3m annual debt-to-equity ratio
2008
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2024
2025
3m Debt-to-Equity Ratio Growth & History (MMM)
3m's debt-to-equity ratio was 2.79 for fiscal 2025.
View full 3m company overview3m annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.79 | −0.76 | −21.44% |
| 2024 | 2024-12-31 | 3.56 | 0.05 | +1.40% |
| 2023 | 2023-12-31 | 3.51 | 2.36 | +206.04% |
| 2022 | 2022-12-31 | 1.15 | −0.07 | −5.90% |
| 2021 | 2021-12-31 | 1.22 | −0.32 | −20.79% |
| 2020 | 2020-12-31 | 1.54 | −0.58 | −27.39% |
| 2019 | 2019-12-31 | 2.12 | 0.61 | +40.91% |
| 2018 | 2018-12-31 | 1.50 | 0.29 | +23.86% |
| 2017 | 2017-12-31 | 1.21 | 0.08 | +6.70% |
| 2016 | 2016-12-31 | 1.14 | 0.19 | +19.71% |
| 2015 | 2015-12-31 | 0.95 | 0.42 | +80.95% |
| 2014 | 2014-12-31 | 0.52 | 0.18 | +50.94% |
| 2013 | 2013-12-31 | 0.35 | 0.00 | +0.30% |
| 2012 | 2012-12-31 | 0.35 | 0.01 | +1.64% |
| 2011 | 2011-12-31 | 0.34 | −0.01 | −3.91% |
| 2010 | 2010-12-31 | 0.35 | −0.10 | −22.14% |
| 2009 | 2009-12-31 | 0.46 | −0.22 | −32.98% |
| 2008 | 2008-12-31 | 0.68 | — | — |
3m quarterly debt-to-equity ratio
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Q2.09
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.46 | 1.26 | +39.33% |
| Q1 2026 | 2026-03-31 | 4.02 | 0.87 | +27.67% |
| Q4 2025 | 2025-12-31 | 2.79 | −0.76 | −21.44% |
| Q3 2025 | 2025-09-30 | 2.84 | −0.13 | −4.38% |
| Q2 2025 | 2025-06-30 | 3.20 | −0.30 | −8.51% |
| Q1 2025 | 2025-03-31 | 3.15 | −1.40 | −30.79% |
| Q4 2024 | 2024-12-31 | 3.56 | 0.05 | +1.40% |
| Q3 2024 | 2024-09-30 | 2.97 | −0.62 | −17.31% |
| Q2 2024 | 2024-06-30 | 3.50 | 1.34 | +62.32% |
| Q1 2024 | 2024-03-31 | 4.55 | 3.45 | +313.40% |
| Q4 2023 | 2023-12-31 | 3.51 | 2.36 | +206.04% |
| Q3 2023 | 2023-09-30 | 3.60 | 2.42 | +206.50% |
| Q2 2023 | 2023-06-30 | 2.15 | 0.91 | +72.98% |
| Q1 2023 | 2023-03-31 | 1.10 | −0.07 | −6.28% |
| Q4 2022 | 2022-12-31 | 1.15 | −0.07 | −5.90% |
| Q3 2022 | 2022-09-30 | 1.17 | −0.14 | −10.76% |
| Q2 2022 | 2022-06-30 | 1.25 | −0.08 | −5.88% |
| Q1 2022 | 2022-03-31 | 1.18 | −0.11 | −8.61% |
| Q4 2021 | 2021-12-31 | 1.22 | −0.32 | −20.79% |
| Q3 2021 | 2021-09-30 | 1.31 | −0.31 | −19.03% |
| Q2 2021 | 2021-06-30 | 1.32 | −0.53 | −28.63% |
| Q1 2021 | 2021-03-31 | 1.29 | −0.69 | −35.06% |
| Q4 2020 | 2020-12-31 | 1.54 | −0.58 | −27.39% |
| Q3 2020 | 2020-09-30 | 1.62 | −0.10 | −5.77% |
| Q2 2020 | 2020-06-30 | 1.85 | 0.28 | +17.46% |
