3M (MMM) Times Interest Earned (2009 - 2021)
3M's Times Interest Earned came in at 16.29 for 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) Times Interest Earned (2009 - 2021) Analysis & Trends
Over the trailing twelve months to Jun 30, 2021, 3M reported Times Interest Earned of 14.80, up 8.2% year-over-year; for FY2020, it was 13.54, down 1.8% from FY2019.
- Times Interest Earned has declined in each of the last six years.
- Going back by year, Times Interest Earned was 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 represents the highest quarterly Times Interest Earned since Q3 2019.
- Year-over-year, Times Interest Earned has increased for three consecutive quarters, with an average decline of 1.9% over the last eight quarters.
- The fastest year-over-year change in Times Interest Earned over five years came in Q4 2018 (growth of 74.2%), and the weakest in Q1 2018 (a decline of 68.3%).
- Business Quant data shows MMM's Times Interest Earned at 15.11 (Q1 2021), 13.11 (Q4 2020) and 14.91 (Q3 2020) in the three quarters before Q2 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 8.21 |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 14.23 |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 2.81 |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 8.03 |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 8.19 |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | - |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | - |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 14.18 |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 153.72 |
| 10 | Tenaris | 64.57 Bn | 36.09 Bn | 1.07 Bn | 51.93 |
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 Times Interest Earned 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=times-interest-earned&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();