Cleveland-Cliffs Quarterly Balance Sheet
NYSE: CLFBasic MaterialsMetal MiningUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Cleveland-Cliffs financial position
As of Jun 30, 2026, Cleveland-Cliffs reported total assets of $20.11 billion, down 1.7% from a year earlier against total liabilities of $14.30 billion. Shareholders' equity stood at $5.60 billion, or 27.9% of assets. The company held $70.0 million in cash and equivalents against $7.70 billion of debt, a net debt position of $7.63 billion.
The current ratio (current assets divided by current liabilities) was 1.89, meaning short-term assets cover obligations due within a year. Debt-to-equity was 1.37.
Summary generated from market data by MetaCap's automated system. Methodology
Cleveland-Cliffs balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 70.00M | 45.00M | 57.00M | 66.00M | 61.00M | 57.00M | 54.00M | 39.00M | 110.00M | 30.00M | 198.00M | 31.00M |
| Receivables | 2.04B | 1.88B | 1.44B | 1.80B | 1.78B | 1.80B | 1.58B | 1.58B | 1.77B | 1.87B | 1.84B | 2.12B |
| Inventory | 4.53B | 4.59B | 4.77B | 4.68B | 4.70B | 4.89B | 5.09B | 4.24B | 4.20B | 4.45B | 4.46B | 4.59B |
| Total Current Assets | 6.81B | 6.71B | 6.43B | 6.69B | 6.69B | 6.96B | 6.91B | 6.03B | 6.19B | 6.47B | 6.64B | 6.94B |
| Property, Plant & Equipment | 9.24B | 9.35B | 9.48B | 9.51B | 9.62B | 9.80B | 9.94B | 8.69B | 8.73B | 8.77B | 8.89B | 8.84B |
| Goodwill | 1.78B | 1.80B | 1.81B | 1.80B | 1.81B | 1.77B | 1.77B | 1.00B | 1.00B | 1.00B | 1.00B | 1.13B |
| Intangible Assets | 1.06B | 1.10B | 1.14B | 1.14B | 1.19B | 1.15B | 1.17B | 191.00M | 194.00M | 197.00M | 201.00M | 204.00M |
| Total Assets | 20.11B | 20.11B | 20.01B | 20.29B | 20.47B | 20.84B | 20.95B | 16.80B | 16.93B | 17.24B | 17.54B | 18.06B |
| Accounts Payable | 2.16B | 2.01B | 1.89B | 1.91B | 1.95B | 2.02B | 2.01B | 1.98B | 2.08B | 2.05B | 2.10B | 2.08B |
| Total Current Liabilities | 3.61B | 3.32B | 3.30B | 3.28B | 3.28B | 3.27B | 3.36B | 3.25B | 3.32B | 3.40B | 3.51B | 3.29B |
| Long-Term Debt | 7.70B | 7.76B | 7.25B | 8.04B | 7.73B | 7.60B | 7.07B | 3.77B | 3.51B | 3.66B | 3.14B | 3.46B |
| Total Liabilities | 14.30B | 14.10B | 13.69B | 14.58B | 14.43B | 14.35B | 14.08B | 9.70B | 9.56B | 9.79B | 9.41B | 9.79B |
| Shareholders' Equity | 5.60B | 5.82B | 6.12B | 5.47B | 5.82B | 6.25B | 6.63B | 6.85B | 7.11B | 7.20B | 7.89B | 8.02B |
| Retained Earnings | -911.00M | -766.00M | -529.00M | -286.00M | 1.00M | 484.00M | 949.00M | 1.43B | 1.67B | 1.67B | 1.73B | 1.89B |
| Total Debt | 7.70B | 7.76B | 7.25B | 8.04B | 7.73B | 7.60B | 7.07B | 3.77B | 3.51B | 3.66B | 3.14B | 3.46B |
| Net Cash (Debt) | -7.63B | -7.72B | -7.20B | -7.97B | -7.67B | -7.54B | -7.01B | -3.73B | -3.40B | -3.63B | -2.94B | -3.43B |
| Shares Outstanding | 570.53M | 570.40M | 569.76M | 494.70M | 494.68M | 494.49M | 493.95M | 468.07M | 468.04M | 475.47M | 504.89M | 504.85M |
This table shows 12 quarterly periods of Cleveland-Cliffs's balance sheet, from Q2 2026 back to Q3 2023, 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?