MMM Current Ratio Analysis
Higher than 52% of Industrials sector peers
Updated 297h ago·SEC filings & market data
Key Takeaway
The current ratio measures whether a company can cover its short-term obligations with its short-term assets; a value of 1.24x means 3M has $1.24 in current assets for every $1 of current liabilities.
Sector Performance
52th percentileMMM
1.24x
Sector Median
1.21x
Sector Avg
3.48x
Prior Period
1.59x(Jul 2026)
Deep Analysis
The current ratio measures whether a company can cover its short-term obligations with its short-term assets; a value of 1.24x means 3M has $1.24 in current assets for every $1 of current liabilities.
That level sits above the Industrials sector median of 1.18x, placing 3M in the 55th percentile, or slightly more liquid than half its peers. The year-over-year change is not available, but on a quarter-over-quarter basis the ratio dropped by 22.0%, moving from 1.59x to 1.24x. The combination of a near-median but still adequate liquidity level with a sharp recent decline suggests short-term financial flexibility is narrowing, which adds a layer of caution for investors. The drop does not contradict the overall NEUTRAL verdict, as the ratio remains above the sector median and does not signal an immediate liquidity crisis. This metric therefore supports the neutral stance rather than pushing it toward bullish or bearish.
Frequently Asked Questions
What does the Current Ratio tell investors about MMM?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
How does MMM's Current Ratio compare to its sector?
MMM's Current Ratio of 1.24x compares to a Industrials sector median of 1.21x, placing it in the 52th percentile.
Who are MMM's closest peers by Current Ratio?
The closest Industrials peers by Current Ratio include: BA (1.18x), AME (1.14x), AVY (1.13x), PWR (1.10x), ADP (1.04x).
Learn More About Current Ratio
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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1.24x
Sector Median
1.21x
Sector Avg
3.48x
How MMM's Current Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.