Cleveland-Cliffs (CLF) Interest Coverage Ratio (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly Interest Coverage Ratio of 0.62 for Q2 2026, up 89.11% year-over-year from 0.33 in Q2 2025, and up 59.81% quarter-over-quarter from 1.54 in Q1 2026.
Cleveland-Cliffs (CLF) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Interest Coverage Ratio for 18 consecutive years, with 0.62 the latest figure, recorded in Q2 2026.
- In Q2 2026, Interest Coverage Ratio rose 89.11% year-over-year to 0.62; the TTM figure through Jun 2026 stood at 10.09 (up 49.84% YoY), while the FY2025 annual figure was 3.44, down 74.93% from the prior year.
- Interest Coverage Ratio rose to 0.62 in Q2 2026 per CLF's latest filing, from 1.54 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 13.33 in Q2 2022 and bottomed at 7.5 in Q4 2024.
- Historically, Interest Coverage Ratio has averaged 0.66 across 5 years, with a median of 0.51 in 2026.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio surged 432.83% — and 2025, when it tumbled 4939.2%.
- Cleveland-Cliffs' Interest Coverage Ratio stood at 3.79 in 2022, then soared by 121.76% to 0.83 in 2023, then slumped by 1008.9% to 7.5 in 2024, then surged by 116.17% to 1.21 in 2025, then tumbled by 151.16% to 0.62 in 2026.
- Business Quant data shows CLF's Interest Coverage Ratio at 0.62 in Q2 2026, 1.54 in Q1 2026, and 1.21 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | -27.14 |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 45.25 |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | - |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 17.91 |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 24.26 |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | - |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | -6.97 |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | -0.13 |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -3.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.62 |
| Mar 31, 2026 | -1.54 |
| Dec 31, 2025 | 1.21 |
| Sep 30, 2025 | -2.13 |
| Jun 30, 2025 | -5.69 |
| Mar 31, 2025 | -5.90 |
| Dec 31, 2024 | -7.50 |
| Sep 30, 2024 | -4.28 |
| Jun 30, 2024 | 0.12 |
| Mar 31, 2024 | -0.69 |
| Dec 31, 2023 | 0.83 |
| Sep 30, 2023 | 5.51 |
| Jun 30, 2023 | 7.79 |
| Mar 31, 2023 | -0.39 |
| Dec 31, 2022 | -3.79 |
| Sep 30, 2022 | 3.12 |
| Jun 30, 2022 | 13.33 |
| Mar 31, 2022 | 12.57 |
| Dec 31, 2021 | -6.95 |
| Sep 30, 2021 | 164.90 |