Cleveland-Cliffs Balance Sheet Health
Financial Health criteria checks 3/6
Cleveland-Cliffs has a total shareholder equity of $7.1B and total debt of $3.8B, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are $16.8B and $9.7B respectively. Cleveland-Cliffs's EBIT is $140.0M making its interest coverage ratio 0.5. It has cash and short-term investments of $39.0M.
Key information
53.6%
Debt to equity ratio
US$3.80b
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$39.00m |
| Equity | US$7.10b |
| Total liabilities | US$9.70b |
| Total assets | US$16.80b |
Recent financial health updates
Cleveland-Cliffs (NYSE:CLF) Takes On Some Risk With Its Use Of Debt
Oct 05
These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Jun 26These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Mar 17Recent updates
Trump, Tariffs, And Turnarounds: Why Cleveland-Cliffs Is A Top Pick For 2025
Dec 10There's No Escaping Cleveland-Cliffs Inc.'s (NYSE:CLF) Muted Revenues
Nov 27Cleveland-Cliffs Falls On Q3 Earnings - A Gift For Long-Term Buyers
Nov 06Cleveland-Cliffs: The American Steel Industry Is In An Economic Depression
Oct 26Cleveland-Cliffs: There's No Sign Of A Turnaround
Oct 08Cleveland-Cliffs (NYSE:CLF) Takes On Some Risk With Its Use Of Debt
Oct 05Cleveland-Cliffs: Things Are Getting From Bad To Worse
Sep 23Cleveland-Cliffs: Cyclical And Pointing Down - Where Would It Be Bullish?
Sep 03The Steel Industry's Best-Kept Secret: Cleveland-Cliffs
Aug 18Cleveland-Cliffs' Acquisition Of Stelco: Surprise M&A Enhances The Story
Jul 16Earnings Tell The Story For Cleveland-Cliffs Inc. (NYSE:CLF)
Jul 14Cleveland-Cliffs Q2 2024 Earnings: Short-Term Tailwinds, But Not A Buy Yet
Jul 09Cleveland-Cliffs: Buy The Dip, Challenges Are Likely Temporary
Jul 01These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Jun 26Are 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 19Financial Position Analysis
Short Term Liabilities: CLF's short term assets ($6.0B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: CLF's short term assets ($6.0B) do not cover its long term liabilities ($6.4B).
Debt to Equity History and Analysis
Debt Level: CLF's net debt to equity ratio (53%) is considered high.
Reducing Debt: CLF's debt to equity ratio has reduced from 586% to 53.6% over the past 5 years.
Debt Coverage: CLF's debt is well covered by operating cash flow (32.3%).
Interest Coverage: CLF's interest payments on its debt are not well covered by EBIT (0.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 10:24 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cleveland-Cliffs Inc. is covered by 42 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Anthony Robson | BMO Capital Markets Equity Research |
| Tristan Gresser | BNP Paribas Exane |