Cleveland-Cliffs (CLF) Ratios
Cleveland-Cliffs Ratios
MX:CLF's free cash flow for Q3 2026 was $72.00M. For the 2026 fiscal year, MX:CLF's free cash flow was decreased by $-152.00M and operating cash flow was $224.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.95 | 2.08 | 1.89 | 2.09 | 2.15 |
| Quick Ratio | 0.50 | 0.55 | 0.62 | 0.65 | 0.69 |
| Cash Ratio | 0.02 | 0.02 | 0.06 | 0.01 | 0.01 |
| Solvency Ratio | -0.02 | 0.01 | 0.15 | 0.22 | 0.29 |
| Operating Cash Flow Ratio | -0.14 | 0.03 | 0.64 | 0.68 | 0.78 |
| Short-Term Operating Cash Flow Coverage | -4.02 | 0.93 | 24.81 | 17.82 | 18.95 |
| Net Current Asset Value | $ -7.25B | $ -7.14B | $ -2.78B | $ -3.29B | $ -5.55B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.41 | 0.37 | 0.20 | 0.25 | 0.31 |
| Debt-to-Equity Ratio | 1.34 | 1.17 | 0.46 | 0.60 | 1.06 |
| Debt-to-Capital Ratio | 0.57 | 0.54 | 0.31 | 0.38 | 0.51 |
| Long-Term Debt-to-Capital Ratio | 0.55 | 0.51 | 0.28 | 0.35 | 0.49 |
| Financial Leverage Ratio | 3.27 | 3.14 | 2.22 | 2.41 | 3.46 |
| Debt Service Coverage Ratio | 0.57 | 1.27 | 4.51 | 6.51 | 8.82 |
| Interest Coverage Ratio | -2.28 | -2.04 | 2.34 | 7.03 | 11.91 |
| Debt to Market Cap | 1.16 | 1.59 | 0.31 | 0.52 | 0.44 |
| Interest Debt Per Share | 17.81 | 16.96 | 7.61 | 9.59 | 10.99 |
| Net Debt to EBITDA | -46.37 | 20.42 | 1.82 | 1.51 | 1.14 |
| Profitability Margins | |||||
| Gross Profit Margin | -4.10% | 0.36% | 6.32% | 10.95% | 22.18% |
| EBIT Margin | -7.58% | -2.99% | 4.03% | 9.01% | 20.25% |
| EBITDA Margin | -0.94% | 1.97% | 8.45% | 13.51% | 24.67% |
| Operating Profit Margin | -7.29% | -3.94% | 3.08% | 8.43% | 19.62% |
| Pretax Profit Margin | -10.77% | -4.92% | 2.71% | 7.81% | 18.60% |
| Net Profit Margin | -7.94% | -3.93% | 1.81% | 5.81% | 14.62% |
| Continuous Operations Profit Margin | -7.65% | -3.69% | 2.04% | 5.97% | 14.82% |
| Net Income Per EBT | 73.75% | 79.96% | 66.83% | 74.33% | 78.57% |
| EBT Per EBIT | 147.79% | 124.74% | 88.18% | 92.63% | 94.79% |
| Return on Assets (ROA) | -7.39% | -3.60% | 2.28% | 7.12% | 15.75% |
| Return on Equity (ROE) | -24.17% | -11.31% | 5.06% | 17.14% | 54.43% |
| Return on Capital Employed (ROCE) | -8.11% | -4.29% | 4.83% | 12.75% | 26.03% |
| Return on Invested Capital (ROIC) | -5.72% | -3.20% | 3.61% | 9.66% | 20.54% |
| Return on Tangible Assets | -8.66% | -4.19% | 2.44% | 7.67% | 16.94% |
| Earnings Yield | -22.61% | -16.71% | 3.83% | 15.97% | 24.57% |
| Efficiency Ratios | |||||
| Receivables Turnover | 12.91 | 12.17 | 11.95 | 11.73 | 9.49 |
