Cleveland-Cliffs Inc (CLF)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,065,000 | 3,774,000 | 3,507,000 | 3,664,000 | 3,137,000 | 3,458,000 | 3,963,000 | 4,559,000 | 4,249,000 | 4,475,000 | 4,668,000 | 5,028,000 | 5,238,000 | 5,350,000 | 5,368,000 | 5,734,000 | 5,390,000 | 4,309,800 | 4,451,600 | 4,357,100 |
| Total assets | US$ in thousands | 20,947,000 | 16,796,000 | 16,928,000 | 17,236,000 | 17,537,000 | 18,059,000 | 18,303,000 | 18,652,000 | 18,755,000 | 19,688,000 | 20,039,000 | 19,768,000 | 18,975,000 | 18,066,000 | 17,746,000 | 17,215,000 | 16,771,000 | 8,480,900 | 8,490,700 | 8,912,300 |
| Debt-to-assets ratio | 0.34 | 0.22 | 0.21 | 0.21 | 0.18 | 0.19 | 0.22 | 0.24 | 0.23 | 0.23 | 0.23 | 0.25 | 0.28 | 0.30 | 0.30 | 0.33 | 0.32 | 0.51 | 0.52 | 0.49 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,065,000K ÷ $20,947,000K
= 0.34
The debt-to-assets ratio of Cleveland-Cliffs Inc has shown a general declining trend over the years, indicating a decreasing reliance on debt to finance its assets. The ratio decreased from 0.49 as of March 31, 2020, to 0.18 as of December 31, 2024. This reduction may suggest that Cleveland-Cliffs Inc has been effectively managing its debt levels in relation to its total assets, potentially improving its financial stability and creditworthiness. A lower debt-to-assets ratio typically signifies a healthier financial position, as it indicates the company has a lower proportion of debt relative to its total assets, which could lead to lower financial risk.
Peer comparison
Dec 31, 2024