Cleveland-Cliffs (CLF) Debt Ratio (2009 - 2026)
Cleveland-Cliffs' Debt Ratio came in at 0.38 for Q2 2026, up 1.5% from 0.38 a year earlier but down 0.8% from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Cleveland-Cliffs' Debt Ratio was 0.36, up 7.5% from FY2024.
- Going back by year, Debt Ratio was 0.34 in FY2024 (+88.6%), 0.18 in FY2023 (-21.0%), 0.23 in FY2022 (-17.9%) and 0.28 in FY2021 (-14.1%).
- The five-year range for quarterly Debt Ratio is 0.18 (Q4 2023) to 0.40 (Q3 2025).
- Year-over-year, Debt Ratio has increased for eight consecutive quarters, with growth averaging 43.8% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q4 2024 (growth of 88.6%), and the weakest in Q3 2021 (a decline of 41.7%).
- Business Quant data shows CLF's Debt Ratio at 0.39 (Q1 2026), 0.36 (Q4 2025) and 0.40 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | 0.00 |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 0.33 |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 0.09 |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | 0.32 |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 0.16 |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | 0.01 |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 0.00 |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 0.19 |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | 0.24 |
| 10 | Cleveland-Cliffs | 6.40 Bn | 6.38 Bn | 132.00 Mn | 0.38 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.38 |
| Mar 31, 2026 | 0.39 |
| Dec 31, 2025 | 0.36 |
| Sep 30, 2025 | 0.40 |
| Jun 30, 2025 | 0.38 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.34 |
| Sep 30, 2024 | 0.22 |
| Jun 30, 2024 | 0.21 |
| Mar 31, 2024 | 0.21 |
| Dec 31, 2023 | 0.18 |
| Sep 30, 2023 | 0.19 |
| Jun 30, 2023 | 0.22 |
| Mar 31, 2023 | 0.24 |
| Dec 31, 2022 | 0.23 |
| Sep 30, 2022 | 0.23 |
| Jun 30, 2022 | 0.23 |
| Mar 31, 2022 | 0.25 |
| Dec 31, 2021 | 0.28 |
| Sep 30, 2021 | 0.30 |
API Access
Cleveland-Cliffs Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CLF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();