| Q1 2020 | 2020-03-31 | 1.98 | 0.20 | +11.35% |
| Q4 2019 | 2019-12-31 | 2.12 | 0.61 | +40.91% |
| Q3 2019 | 2019-09-30 | 1.72 | 0.27 | +18.93% |
| Q2 2019 | 2019-06-30 | 1.58 | 0.18 | +12.69% |
| Q1 2019 | 2019-03-31 | 1.78 | 0.35 | +24.66% |
| Q4 2018 | 2018-12-31 | 1.50 | 0.29 | +23.86% |
| Q3 2018 | 2018-09-30 | 1.45 | 0.49 | +50.87% |
| Q2 2018 | 2018-06-30 | 1.40 | 0.43 | +43.67% |
| Q1 2018 | 2018-03-31 | 1.43 | 0.36 | +33.87% |
| Q4 2017 | 2017-12-31 | 1.21 | 0.08 | +6.70% |
| Q3 2017 | 2017-09-30 | 0.96 | −0.07 | −6.77% |
| Q2 2017 | 2017-06-30 | 0.97 | −0.01 | −1.30% |
| Q1 2017 | 2017-03-31 | 1.07 | 0.12 | +12.25% |
| Q4 2016 | 2016-12-31 | 1.14 | 0.19 | +19.71% |
| Q3 2016 | 2016-09-30 | 1.03 | 0.11 | +11.53% |
| Q2 2016 | 2016-06-30 | 0.99 | 0.34 | +51.85% |
| Q1 2016 | 2016-03-31 | 0.95 | 0.48 | +100.46% |
| Q4 2015 | 2015-12-31 | 0.95 | 0.42 | +80.95% |
| Q3 2015 | 2015-09-30 | 0.92 | 0.47 | +103.36% |
| Q2 2015 | 2015-06-30 | 0.65 | 0.25 | +61.89% |
| Q1 2015 | 2015-03-31 | 0.47 | 0.10 | +25.64% |
| Q4 2014 | 2014-12-31 | 0.52 | 0.18 | +50.94% |
| Q3 2014 | 2014-09-30 | 0.45 | 0.13 | +39.88% |
| Q2 2014 | 2014-06-30 | 0.40 | 0.07 | +20.80% |
| Q1 2014 | 2014-03-31 | 0.38 | 0.05 | +14.82% |
| Q4 2013 | 2013-12-31 | 0.35 | 0.00 | +0.30% |
| Q3 2013 | 2013-09-30 | 0.32 | −0.04 | −9.91% |
| Q2 2013 | 2013-06-30 | 0.33 | −0.05 | −13.48% |
| Q1 2013 | 2013-03-31 | 0.33 | 0.01 | +2.67% |
| Q4 2012 | 2012-12-31 | 0.35 | 0.01 | +1.64% |
| Q3 2012 | 2012-09-30 | 0.36 | −0.00 | −0.72% |
| Q2 2012 | 2012-06-30 | 0.38 | 0.06 | +18.97% |
| Q1 2012 | 2012-03-31 | 0.32 | −0.02 | −6.14% |
| Q4 2011 | 2011-12-31 | 0.34 | −0.01 | −3.91% |
| Q3 2011 | 2011-09-30 | 0.36 | −0.01 | −2.26% |
| Q2 2011 | 2011-06-30 | 0.32 | −0.08 | −20.48% |
| Q1 2011 | 2011-03-31 | 0.34 | −0.09 | −20.02% |
| Q4 2010 | 2010-12-31 | 0.35 | −0.10 | −22.14% |
| Q3 2010 | 2010-09-30 | 0.37 | −0.12 | −25.06% |
| Q2 2010 | 2010-06-30 | 0.41 | −0.16 | −27.80% |
| Q1 2010 | 2010-03-31 | 0.43 | — | — |
| Q4 2009 | 2009-12-31 | 0.46 | −0.22 | −32.98% |
| Q3 2009 | 2009-09-30 | 0.50 | — | — |
| Q2 2009 | 2009-06-30 | 0.56 | — | — |
| Q4 2008 | 2008-12-31 | 0.68 | — | — |
3m debt-to-equity ratio trends
Over the last five fiscal years, 3m's debt-to-equity ratio increased from 1.54 to 2.79, a change of 1.26. The latest reported quarter, Q2 2026, shows 4.46.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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