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
These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Mar 17
Does Cleveland-Cliffs (NYSE:CLF) Have A Healthy Balance Sheet?
Nov 14Is Cleveland-Cliffs (NYSE:CLF) Using Too Much Debt?
Jul 10We Think Cleveland-Cliffs (NYSE:CLF) Is Taking Some Risk With Its Debt
Apr 10Recent updates
Are Investors Undervaluing Cleveland-Cliffs Inc. (NYSE:CLF) By 45%?
Jun 07Cleveland-Cliffs Looks Solid On The Dip
May 28Cleveland-Cliffs Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 26Cleveland-Cliffs Is A Long-Term Growth Strategy
Apr 25Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight
Apr 18Cleveland-Cliffs Will Prevail, Whatever Happens
Apr 02Cleveland-Cliffs Inc.'s (NYSE:CLF) P/E Still Appears To Be Reasonable
Apr 01These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Mar 17Why Cleveland-Cliffs Stock Is Poised To Go Higher
Mar 16An Intrinsic Calculation For Cleveland-Cliffs Inc. (NYSE:CLF) Suggests It's 48% Undervalued
Mar 01Cleveland-Cliffs: A 'Trump Trade' With Significant Upside Potential
Feb 27Cleveland-Cliffs' (NYSE:CLF) Soft Earnings Are Actually Better Than They Appear
Feb 15Cleveland-Cliffs Bolsters Shareholder Value
Feb 04Cleveland-Cliffs Inc. Just Missed EPS By 26%: Here's What Analysts Think Will Happen Next
Feb 01Cleveland-Cliffs: What To Expect From Q4 Earnings
Jan 26Why I Am Even More Bullish After Cleveland-Cliffs Failed To Buy U.S. Steel
Jan 04Cleveland-Cliffs Is Still A Bargain
Dec 23There Is A Reason Cleveland-Cliffs Inc.'s (NYSE:CLF) Price Is Undemanding
Dec 19Cleveland-Cliffs Looks Set For A Strong Q4 2023 And FY 2024
Nov 27Steel Perfection - Why I'm Bullish On Cleveland-Cliffs
Nov 19Does Cleveland-Cliffs (NYSE:CLF) Have A Healthy Balance Sheet?
Nov 14Cleveland-Cliffs: A Good Quarter, But This Hardly Matters At The Moment
Oct 24Cleveland-Cliffs Q3 Earnings: What Can We Expect?
Oct 18Cleveland-Cliffs: Navigating Through Uncertainty
Sep 20Cleveland-Cliffs: Consolidation At Any Cost Comes With Strings Attached
Aug 23Why Cleveland-Cliffs Is Positioned For Tomorrow's Economy
Aug 11Cleveland-Cliffs Earnings: Steel's Vital Role In The Energy Transition
Jul 25Cleveland-Cliffs: Steelmakers Face Significant Recessionary Pressures
Jul 19Is Cleveland-Cliffs (NYSE:CLF) Using Too Much Debt?
Jul 10Cleveland-Cliffs: History Of Seasonal Price Strength During The Summer (Rating Upgrade)
Jun 14Cleveland-Cliffs Inc.'s (NYSE:CLF) Intrinsic Value Is Potentially 40% Above Its Share Price
May 17We Think Cleveland-Cliffs (NYSE:CLF) Is Taking Some Risk With Its Debt
Apr 10Cleveland-Cliffs: Cleaning House
Feb 14Cleveland-Cliffs: Ignore The Noise And Buy Before Earnings Release
Feb 08Is There An Opportunity With Cleveland-Cliffs Inc.'s (NYSE:CLF) 49% Undervaluation?
Feb 06Financial Position Analysis
Short Term Liabilities: CLF's short term assets ($6.5B) exceed its short term liabilities ($3.4B).
Long Term Liabilities: CLF's short term assets ($6.5B) exceed its long term liabilities ($6.4B).
Debt to Equity History and Analysis
Debt Level: CLF's net debt to equity ratio (50%) is considered high.
Reducing Debt: CLF's debt to equity ratio has reduced from 797.5% to 50.4% over the past 5 years.
Debt Coverage: CLF's debt is well covered by operating cash flow (65.2%).
Interest Coverage: CLF's interest payments on its debt are well covered by EBIT (4.1x coverage).