Cleveland Cliffs Stock Current Asset
| CLF Stock | USD 21.24 0.40 1.85% |
Cleveland Cliffs fundamentals help investors to digest information that contributes to Cleveland Cliffs' financial success or failures. It also enables traders to predict the movement of Cleveland Stock. The fundamental analysis module provides a way to measure Cleveland Cliffs' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cleveland Cliffs stock.
At this time, Cleveland Cliffs' Non Current Assets Total are most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Total Current Assets is estimated to increase to about 7 B, while Other Current Assets are projected to decrease to roughly 98.4 M. Cleveland | Current Asset |
Cleveland Cliffs Company Current Asset Analysis
Cleveland Cliffs' Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Cleveland Cliffs Current Asset | 982.7 M |
Most of Cleveland Cliffs' fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cleveland Cliffs is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cleveland Current Asset Historical Pattern
Today, most investors in Cleveland Cliffs Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cleveland Cliffs' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Cleveland Cliffs current asset as a starting point in their analysis.
Cleveland Cliffs Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Cleveland Total Assets
Total Assets |
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In accordance with the recently published financial statements, Cleveland Cliffs has a Current Asset of 982.7 M. This is 81.67% lower than that of the Metals & Mining sector and 86.9% lower than that of the Materials industry. The current asset for all United States stocks is 89.48% higher than that of the company.
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Cleveland Fundamentals
| Return On Equity | 0.0556 | ||||
| Return On Asset | 0.0329 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 14.23 B | ||||
| Shares Outstanding | 475.46 M | ||||
| Shares Owned By Insiders | 1.63 % | ||||
| Shares Owned By Institutions | 72.45 % | ||||
| Number Of Shares Shorted | 31.19 M | ||||
| Price To Earning | 3.23 X | ||||
| Price To Book | 1.30 X | ||||
| Price To Sales | 0.47 X | ||||
| Revenue | 22 B | ||||
| Gross Profit | 2.52 B | ||||
| EBITDA | 2 B | ||||
| Net Income | 450 M | ||||
| Cash And Equivalents | 26 M | ||||
| Cash Per Share | 0.11 X | ||||
| Total Debt | 3.14 B | ||||
| Debt To Equity | 0.61 % | ||||
| Current Ratio | 2.33 X | ||||
| Book Value Per Share | 15.62 X | ||||
| Cash Flow From Operations | 2.27 B | ||||
| Short Ratio | 3.65 X | ||||
| Earnings Per Share | 0.78 X | ||||
| Price To Earnings To Growth | (0.22) X | ||||
| Target Price | 21.96 | ||||
| Number Of Employees | 28 K | ||||
| Beta | 2.04 | ||||
| Market Capitalization | 10.1 B | ||||
| Total Asset | 17.54 B | ||||
| Retained Earnings | 1.73 B | ||||
| Working Capital | 3.13 B | ||||
| Current Asset | 982.7 M | ||||
| Current Liabilities | 581.7 M | ||||
| Net Asset | 17.54 B |
About Cleveland Cliffs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cleveland Cliffs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cleveland Cliffs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cleveland Cliffs based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.67 | AA | Alcoa Corp Earnings Call Tomorrow | PairCorr |
| 0.7 | ASIX | AdvanSix Financial Report 3rd of May 2024 | PairCorr |
| 0.76 | ASPI | ASP Isotopes Common Financial Report 17th of May 2024 | PairCorr |
| 0.66 | AG | First Majestic Silver Financial Report 2nd of May 2024 | PairCorr |
Moving against Cleveland Stock
| 0.8 | NC | NACCO Industries | PairCorr |
| 0.78 | VALE | Vale SA ADR Sell-off Trend | PairCorr |
| 0.65 | X | 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.Check out Cleveland Cliffs Piotroski F Score and Cleveland Cliffs Altman Z Score 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Cleveland Stock analysis
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.