Cleveland-Cliffs Balance Sheet
NYSE: CLFBasic MaterialsMetal MiningUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Cleveland-Cliffs financial position
At the end of fiscal 2025, Cleveland-Cliffs reported total assets of $20.01 billion, down 4.5% from a year earlier against total liabilities of $13.69 billion. Shareholders' equity stood at $6.12 billion, or 30.6% of assets. The company held $57.0 million in cash and equivalents against $7.25 billion of debt, a net debt position of $7.20 billion.
The current ratio (current assets divided by current liabilities) was 1.95, meaning short-term assets cover obligations due within a year. Debt-to-equity was 1.19.
Summary generated from market data by MetaCap's automated system. Methodology
Cleveland-Cliffs balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 57.00M | 54.00M | 198.00M | 26.00M | 48.00M | 112.00M | 353.00M | 823.20M | 978.30M | 312.80M |
| Receivables | 1.44B | 1.58B | 1.84B | 1.96B | 2.15B | 1.17B | 94.00M | 226.70M | 106.70M | 128.70M |
| Inventory | 4.77B | 5.09B | 4.46B | 5.13B | 5.19B | 3.83B | 317.00M | 181.10M | 138.40M | 178.40M |
| Total Current Assets | 6.43B | 6.91B | 6.64B | 7.42B | 7.65B | 5.30B | 898.00M | 1.48B | 1.54B | 824.60M |
| Property, Plant & Equipment | 9.48B | 9.94B | 8.89B | 9.07B | 9.19B | 8.74B | 1.93B | 1.29B | 1.03B | 984.40M |
| Goodwill | 1.81B | 1.77B | 1.00B | 1.13B | 1.12B | 1.41B | 2.00M | — | — | — |
| Intangible Assets | 1.14B | 1.17B | 201.00M | 214.00M | 221.00M | 188.00M | 48.10M | — | — | 53.80M |
| Total Assets | 20.01B | 20.95B | 17.54B | 18.75B | 18.98B | 16.77B | 3.50B | 3.53B | 2.95B | 1.92B |
| Accounts Payable | 1.89B | 2.01B | 2.10B | 2.19B | 2.07B | 1.57B | 193.00M | 186.80M | 99.50M | 107.60M |
| Short-Term Debt | — | — | — | — | — | 34.00M | — | — | — | 17.50M |
| Total Current Liabilities | 3.30B | 3.36B | 3.51B | 3.55B | 3.56B | 2.93B | 409.00M | 468.20M | 452.20M | 391.10M |
| Long-Term Debt | 7.25B | 7.07B | 3.14B | 4.25B | 5.24B | 5.39B | 2.11B | 2.09B | 2.30B | 2.18B |
| Total Liabilities | 13.69B | 14.08B | 9.41B | 10.71B | 13.20B | 13.69B | 3.15B | 3.11B | 3.40B | 3.25B |
| Shareholders' Equity | 6.12B | 6.63B | 7.89B | 7.79B | 5.49B | 2.02B | 358.00M | 424.20M | -444.30M | -1.46B |
| Retained Earnings | -529.00M | 949.00M | 1.73B | 1.33B | -1.00M | -2.99B | -2.84B | -3.06B | -4.21B | -4.57B |
| Total Debt | 7.25B | 7.07B | 3.14B | 4.25B | 5.24B | 5.42B | 2.11B | 2.09B | 2.30B | 2.19B |
| Net Cash (Debt) | -7.20B | -7.01B | -2.94B | -4.22B | -5.19B | -5.31B | -1.76B | -1.27B | -1.33B | -1.88B |
| Shares Outstanding | 569.76M | 493.95M | 504.89M | 513.34M | 500.16M | 477.52M | 270.08M | 292.61M | 297.40M | 233.07M |
This table shows 10 annual periods of Cleveland-Cliffs's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow CLF's reporting calendar. What is a balance sheet?