Cleveland-Cliffs Inc (CLF)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,907,000 | 6,027,000 | 6,192,000 | 6,469,000 | 6,636,000 | 6,941,000 | 7,165,000 | 7,444,000 | 7,422,000 | 8,325,000 | 8,768,000 | 8,559,000 | 7,653,000 | 7,146,000 | 6,574,000 | 5,861,000 | 5,298,000 | 2,628,800 | 2,642,300 | 3,065,600 |
| Total current liabilities | US$ in thousands | 3,322,000 | 3,255,000 | 3,318,000 | 3,396,000 | 3,508,000 | 3,294,000 | 3,408,000 | 3,460,000 | 3,549,000 | 3,580,000 | 3,987,000 | 3,751,000 | 3,561,000 | 3,279,000 | 2,986,000 | 2,933,000 | 2,929,000 | 1,214,100 | 1,038,000 | 1,370,800 |
| Current ratio | 2.08 | 1.85 | 1.87 | 1.90 | 1.89 | 2.11 | 2.10 | 2.15 | 2.09 | 2.33 | 2.20 | 2.28 | 2.15 | 2.18 | 2.20 | 2.00 | 1.81 | 2.17 | 2.55 | 2.24 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,907,000K ÷ $3,322,000K
= 2.08
The current ratio of Cleveland-Cliffs Inc has shown fluctuations over the past few years, ranging from a low of 1.81 to a high of 2.55. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is considered a positive sign of liquidity.
Looking at the trend, we can see that the current ratio peaked at 2.55 in June 30, 2020, before experiencing some fluctuations over the subsequent quarters. Despite some variability, the company has maintained a current ratio above 2 for most periods, indicating a relatively healthy liquidity position.
In the most recent period, December 31, 2024, the current ratio stands at 2.08, which suggests the company still has a strong ability to meet its short-term obligations. However, it is important to monitor future trends to ensure the company's liquidity position remains stable and sustainable.
Peer comparison
Dec 31, 2024