Cleveland Historical Balance Sheet

CLF Stock  USD 22.74  0.61  2.76%   
Trend analysis of Cleveland Cliffs balance sheet accounts such as Short Long Term Debt Total of 3.3 B, Other Current Liabilities of 1.5 B or Total Current Liabilities of 3.7 B provides information on Cleveland Cliffs' total assets, liabilities, and equity, which is the actual value of Cleveland-Cliffs to its prevalent stockholders. By breaking down trends over time using Cleveland Cliffs balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Cleveland-Cliffs latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cleveland-Cliffs is a good buy for the upcoming year.

Cleveland Cliffs Inventory

4.68 Billion

  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.

About Cleveland Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Cleveland-Cliffs at a specified time, usually calculated after every quarter, six months, or one year. Cleveland Cliffs Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cleveland Cliffs and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Cleveland currently owns. An asset can also be divided into two categories, current and non-current.

Cleveland Cliffs Balance Sheet Chart

Cleveland Cliffs Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Cleveland-Cliffs uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Cleveland Cliffs' Other Current Liabilities is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Total Current Liabilities is estimated to increase to about 3.7 B, while Other Current Assets are projected to decrease to roughly 98.4 M.

Total Assets

Total assets refers to the total amount of Cleveland Cliffs assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cleveland-Cliffs books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Cleveland Cliffs balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cleveland Cliffs are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most accounts from Cleveland Cliffs' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Cleveland-Cliffs current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.At this time, Cleveland Cliffs' Other Current Liabilities is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Total Current Liabilities is estimated to increase to about 3.7 B, while Other Current Assets are projected to decrease to roughly 98.4 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total5.2B4.2B3.1B3.3B
Total Assets19.0B18.8B17.5B18.4B

Cleveland Cliffs balance sheet Correlations

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0.910.510.760.810.880.540.85-0.350.890.18-0.350.730.610.570.730.61-0.030.670.960.740.010.780.590.590.52
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0.820.980.740.780.540.750.29-0.480.780.61-0.480.670.520.970.720.8-0.610.950.730.710.360.70.490.490.82
0.680.250.510.430.850.820.29-0.310.790.02-0.310.310.120.310.310.510.060.360.790.32-0.180.370.10.10.16
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0.410.620.290.380.180.320.610.02-0.220.35-0.220.40.390.650.430.49-0.850.580.270.440.230.360.270.270.57
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0.820.630.80.970.730.560.670.31-0.470.630.4-0.460.930.690.990.53-0.320.820.730.990.240.990.90.90.82
0.680.510.650.860.610.390.520.12-0.220.470.39-0.220.930.570.910.29-0.230.690.580.930.240.910.970.970.75
0.850.960.790.80.570.760.970.31-0.410.810.65-0.410.690.570.750.7-0.670.980.740.750.340.740.570.570.91
0.840.670.80.980.730.590.720.31-0.520.660.43-0.520.990.910.750.55-0.380.860.750.990.30.990.90.90.88
0.720.760.530.610.610.750.80.51-0.540.730.49-0.540.530.290.70.55-0.340.70.720.550.240.540.190.190.47
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0.910.930.860.910.670.780.950.36-0.460.840.58-0.460.820.690.980.860.7-0.590.810.860.340.850.70.70.94
0.970.70.850.850.960.960.730.79-0.420.970.27-0.420.730.580.740.750.72-0.190.810.760.110.790.570.570.65
0.850.680.810.980.740.60.710.32-0.440.670.44-0.440.990.930.750.990.55-0.340.860.760.310.990.910.910.86
0.190.390.10.280.010.080.36-0.180.050.110.230.050.240.240.340.30.24-0.240.340.110.310.250.210.210.32
0.870.650.830.990.780.630.70.37-0.50.70.36-0.50.990.910.740.990.54-0.30.850.790.990.250.910.910.86
0.670.470.690.860.590.380.490.1-0.250.460.27-0.250.90.970.570.90.19-0.20.70.570.910.210.911.00.8
0.670.470.690.860.590.380.490.1-0.250.460.27-0.250.90.970.570.90.19-0.20.70.570.910.210.911.00.8
0.790.790.820.870.520.580.820.16-0.460.660.57-0.460.820.750.910.880.47-0.650.940.650.860.320.860.80.8
Click cells to compare fundamentals

