Cleveland Cliffs Financials

CLF Stock  USD 12.45  0.31  2.55%   
Based on the key indicators related to Cleveland Cliffs' liquidity, profitability, solvency, and operating efficiency, Cleveland Cliffs is doing better financially today then in previous quarter. It has a moderate likelihood of reporting better financial numbers in January. At this time, Cleveland Cliffs' Other Current Liabilities is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Total Current Liabilities is estimated to increase to about 3.7 B, while Short Term Debt is projected to decrease to roughly 88.8 M. Key indicators impacting Cleveland Cliffs' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio2.571.8917
Significantly Up
Slightly volatile
Investors should never underestimate Cleveland Cliffs' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Cleveland Cliffs' cash flow, debt, and profitability to make informed and accurate decisions about investing in Cleveland Cliffs.

Cash And Equivalents

22.23 Million

  
Understanding current and past Cleveland Cliffs Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Cleveland Cliffs' financial statements are interrelated, with each one affecting the others. For example, an increase in Cleveland Cliffs' assets may result in an increase in income on the income statement.

Cleveland Cliffs Stock Summary

Cleveland Cliffs competes with Nucor Corp, Steel Dynamics, ArcelorMittal, Gerdau SA, and United States. Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company was founded in 1847 and is headquartered in Cleveland, Ohio. Cleveland Cliffs operates under Steel classification in the United States and is traded on New York Stock Exchange. It employs 27000 people.
Foreign Associate
  Mexico
Specialization
Basic Materials, Materials
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS1858991011
CUSIP185899101 18683K101 185896107
LocationOhio; U.S.A
Business Address200 Public Square,
SectorMetals & Mining
IndustryMaterials
BenchmarkDow Jones Industrial
Websitewww.clevelandcliffs.com
Phone216 694 5700
CurrencyUSD - US Dollar

Cleveland Cliffs Key Financial Ratios

Cleveland Cliffs Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets3.5B16.8B19.0B18.8B17.5B18.4B
Other Current Liab216.2M1.2B1.3B637M1.4B1.5B
Net Debt1.8B5.3B5.2B4.2B2.9B3.1B
Retained Earnings(2.8B)(3.0B)(1M)1.3B1.7B1.8B
Cash352.6M112M48M26M198M269.6M
Net Receivables152.6M1.2B2.2B2.0B1.8B1.9B
Inventory317.4M3.8B5.2B5.1B4.5B4.7B
Other Current Assets29.5M165M263M306M138M98.4M
Total Liab3.1B14.4B13.2B10.7B9.4B9.9B
Total Current Assets897.9M5.3B7.7B7.4B6.6B7.0B
Short Term Debt22.1M144M147M136M90M88.8M
Accounts Payable193.2M1.6B2.1B2.2B2.1B2.2B
Other Liab576.1M5.4B4.0B2.6B3.0B3.1B
Other Assets678.6M1.3B671M1.1B1.3B1.4B
Long Term Debt2.1B5.4B5.2B4.2B3.1B2.6B
Treasury Stock(390.7M)(354M)(82M)(310M)(279M)(293.0M)
Intangible Assets48M188M221M214M201M131.1M

Cleveland Cliffs Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense101.2M238M337M276M289M303.5M
Total Revenue2.0B5.4B20.4B23.0B22.0B23.1B
Gross Profit575.7M252M4.5B2.5B1.4B1.5B
Operating Income429.3M5M4.0B1.9B677M710.9M
Ebit429.3M2M4.1B2.1B886M455.7M
Ebitda516.6M310M5.0B3.1B1.9B2.0B
Cost Of Revenue1.4B5.1B15.9B20.5B20.6B21.6B
Income Before Tax312.1M(193M)3.8B1.8B597M626.9M
Net Income292.8M(82M)3.0B1.3B399M419.0M
Income Tax Expense17.6M(111M)773M423M148M155.4M
Extraordinary Items88.2M(1.7M)1M3M3.5M3.6M
Tax Provision17.6M(111M)773M423M148M83.1M
Interest Income101.2M238M337M276M317.4M222.8M
Net Interest Income(101.2M)(238M)(337M)(276M)(289M)(303.5M)

Cleveland Cliffs Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(136.3M)(146M)(1.4B)64M670M703.5M
Change In Cash(470.6M)(241M)(64M)(22M)172M180.6M
Free Cash Flow(93.5M)(786M)2.1B1.5B1.6B1.7B
Depreciation85.1M308M897M1.0B973M1.0B
Other Non Cash Items215.5M106M839M(138M)(3M)(2.9M)
Dividends Paid44.2M116.3M41M7.0B8.0B8.4B
Capital Expenditures656M525M705M943M646M678.3M
Net Income292.8M(81M)3.0B1.4B450M472.5M
End Period Cash Flow352.6M112M48M26M198M285.3M
Investments(644.4M)(2.0B)(1.4B)(936M)(679M)(713.0M)
Change Receivables254.5M(42M)(858M)177M159.3M167.3M
Net Borrowings720.9M2.2B(319M)(1.1B)(992.7M)(943.1M)
Change To Netincome147.2M(399M)651M112M100.8M95.8M

Cleveland Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Cleveland Cliffs's current stock value. Our valuation model uses many indicators to compare Cleveland Cliffs value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cleveland Cliffs competition to find correlations between indicators driving Cleveland Cliffs's intrinsic value. More Info.
Cleveland Cliffs is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Cleveland Cliffs' Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Cleveland Cliffs by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Cleveland Cliffs Systematic Risk

Cleveland Cliffs' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Cleveland Cliffs volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Cleveland Cliffs correlated with the market. If Beta is less than 0 Cleveland Cliffs generally moves in the opposite direction as compared to the market. If Cleveland Cliffs Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cleveland Cliffs is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cleveland Cliffs is generally in the same direction as the market. If Beta > 1 Cleveland Cliffs moves generally in the same direction as, but more than the movement of the benchmark.
This Stock does not participate in any thematic ideas. You can create a thematic portfolio hereView All Thematic Ideas
Today, most investors in Cleveland Cliffs Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cleveland Cliffs' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Cleveland Cliffs growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.36)

At this time, Cleveland Cliffs' Price Earnings To Growth Ratio is most likely to slightly decrease in the upcoming years.

Cleveland Cliffs December 1, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Cleveland Cliffs help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Cleveland Cliffs. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cleveland Cliffs based on widely used predictive technical indicators. In general, we focus on analyzing Cleveland Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cleveland Cliffs's daily price indicators and compare them against related drivers.

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When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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