| Payables Turnover | 10.23 | 9.52 | 9.82 | 9.36 | 7.67 |
| Inventory Turnover | 4.06 | 3.75 | 4.62 | 3.99 | 3.07 |
| Fixed Asset Turnover | 1.96 | 1.93 | 2.47 | 2.53 | 2.23 |
| Asset Turnover | 0.93 | 0.92 | 1.25 | 1.23 | 1.08 |
| Working Capital Turnover Ratio | 5.54 | 5.72 | 6.28 | 5.77 | 6.33 |
| Cash Conversion Cycle | 82.52 | 88.91 | 72.36 | 83.61 | 109.92 |
| Days of Sales Outstanding | 28.28 | 29.98 | 30.53 | 31.12 | 38.46 |
| Days of Inventory Outstanding | 89.91 | 97.27 | 79.01 | 91.47 | 119.02 |
| Days of Payables Outstanding | 35.67 | 38.34 | 37.18 | 38.98 | 47.56 |
| Operating Cycle | 118.19 | 127.25 | 109.54 | 122.59 | 157.48 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -0.94 | 0.22 | 4.38 | 4.67 | 4.99 |
| Free Cash Flow Per Share | -2.08 | -1.23 | 3.11 | 2.85 | 3.72 |
| Dividend Paid and CapEx Coverage Ratio | -0.82 | 0.15 | 3.46 | 2.57 | 3.95 |
| Capital Expenditure Coverage Ratio | -0.82 | 0.15 | 3.46 | 2.57 | 3.95 |
| Operating Cash Flow Coverage Ratio | -0.06 | 0.01 | 0.62 | 0.52 | 0.48 |
| Operating Cash Flow to Sales Ratio | -0.02 | 0.01 | 0.10 | 0.11 | 0.14 |
| Free Cash Flow Yield | -15.65% | -13.08% | 15.24% | 17.70% | 17.11% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -4.43 | -5.98 | 26.10 | 6.26 | 4.07 |
| Price-to-Sales (P/S) Ratio | 0.35 | 0.24 | 0.47 | 0.36 | 0.59 |
| Price-to-Book (P/B) Ratio | 1.07 | 0.68 | 1.32 | 1.07 | 2.21 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -6.39 | -7.65 | 6.56 | 5.65 | 5.85 |
| Price-to-Operating Cash Flow Ratio | -14.15 | 42.97 | 4.66 | 3.45 | 4.37 |
| Price-to-Earnings Growth (PEG) Ratio | -0.05 | 0.02 | -0.37 | -0.12 | -0.00 |
| Enterprise Value Multiple | -83.71 | 32.35 | 7.43 | 4.20 | 3.55 |
| Enterprise Value | 14.65B | 12.23B | 13.81B | 13.04B | 17.91B |
| EV to EBITDA | -83.71 | 32.35 | 7.43 | 4.20 | 3.55 |
| EV to Sales | 0.79 | 0.64 | 0.63 | 0.57 | 0.88 |
| EV to Free Cash Flow | -14.32 | -20.73 | 8.70 | 8.81 | 8.61 |
| EV to Operating Cash Flow | -31.71 | 116.48 | 6.18 | 5.38 | 6.43 |
| Tangible Book Value Per Share | 6.86 | 8.25 | 13.56 | 12.91 | 7.94 |
| Shareholders’ Equity Per Share | 12.43 | 13.88 | 15.46 | 15.01 | 9.83 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.29 | 0.25 | 0.25 | 0.24 | 0.20 |
| Revenue Per Share | 37.81 | 39.97 | 43.13 | 44.29 | 36.60 |
| Net Income Per Share | -3.00 | -1.57 | 0.78 | 2.57 | 5.35 |
| Tax Burden | 0.74 | 0.80 | 0.67 | 0.74 | 0.79 |
| Interest Burden | 1.42 | 1.65 | 0.67 | 0.87 | 0.92 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 0.32 | -0.14 | 5.61 | 1.82 | 0.93 |
Currency in USD
