Cleveland-Cliffs Balance Sheet Health
Financial Health criteria checks 3/6
Cleveland-Cliffs has a total shareholder equity of $7.4B and total debt of $3.5B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are $16.9B and $9.6B respectively. Cleveland-Cliffs's EBIT is $701.0M making its interest coverage ratio 2.6. It has cash and short-term investments of $110.0M.
Key information
47.9%
Debt to equity ratio
US$3.53b
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$110.00m |
| Equity | US$7.37b |
| Total liabilities | US$9.56b |
| Total assets | US$16.93b |
Recent financial health updates
These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Jun 26
These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Mar 17Does Cleveland-Cliffs (NYSE:CLF) Have A Healthy Balance Sheet?
Nov 14Recent updates
Cleveland-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 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 11Financial Position Analysis
Short Term Liabilities: CLF's short term assets ($6.2B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: CLF's short term assets ($6.2B) do not cover its long term liabilities ($6.2B).
Debt to Equity History and Analysis
Debt Level: CLF's net debt to equity ratio (46.4%) is considered high.
Reducing Debt: CLF's debt to equity ratio has reduced from 736.9% to 47.9% over the past 5 years.
Debt Coverage: CLF's debt is well covered by operating cash flow (58.9%).
Interest Coverage: CLF's interest payments on its debt are not well covered by EBIT (2.6x coverage).