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ClevelandCliffs (CLF)

(Delayed Data from NYSE)

$18.32 USD

18.32
14,390,501

-0.23 (-1.24%)

Updated Apr 24, 2024 04:00 PM ET

After-Market: $18.23 -0.09 (-0.49%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value A Growth C Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 38% (95 out of 252)

Industry: Mining - Miscellaneous

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Better trading starts here.

Balance Sheet

Research for CLF

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for ClevelandCliffs Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 198 26 48 112 353
Receivables 1,840 1,960 2,154 1,193 153
Notes Receivable 0 0 0 0 0
Inventories 4,460 5,130 5,188 3,828 317
Other Current Assets 138 306 263 165 75
Total Current Assets 6,636 7,422 7,653 5,298 898
Net Property & Equipment 8,895 9,070 9,186 8,743 1,929
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 63
Deferred Charges 0 0 0 537 460
Intangibles 1,005 1,130 1,116 1,406 0
Deposits & Other Assets 1,001 1,133 1,020 787 155
Total Assets 17,537 18,755 18,975 16,771 3,504
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2,099 2,186 2,073 1,575 193
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 891 429 585 460 126
Income Taxes Payable 0 0 138 147 38
Other Current Liabilities 518 934 765 747 52
Total Current Liabilities 3,508 3,549 3,561 2,929 409
Mortgages 0 0 0 0 0
Deferred Taxes/Income 639 590 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,137 4,249 5,238 5,390 2,114
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 2,131 2,325 4,402 5,373 623
Minority Interest (Liabilities) 0 0 0 738 0
Total Liabilities 9,415 10,713 13,201 14,430 3,146
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 66 66 63 63 38
Capital Surplus 4,861 4,871 4,892 5,431 3,872
Retained Earnings 1,733 1,334 -1 -2,989 -2,842
Other Equity 1,892 2,081 902 190 -319
Treasury Stock 430 310 82 354 391
Total Shareholder's Equity 8,122 8,042 5,774 2,341 358
Total Liabilities & Shareholder's Equity 17,537 18,755 18,975 16,771 3,504
Total Common Equity 8,122 8,042 5,774 2,341 358
Shares Outstanding 504.86 515.30 500.00 399.20 270.00
Book Value Per Share 16.09 15.61 11.55 5.86 1.33

Fiscal Year End for ClevelandCliffs Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 198 31 34 59
Receivables NA 1,840 2,122 2,290 2,216
Notes Receivable NA 0 0 0 0
Inventories NA 4,460 4,592 4,727 4,923
Other Current Assets NA 138 196 114 246
Total Current Assets NA 6,636 6,941 7,165 7,444
Net Property & Equipment NA 8,895 8,837 8,878 8,950
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 1,005 1,130 1,130 1,130
Deposits & Other Assets NA 1,001 1,151 1,130 1,128
Total Assets NA 17,537 18,059 18,303 18,652
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 2,099 2,076 2,116 2,173
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 891 730 716 659
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 518 488 576 628
Total Current Liabilities NA 3,508 3,294 3,408 3,460
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 639 662 545 527
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,137 3,458 3,963 4,559
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 2,381 2,343 2,313
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 9,415 9,795 10,259 10,859
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 66 66 66 66
Capital Surplus NA 4,861 4,850 4,841 4,832
Retained Earnings NA 1,733 1,888 1,624 1,277
Other Equity NA 1,892 1,891 1,885 1,898
Treasury Stock NA 430 431 372 280
Total Shareholder's Equity NA 8,122 8,264 8,044 7,793
Total Liabilities & Shareholder's Equity NA 17,537 18,059 18,303 18,652
Total Common Equity 0 8,122 8,264 8,044 7,793
Shares Outstanding 475.46 504.86 504.80 508.60 515.00
Book Value Per Share 0.00 16.09 16.37 15.82 15.13