Cleveland-Cliffs (CLF) Debt Ratio (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly Debt Ratio of 0.38 for Q2 2026, up 1.45% year-over-year from 0.38 in Q2 2025, and down 0.77% quarter-over-quarter from 0.39 in Q1 2026.
Cleveland-Cliffs (CLF) Debt Ratio (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Debt Ratio for 18 consecutive years, with 0.38 the latest figure, recorded in Q2 2026.
- In Q2 2026, Debt Ratio rose 1.45% year-over-year to 0.38; the TTM figure through Jun 2026 stood at 0.38 (up 1.45% YoY), while the FY2025 annual figure was 0.36, up 7.46% from the prior year.
- Debt Ratio fell to 0.38 in Q2 2026 per CLF's latest filing, from 0.39 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.4 in Q3 2025 and bottomed at 0.18 in Q4 2023.
- Historically, Debt Ratio has averaged 0.28 across 5 years, with a median of 0.24 in 2022.
- Annual changes were most pronounced in 2022 — Debt Ratio declined 23.64% — and 2024, when it soared 88.55%.
- Cleveland-Cliffs' Debt Ratio stood at 0.23 in 2022, then declined by 21.04% to 0.18 in 2023, then jumped by 88.55% to 0.34 in 2024, then increased by 7.46% to 0.36 in 2025, then advanced by 5.66% to 0.38 in 2026.
- Business Quant data shows CLF's Debt Ratio at 0.38 in Q2 2026, 0.39 in Q1 2026, and 0.36 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | 0.16 |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 0.19 |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | 0.15 |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 0.25 |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 0.15 |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | 0.38 |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 0.12 |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | 0.00 |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | - |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | 0.10 |
Historic Data
Download 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 |