Cleveland-Cliffs (CLF) Interest Expenses (2009 - 2012)
Cleveland-Cliffs' (CLF) quarterly Interest Expenses came in at $47.2 million in Q3 2012, down 4.45% year-over-year from $49.4 million in Q4 2011, and little changed quarter-over-quarter from $47.1 million in Q2 2012.
Analysis
Cleveland-Cliffs (CLF) Interest Expenses (2009 - 2012) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Interest Expenses for 4 consecutive years, with $47.2 million the latest figure, recorded in Q3 2012.
- On a quarterly basis, Interest Expenses fell 4.45% year-over-year to $47.2 million in Q3 2012; TTM through Sep 2012 was $189.9 million, a 4.19% decrease from a year earlier, with the FY2011 full-year figure at $216.5 million, up 208.84% from the prior year.
- Interest Expenses was $47.2 million for Q3 2012 at Cleveland-Cliffs, roughly flat from $47.1 million in the prior quarter.
- Over five years, Interest Expenses peaked at $81.3 million in Q2 2011 and troughed at $9.7 million in Q4 2009.
- A 4-year average of $32.8 million and a median of $33.8 million in 2010 frame the typical range for Interest Expenses.
- Across the five-year window, Interest Expenses soared 511.28% in 2011 and tumbled 42.07% in 2012, its largest moves.
- Over 4 years, Interest Expenses stood at $9.7 million in 2009, then soared by 200.0% to $29.1 million in 2010, then jumped by 65.98% to $48.3 million in 2011, then retreated by 2.28% to $47.2 million in 2012.
- The last three Interest Expenses figures came in at $47.2 million (Q3 2012), $47.1 million (Q2 2012), and $47.3 million (Q1 2012), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 112.84 Bn | 102.94 Bn | 941.02 Mn | -50.43 Mn |
| 2 | Nucor | 58.24 Bn | 55.55 Bn | 2.03 Bn | 36.00 Mn |
| 3 | Steel Dynamics | 34.14 Bn | 33.55 Bn | 958.97 Mn | 39.12 Mn |
| 4 | Gerdau | 10.23 Bn | 9.16 Bn | 558.98 Mn | -89.44 Mn |
| 5 | Commercial Metals | 7.39 Bn | 6.83 Bn | 455.14 Mn | 40.21 Mn |
| 6 | Cleveland-Cliffs | 6.75 Bn | 6.68 Bn | 132.00 Mn | - |
| 7 | Posco Holdings | 4.67 Bn | -5.01 Bn | 1.11 Bn | -693.80 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.82 Bn | -1.00 Bn | 579.08 Mn | 558.44 Mn |
| 10 | SunCoke Energy | 866.00 Mn | 823.30 Mn | 100.40 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2012 | 47.20 Mn |
| Jun 30, 2012 | 47.10 Mn |
| Mar 31, 2012 | 47.30 Mn |
| Dec 31, 2011 | 48.30 Mn |
| Sep 30, 2011 | 49.40 Mn |
| Jun 30, 2011 | 81.30 Mn |
| Mar 31, 2011 | 38.40 Mn |
| Dec 31, 2010 | 29.10 Mn |
| Sep 30, 2010 | 17.40 Mn |
| Jun 30, 2010 | 13.30 Mn |
| Mar 31, 2010 | 10.20 Mn |
| Dec 31, 2009 | 9.70 Mn |
| Sep 30, 2009 | 10.00 Mn |
| Jun 30, 2009 | 10.00 Mn |