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Is 3M Stressed Out on Mounting Debt?

Is 3M Stressed Out on Mounting Debt?

3M’s (MMM) debt at the end of the first quarter was at an all-time high. Since 2012, its debt has grown significantly, from $6 billion to $15.7 billion at the end of Q1 2018. It has grown at a CAGR (compound annual growth rate) of 20%. Debt includes short-term borrowings, the current portion of long-term debt, and long-term debt.