | RBC Bearings | 15.36 Bn | 15.24 Bn | 247.80 Mn | 10.10 Mn |
| 10 | Regal Rexnord | 10.69 Bn | 10.25 Bn | 611.60 Mn | 77.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2021 | 121.00 Mn |
| Mar 31, 2021 | 132.00 Mn |
| Dec 31, 2020 | 141.00 Mn |
| Sep 30, 2020 | 128.00 Mn |
| Jun 30, 2020 | 137.00 Mn |
| Mar 31, 2020 | 123.00 Mn |
| Dec 31, 2019 | 124.00 Mn |
| Sep 30, 2019 | 109.00 Mn |
| Jun 30, 2019 | 111.00 Mn |
| Mar 31, 2019 | 104.00 Mn |
| Dec 31, 2018 | 95.00 Mn |
| Sep 30, 2018 | 85.00 Mn |
| Jun 30, 2018 | 88.00 Mn |
| Mar 31, 2018 | 82.00 Mn |
| Dec 31, 2017 | 166.00 Mn |
| Sep 30, 2017 | 57.00 Mn |
| Jun 30, 2017 | 54.00 Mn |
| Mar 31, 2017 | 45.00 Mn |
| Dec 31, 2016 | 64.00 Mn |
| Sep 30, 2016 | 50.00 Mn |