Good News: 3M’s DE Ratio Is Improving
At the end of the second quarter, 3M’s (MMM) debt stood at $14.51 billion—a reduction of $1.6 billion from the first quarter. Since 2012, 3M’s debt has more than doubled. In the past six years, 3M’s debt has grown at a compound annual growth rate of 17.25%. The debt includes short-term borrowings, the current portion of long-term debt, and long-term debt.