3M (MMM) Interest Expenses (2009 - 2021)
3M's Interest Expenses came in at $121 million for Q2 2021, down 11.7% from $137 million a year earlier and down 8.3% from the prior quarter.
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Analysis
3M (MMM) Interest Expenses (2009 - 2021) Analysis & Trends
Over the trailing twelve months to Jun 30, 2021, 3M reported Interest Expenses of $522 million, up 5.9% year-over-year; for FY2020, it came in at $529 million, up 18.1% from FY2019.
- Interest Expenses has increased in each of the last six years, with a five-year compound annual growth rate of 28.8% (FY2015 to FY2020).
- Going back by year, Interest Expenses was $448 million in FY2019 (+28.0%), $350 million in FY2018 (+8.7%), $322 million in FY2017 (+61.8%) and $199 million in FY2016 (+33.6%).
- The Q2 2021 figure represents the lowest quarterly Interest Expenses since Q3 2019.
- Year-over-year, Interest Expenses increased in seven of the last eight quarters, with growth averaging 15.9%.
- The fastest year-over-year change in Interest Expenses over five years came in Q4 2017 (growth of 159.4%), and the weakest in Q4 2018 (a decline of 42.8%).
- Business Quant data shows MMM's Interest Expenses at $132 million (Q1 2021), $141 million (Q4 2020) and $128 million (Q3 2020) in the three quarters before Q2 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 497.00 Mn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 213.70 Mn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 661.00 Mn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 201.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 95.00 Mn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 17.40 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | - |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 79.00 Mn |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | 80.00 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 |
API Access
3M Interest Expenses 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-expenses&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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-expenses&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();