3M Company
Supplier Financial Health Report
Overview
June 2024
USA
Incorporated Country
85,000
Number of Employees
A+
Credit Rating
11
Count of Investments
Five-Year Financial Trend Analysis for 3M Company
CONSTANT
Credit Trend
48.07%
Total Asset Growth Rate
9.01%
Total Debt Growth Rate
The balance sheet also reflects this trend, with a significant increase in total assets from $31.37B in 2014 to $46.46B in 2022, a 48.07% change. The cash position has also seen a substantial improvement, rising from $1.9B in 2014 to $3.66B in 2022, a 92.67% change.
However, there are some areas of concern. The net operating cash flow trend has shown a decrease from $6.63B in 2014 to $5.59B in 2022, a 15.62% change. Additionally, the free cash flow trend has also decreased from $5.12B in 2018 to $4.04B in 2022, a 21.12% change. This could potentially impact the company's ability to invest in future growth opportunities or pay down debt.
The company's foreign revenue distribution shows a significant presence in countries like China, Japan, India, and Canada, with each accounting for over 2% of the company's revenue. This diversification in revenue sources could help mitigate risks associated with economic instability in any one market.
Despite the strong financial position, there are some missing data points, such as the number of funding rounds and the total funding amount, which could provide additional insights into the company's financial health and growth strategy.
Financial Health Risk Assessment for 3M Company
LOW
Credit Risk
LOW
Bankruptcy Risk
MEDIUM
Financial Health Risk
According to the ratio analysis, the 3M Company appears to be in a relatively strong financial position, with a good ability to meet its short-term obligations, decent profitability, and effective use of assets and equity. However, there is still room for improvement in generating more sales with the same amount of assets and increasing net profitability. The financial health risk indicators suggest that the company currently exhibits a medium financial health risk, with some areas of concern, such as liquidity and solvency risks, which should be closely monitored. Overall, the 3M Company's financial health is generally stable, but it's essential to keep an eye on these areas of concern and consider other factors, such as market conditions and competition, when evaluating its financial health.
List of UEIs for 3M Company
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