Cleveland-Cliffs Inc (CLF)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 54,000 | 198,000 | 26,000 | 48,000 | 112,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,322,000 | 3,508,000 | 3,549,000 | 3,561,000 | 2,929,000 |
| Cash ratio | 0.02 | 0.06 | 0.01 | 0.01 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($54,000K
+ $—K)
÷ $3,322,000K
= 0.02
The cash ratio for Cleveland-Cliffs Inc has fluctuated over the years, ranging from 0.01 to 0.06. It indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio is generally preferred as it suggests a stronger liquidity position. In 2023, the cash ratio improved to 0.06, signaling an increase in the company's ability to meet its short-term obligations with cash on hand. However, in 2024, the ratio decreased to 0.02, indicating a slight decline in liquidity compared to the previous year. Overall, while the cash ratio for Cleveland-Cliffs Inc has varied, it is essential for investors and creditors to closely monitor changes in this ratio to assess the company's financial health and ability to manage its short-term obligations.
Peer comparison
Dec 31, 2024