Quick Ratio
Higher than 61% of Industrials sector peers
Updated 10h ago
Sector Performance
61th percentileMMM
0.83x
Sector Median
0.68x
Sector Avg
1.72x
Deep Analysis
The quick ratio of 0.83x means 3M has $0.83 in liquid assets (cash, marketable securities, receivables) for every $1 of current liabilities, indicating it can cover near-term obligations without selling inventory.
This is above the sector median of 0.68x, placing 3M in the 61th percentile among Industrials peers—meaning it has a stronger liquidity position than most. Trend data is not available: the year-over-year change is N/A, quarter-over-quarter change is N/A, and the trend direction over the last eight quarters is N/A, so no improvement or deterioration can be assessed. Because the quick ratio is above peer median but trend information is missing, the primary implication is that current liquidity is adequate but future risk cannot be evaluated from this metric alone. This level supports the overall NEUTRAL verdict—the ratio is not alarming but lacks dynamic insight to shift the rating.
Frequently Asked Questions
What does the Quick Ratio tell investors about MMM?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
How does MMM's Quick Ratio compare to its sector?
MMM's Quick Ratio of 0.83x compares to a Industrials sector median of 0.68x, placing it in the 61th percentile.
Who are MMM's closest peers by Quick Ratio?
The closest Industrials peers by Quick Ratio include: AVY (0.68x), BLDR (0.71x), ROK (0.62x), GXO (0.75x), PLUG (0.61x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
Master MMM's Valuation
Get the complete institutional research report covering all fundamental and technical metrics.
View full MMM research report →MMM
0.83x
Sector Median
0.68x
Sector Avg
1.72x
How MMM's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.