3M Total Current Assets vs Cash Analysis
MMM Stock | USD 99.67 0.16 0.16% |
3M financial indicator trend analysis is way more than just evaluating 3M Company prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3M Company is a good investment. Please check the relationship between 3M Total Current Assets and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 3M Company Total Current Assets account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between 3M's Total Current Assets and Cash is 0.59. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of 3M Company, assuming nothing else is changed. The correlation between historical values of 3M's Total Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of 3M Company are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., 3M's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash
Cash refers to the most liquid asset of 3M Company, which is listed under current asset account on 3M Company balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from 3M customers. The amounts must be unrestricted with restricted cash listed in a different 3M account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from 3M's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3M Company current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, 3M's Selling General Administrative is very stable compared to the past year. As of the 28th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.69, while Issuance Of Capital Stock is likely to drop about 567.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 16.6B | 15.0B | 14.2B | 11.0B | Total Revenue | 35.4B | 34.2B | 32.7B | 23.6B |
3M fundamental ratios Correlations
Click cells to compare fundamentals
3M Account Relationship Matchups
High Positive Relationship
High Negative Relationship
3M fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 44.7B | 47.3B | 47.1B | 46.5B | 50.6B | 25.6B | |
Short Long Term Debt Total | 20.6B | 19.1B | 17.6B | 16.2B | 16.9B | 17.7B | |
Other Current Liab | 3.5B | 3.8B | 3.9B | 3.6B | 8.3B | 8.7B | |
Total Current Liabilities | 9.2B | 7.9B | 9.0B | 9.5B | 15.3B | 16.1B | |
Total Stockholder Equity | 10.1B | 12.9B | 15.1B | 14.8B | 4.8B | 4.6B | |
Property Plant And Equipment Net | 10.2B | 10.3B | 10.3B | 10.0B | 9.9B | 7.1B | |
Net Debt | 18.2B | 14.4B | 13.1B | 12.5B | 10.9B | 11.5B | |
Retained Earnings | 42.1B | 43.8B | 45.8B | 48.0B | 37.5B | 22.7B | |
Cash | 2.4B | 4.6B | 4.6B | 3.7B | 5.9B | 6.2B | |
Non Current Assets Total | 31.7B | 32.4B | 31.7B | 31.8B | 34.2B | 35.9B | |
Non Currrent Assets Other | 957M | 1.4B | 1.8B | 2.3B | 2.0B | 1.3B | |
Cash And Short Term Investments | 2.5B | 5.0B | 4.8B | 3.9B | 6.0B | 6.3B | |
Net Receivables | 4.8B | 4.7B | 4.7B | 4.5B | 4.9B | 3.6B | |
Common Stock Shares Outstanding | 585.1M | 582.2M | 585.3M | 567.6M | 553.9M | 606.9M | |
Liabilities And Stockholders Equity | 44.7B | 47.3B | 47.1B | 46.5B | 50.6B | 25.6B | |
Non Current Liabilities Total | 25.3B | 26.5B | 22.9B | 22.2B | 30.4B | 31.9B | |
Inventory | 4.1B | 4.2B | 5.0B | 5.4B | 4.8B | 3.2B | |
Other Current Assets | 891M | 325M | 339M | 456M | 149M | 141.6M | |
Other Stockholder Equity | (23.9B) | (23.2B) | (24.0B) | (26.5B) | (25.9B) | (24.6B) | |
Total Liab | 34.5B | 34.4B | 32.0B | 31.7B | 45.7B | 48.0B | |
Total Current Assets | 13.0B | 15.0B | 15.4B | 14.7B | 16.4B | 10.0B | |
Short Term Debt | 3.0B | 1.1B | 1.6B | 2.2B | 3.2B | 3.3B | |
Accounts Payable | 2.2B | 2.6B | 3.0B | 3.2B | 3.2B | 1.6B | |
Property Plant And Equipment Gross | 10.2B | 10.3B | 10.3B | 26.0B | 27.6B | 29.0B | |
Accumulated Other Comprehensive Income | (8.1B) | (7.7B) | (6.8B) | (6.7B) | (6.8B) | (6.4B) | |
Current Deferred Revenue | 430M | 498M | 529M | 538M | 572M | 367.8M | |
Short Term Investments | 98M | 404M | 201M | 238M | 53M | 50.4M | |
Intangible Assets | 6.4B | 5.8B | 5.3B | 4.7B | 4.2B | 2.5B | |
Other Liab | 7.1B | 8.5B | 6.9B | 7.5B | 8.6B | 4.8B | |
Long Term Debt | 17.5B | 18.0B | 16.1B | 14.0B | 13.1B | 7.9B | |
Treasury Stock | (29.6B) | (29.8B) | (29.4B) | (30.5B) | (27.4B) | (26.0B) | |
Property Plant Equipment | 9.3B | 9.4B | 10.3B | 10.0B | 11.5B | 8.3B | |
Good Will | 13.4B | 13.8B | 13.5B | 12.8B | 12.9B | 8.3B | |
Net Tangible Assets | (9.8B) | (6.8B) | (3.7B) | (2.8B) | (2.5B) | (2.4B) | |
Noncontrolling Interest In Consolidated Entity | 63M | 64M | 71M | 48M | 43.2M | 41.0M | |
Retained Earnings Total Equity | 42.1B | 43.8B | 45.8B | 48.0B | 55.1B | 40.0B | |
Capital Surpluse | 5.9B | 6.2B | 6.4B | 6.7B | 7.7B | 5.4B |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as 3M Company using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for 3M Stock analysis
When running 3M's price analysis, check to measure 3M's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Transaction History View history of all your transactions and understand their impact on performance | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |
Is 3M's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3M. If investors know 3M will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 6.01 | Earnings Share (12.73) | Revenue Per Share 58.89 | Quarterly Revenue Growth (0) |
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3M's market value can be influenced by many factors that don't directly affect 3M's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.