Cleveland-Cliffs Balance Sheet Health
Financial Health criteria checks 5/6
Cleveland-Cliffs has a total shareholder equity of $7.4B and total debt of $3.8B, which brings its debt-to-equity ratio to 50.4%. Its total assets and total liabilities are $17.2B and $9.8B respectively. Cleveland-Cliffs's EBIT is $1.1B making its interest coverage ratio 4.1. It has cash and short-term investments of $30.0M.
Key information
50.4%
Debt to equity ratio
US$3.75b
Debt
Interest coverage ratio | 4.1x |
Cash | US$30.00m |
Equity | US$7.44b |
Total liabilities | US$9.79b |
Total assets | US$17.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVA's short term assets ($6.5B) exceed its short term liabilities ($3.4B).
Long Term Liabilities: CVA's short term assets ($6.5B) exceed its long term liabilities ($6.4B).
Debt to Equity History and Analysis
Debt Level: CVA's net debt to equity ratio (50%) is considered high.
Reducing Debt: CVA's debt to equity ratio has reduced from 797.5% to 50.4% over the past 5 years.
Debt Coverage: CVA's debt is well covered by operating cash flow (65.2%).
Interest Coverage: CVA's interest payments on its debt are well covered by EBIT (4.1x coverage).