Is it safe?
Can MMM take a bad year?
3M carries $9.60B of net debt at 1.77× EBITDA: a load its earnings can carry.
$9.60B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.77×
Net debt / EBITDA · 1.73× a year ago · the load is going up
- Altman Z-score
- 4.30
Altman Z-score · safe zone, above 3
- Interest cover
- 5.31×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $12.6B
- Cash and short-term investments
- $2.96B
- Net debt
- $9.60B
- EBITDA, trailing twelve months
- $5.43B
- Operating profit, trailing twelve months
- $4.62B
- Debt / equity
- 4.25×
- Total debt / EBITDA
- 2.31×
- Annualised volatilitytwo years of daily moves
- 28%
- Worst drawdown on file
- −59%
- Below its 52-week high
- −2.1%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.