Current Ratio
since 2005
Calculation
3M Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1.70 | = | 15,403) | ÷ | 9,035) |
| Dec 31, 2020 | 1.89 | = | 14,982) | ÷ | 7,948) |
| Dec 31, 2019 | 1.41 | = | 12,971) | ÷ | 9,222) |
| Dec 31, 2018 | 1.89 | = | 13,709) | ÷ | 7,244) |
| Dec 31, 2017 | 1.86 | = | 14,277) | ÷ | 7,687) |
| Dec 31, 2016 | 1.89 | = | 11,726) | ÷ | 6,219) |
| Dec 31, 2015 | 1.54 | = | 10,986) | ÷ | 7,118) |
| Dec 31, 2014 | 1.96 | = | 11,765) | ÷ | 5,998) |
| Dec 31, 2013 | 1.70 | = | 12,733) | ÷ | 7,498) |
| Dec 31, 2012 | 2.20 | = | 13,630) | ÷ | 6,200) |
| Dec 31, 2011 | 2.25 | = | 12,240) | ÷ | 5,441) |
| Dec 31, 2010 | 2.01 | = | 12,215) | ÷ | 6,089) |
| Dec 31, 2009 | 2.20 | = | 10,795) | ÷ | 4,897) |
| Dec 31, 2008 | 1.64 | = | 9,598) | ÷ | 5,839) |
| Dec 31, 2007 | 1.83 | = | 9,838) | ÷ | 5,362) |
| Dec 31, 2006 | 1.22 | = | 8,946) | ÷ | 7,323) |
| Dec 31, 2005 | 1.36 | = | 7,115) | ÷ | 5,238) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
3M Co., current ratio, long-term trends, comparison to competitors
| 3M Co. | Boeing Co. | Caterpillar Inc. | Cummins Inc. | Eaton Corp. plc | General Electric Co. | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 1.70 | 1.33 | 1.46 | 1.74 | 1.04 | 1.28 | 1.30 | 1.42 | 1.19 |
| Dec 31, 2020 | 1.89 | 1.39 | 1.53 | 1.88 | 1.56 | 1.58 | 1.47 | 1.39 | 1.21 |
| Dec 31, 2019 | 1.41 | 1.05 | 1.47 | 1.50 | 1.70 | 1.16 | 1.34 | 1.22 | 1.08 |
| Dec 31, 2018 | 1.89 | 1.08 | 1.37 | 1.54 | 1.47 | — | 1.29 | 1.12 | 1.13 |
| Dec 31, 2017 | 1.86 | 1.16 | 1.35 | 1.57 | 1.64 | — | 1.38 | 1.38 | 1.35 |
| Dec 31, 2016 | 1.89 | 1.25 | 1.22 | 1.78 | 1.27 | — | 1.41 | 1.20 | 1.30 |
| Dec 31, 2015 | 1.54 | 1.35 | 1.31 | 2.09 | 1.43 | — | 1.09 | 1.15 | 1.18 |
| Dec 31, 2014 | 1.96 | 1.20 | 1.39 | 2.25 | 1.51 | — | 1.50 | 1.11 | 1.30 |
| Dec 31, 2013 | 1.70 | 1.26 | 1.40 | 2.57 | 1.78 | — | 1.49 | 1.20 | 1.29 |
| Dec 31, 2012 | 2.20 | 1.27 | 1.43 | 2.29 | 1.44 | — | 1.35 | 1.14 | 1.24 |
| Dec 31, 2011 | 2.25 | 1.21 | 1.33 | 1.94 | 1.60 | — | 1.31 | 1.16 | 1.38 |
| Dec 31, 2010 | 2.01 | 1.15 | 1.44 | 1.93 | 1.70 | — | 1.28 | 1.15 | 1.33 |
| Dec 31, 2009 | 2.20 | 1.07 | 1.39 | 2.06 | 1.68 | — | 1.25 | 1.17 | 1.29 |
| Dec 31, 2008 | 1.64 | 0.84 | 1.21 | 1.79 | 1.28 | — | 1.08 | 1.01 | 1.24 |
| Dec 31, 2007 | 1.83 | 0.86 | 1.15 | 1.78 | 1.30 | — | 1.15 | 1.11 | 1.26 |
| Dec 31, 2006 | 1.22 | 0.77 | 1.20 | 1.87 | 1.29 | — | 1.21 | 1.06 | 1.24 |
| Dec 31, 2005 | 1.36 | 0.78 | 1.19 | 1.77 | 1.21 | — | 1.15 | 1.12 | 1.12 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
3M Co., current ratio, long-term trends, comparison to sector (capital goods)
| 3M Co. | Capital Goods | |
|---|---|---|
| Dec 31, 2021 | 1.70 | 1.32 |
| Dec 31, 2020 | 1.89 | 1.44 |
| Dec 31, 2019 | 1.41 | 1.17 |
| Dec 31, 2018 | 1.89 | 1.18 |
| Dec 31, 2017 | 1.86 | 1.30 |
| Dec 31, 2016 | 1.89 | 1.28 |
| Dec 31, 2015 | 1.54 | 1.29 |
| Dec 31, 2014 | 1.96 | 1.32 |
| Dec 31, 2013 | 1.70 | 1.37 |
| Dec 31, 2012 | 2.20 | 1.33 |
| Dec 31, 2011 | 2.25 | 1.31 |
| Dec 31, 2010 | 2.01 | 1.30 |
| Dec 31, 2009 | 2.20 | 1.25 |
| Dec 31, 2008 | 1.64 | 1.09 |
| Dec 31, 2007 | 1.83 | 1.10 |
| Dec 31, 2006 | 1.22 | 1.07 |
| Dec 31, 2005 | 1.36 | 1.05 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
3M Co., current ratio, long-term trends, comparison to industry (industrials)
| 3M Co. | Industrials | |
|---|---|---|
| Dec 31, 2021 | 1.70 | 1.31 |
| Dec 31, 2020 | 1.89 | 1.43 |
| Dec 31, 2019 | 1.41 | 1.20 |
| Dec 31, 2018 | 1.89 | 1.18 |
| Dec 31, 2017 | 1.86 | 1.30 |
| Dec 31, 2016 | 1.89 | 1.28 |
| Dec 31, 2015 | 1.54 | 1.30 |
| Dec 31, 2014 | 1.96 | 1.34 |
| Dec 31, 2013 | 1.70 | 1.41 |
| Dec 31, 2012 | 2.20 | 1.37 |
| Dec 31, 2011 | 2.25 | 1.34 |
| Dec 31, 2010 | 2.01 | 1.34 |
| Dec 31, 2009 | 2.20 | 1.28 |
| Dec 31, 2008 | 1.64 | 1.10 |
| Dec 31, 2007 | 1.83 | 1.10 |
| Dec 31, 2006 | 1.22 | 1.09 |
| Dec 31, 2005 | 1.36 | 1.08 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).