Cleveland Cliffs Account Relationship Matchups

Cleveland Cliffs balance sheet Accounts

201920202021202220232024 (projected)
Total Assets3.5B16.8B19.0B18.8B17.5B18.4B
Short Long Term Debt Total2.1B5.4B5.2B4.2B3.1B3.3B
Other Current Liab216.2M1.2B1.3B637M1.4B1.5B
Total Current Liabilities409.4M2.9B3.6B3.5B3.5B3.7B
Total Stockholder Equity357.9M2.0B5.8B8.0B7.9B8.3B
Property Plant And Equipment Net1.9B8.7B9.2B9.1B8.9B9.3B
Net Debt1.8B5.3B5.2B4.2B2.9B3.1B
Retained Earnings(2.8B)(3.0B)(1M)1.3B1.7B1.8B
Cash352.6M112M48M26M198M269.6M
Non Current Assets Total2.6B11.5B11.3B11.3B10.9B11.4B
Non Currrent Assets Other217.4M682M1.0B410M38M36.1M
Cash And Short Term Investments352.6M112M48M26M198M277.3M
Net Receivables152.6M1.2B2.2B2.0B1.8B1.9B
Common Stock Shares Outstanding284.5M378.7M558M524M511M536.6M
Liabilities And Stockholders Equity3.5B16.8B19.0B18.8B17.5B18.4B
Non Current Liabilities Total2.7B11.5B9.6B7.2B5.9B6.2B
Inventory317.4M3.8B5.2B5.1B4.5B4.7B
Other Current Assets29.5M165M263M306M138M98.4M
Other Stockholder Equity3.5B(11.7B)(13.9B)4.8B4.4B4.7B
Total Liab3.1B14.4B13.2B10.7B9.4B9.9B
Property Plant And Equipment Gross1.9B8.7B11.5B12.4B12.9B13.6B
Total Current Assets897.9M5.3B7.7B7.4B6.6B7.0B
Accumulated Other Comprehensive Income(318.8M)(133M)618M1.8B1.7B1.7B
Short Term Debt(22.1M)144M147M136M90M87.2M
Accounts Payable193.2M1.6B2.1B2.2B2.1B2.2B
Other Liab576.1M5.4B4.0B2.6B3.0B3.1B
Other Assets678.6M1.3B671M1.1B1.3B1.4B
Long Term Debt2.1B5.4B5.2B4.2B3.1B2.6B
Treasury Stock(390.7M)(354M)(82M)(310M)(279M)(293.0M)
Property Plant Equipment1.9B8.7B9.2B9.1B10.4B11.0B
Current Deferred Revenue22.1M7M25M590M(90M)(85.5M)
Intangible Assets48M188M221M214M201M131.1M
Retained Earnings Total Equity(2.8B)(3.0B)(1M)1.3B1.2B1.3B

Cleveland Cliffs Investors Sentiment

The influence of Cleveland Cliffs' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cleveland. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cleveland Cliffs' public news can be used to forecast risks associated with an investment in Cleveland. The trend in average sentiment can be used to explain how an investor holding Cleveland can time the market purely based on public headlines and social activities around Cleveland Cliffs. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cleveland Cliffs' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cleveland Cliffs' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cleveland Cliffs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cleveland Cliffs.

Cleveland Cliffs Implied Volatility

    
  56.6  
Cleveland Cliffs' implied volatility exposes the market's sentiment of Cleveland Cliffs stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cleveland Cliffs' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cleveland Cliffs stock will not fluctuate a lot when Cleveland Cliffs' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cleveland Cliffs in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cleveland Cliffs' short interest history, or implied volatility extrapolated from Cleveland Cliffs options trading.

Pair Trading with Cleveland Cliffs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cleveland Cliffs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cleveland Cliffs will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cleveland Stock

  0.8NUE Nucor Corp Financial Report 18th of April 2024 PairCorr

Moving against Cleveland Stock

  0.58NC NACCO IndustriesPairCorr
  0.47NB NioCorp DevelopmentsPairCorr
  0.42X United States Steel Financial Report 25th of April 2024 PairCorr
The ability to find closely correlated positions to Cleveland Cliffs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cleveland Cliffs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cleveland Cliffs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cleveland Cliffs to buy it.
The correlation of Cleveland Cliffs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cleveland Cliffs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cleveland-Cliffs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cleveland Cliffs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Cleveland-Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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Is Cleveland Cliffs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.792
Earnings Share
0.78
Revenue Per Share
43.129
Quarterly Revenue Growth
0.013
Return On Assets
0.0329
The market value of Cleveland-Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.