Cleveland Cliffs Inc. financial data

Symbol
CLF on NYSE
Industry
Metal Mining
Location
200 Public Square, Ste. 3300, Cleveland, OH
State of incorporation
OH
Fiscal year end
December 31
Former names
CLIFFS NATURAL RESOURCES INC. (to 8/14/2017)
Latest financial report
10-Q - Q2 2024 - Jul 24, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 194 % -10.5%
Quick Ratio 131 % -9.8%
Debt-to-equity 128 % -13.1%
Return On Equity 0.56 % -80.6%
Return On Assets 0.25 % -79.4%
Operating Margin 0.92 % -55.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 468M shares -7.99%
Common Stock, Shares, Outstanding 468M shares -7.99%
Entity Public Float 8.39B USD +6.97%
Weighted Average Number of Shares Outstanding, Basic 473M shares -7.8%
Weighted Average Number of Shares Outstanding, Diluted 474M shares -7.78%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 21B USD -4.41%
Costs and Expenses 20.8B USD -3.27%
Operating Income (Loss) 193M USD -57.8%
Nonoperating Income (Expense) -65M USD +1.52%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 128M USD -67.3%
Income Tax Expense (Benefit) 36M USD -69.5%
Net Income (Loss) Attributable to Parent 44M USD -80.7%
Earnings Per Share, Basic 0.07 USD/shares -84.8%
Earnings Per Share, Diluted 0.08 USD/shares -83.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 110M USD +224%
Accounts Receivable, after Allowance for Credit Loss, Current 1.77B USD -22.6%
Inventory, Net 4.2B USD -11.2%
Other Assets, Current 110M USD -3.51%
Assets, Current 6.19B USD -13.6%
Property, Plant and Equipment, Net 8.73B USD -1.69%
Goodwill 1.01B USD -11.1%
Other Assets, Noncurrent 649M USD -13.6%
Assets 16.9B USD -7.51%
Accounts Payable, Current 2.08B USD -1.7%
Employee-related Liabilities, Current 431M USD -5.28%
Accrued Liabilities, Current 296M USD +13.4%
Liabilities, Current 3.32B USD -2.64%
Operating Lease, Liability, Noncurrent 197M USD +1.03%
Other Liabilities, Noncurrent 1.35B USD +3.52%
Liabilities 9.56B USD -6.85%
Accumulated Other Comprehensive Income (Loss), Net of Tax 1.67B USD +1.4%
Retained Earnings (Accumulated Deficit) 1.67B USD +2.71%
Stockholders' Equity Attributable to Parent 7.11B USD -8.87%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 7.37B USD -8.35%
Liabilities and Equity 16.9B USD -7.51%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 142M USD
Net Cash Provided by (Used in) Financing Activities -131M USD -151%
Net Cash Provided by (Used in) Investing Activities -179M USD +3.24%
Common Stock, Shares Authorized 1.2B shares 0%
Common Stock, Shares, Issued 531M shares 0%
Common Stock, Par or Stated Value Per Share 0.13 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -168M USD -609%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 110M USD +224%
Interest Paid, Excluding Capitalized Interest, Operating Activities 53M USD -32.9%
Deferred Tax Assets, Valuation Allowance 396M USD +1.54%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 972M USD -2.21%
Operating Lease, Liability 238M USD 0%
Depreciation 901M USD -2.7%
Payments to Acquire Property, Plant, and Equipment 182M USD -3.19%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 67M USD -94.5%
Lessee, Operating Lease, Liability, to be Paid 331M USD -0.3%
Property, Plant and Equipment, Gross 13.1B USD +3.57%
Operating Lease, Liability, Current 41M USD -4.65%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Deferred Income Tax Expense (Benefit) -4M USD -107%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 93M USD -1.06%
Deferred Tax Assets, Operating Loss Carryforwards 390M USD +0.26%
Unrecognized Tax Benefits 76M USD +31%
Additional Paid in Capital 4.86B USD +0.48%
Amortization of Intangible Assets 13M USD 0%
Depreciation, Depletion and Amortization 942M USD -3.09%
Deferred Tax Assets, Net of Valuation Allowance 576M USD -4.64%