Ratios (Summary)
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3M Co., liquidity ratios
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | ||
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Current ratio | |
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Quick ratio | |
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Cash ratio | |
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Source: Based on data from 3M Co. Annual Reports
| Ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | 3M Co.'s current ratio deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | 3M Co.'s quick ratio deteriorated from 2009 to 2010 but then improved from 2010 to 2011 not reaching 2009 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | 3M Co.'s cash ratio deteriorated from 2009 to 2010 and from 2010 to 2011. |