Cleveland-Cliffs (CLF) Long-Term Deferred Tax (2009 - 2021)
Cleveland-Cliffs (CLF) posted quarterly Long-Term Deferred Tax of $70.0 million for Q3 2021, down 86.53% year-over-year from $519.5 million in Q3 2020, and down 78.98% quarter-over-quarter from $333.0 million in Q2 2021.
Cleveland-Cliffs (CLF) Long-Term Deferred Tax (2009 - 2021) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Long-Term Deferred Tax for 10 consecutive years, with $70.0 million the latest figure, recorded in Q3 2021.
- In Q3 2021, Long-Term Deferred Tax fell 86.53% year-over-year to $70.0 million; the TTM figure through Sep 2021 stood at $70.0 million (down 86.53% YoY), while the FY2020 annual figure was $537.0 million, up 16.74% from the prior year.
- Long-Term Deferred Tax eased to $70.0 million in Q3 2021 per CLF's latest filing, from $333.0 million in the prior quarter.
- Across five years, Long-Term Deferred Tax topped out at $562.0 million in Q1 2021 and bottomed at $70.0 million in Q3 2021.
- Historically, Long-Term Deferred Tax has averaged $389.3 million across 4 years, with a median of $460.0 million in 2019.
- Annual changes were most pronounced in 2019 — Long-Term Deferred Tax surged 285.12% — and 2021, when it tumbled 86.53%.
- Cleveland-Cliffs' Long-Term Deferred Tax stood at $464.8 million in 2018, then retreated by 1.03% to $460.0 million in 2019, then increased by 16.74% to $537.0 million in 2020, then plunged by 86.96% to $70.0 million in 2021.
- Business Quant data shows CLF's Long-Term Deferred Tax at $70.0 million in Q3 2021, $333.0 million in Q2 2021, and $562.0 million in Q1 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ternium | 108.84 Bn | 98.95 Bn | 941.02 Mn |
| 2 | Nucor | 55.75 Bn | 53.05 Bn | 2.03 Bn |
| 3 | ArcelorMittal | 54.97 Bn | 50.12 Bn | - |
| 4 | Steel Dynamics | 32.99 Bn | 32.40 Bn | 958.97 Mn |
| 5 | Reliance | 19.82 Bn | 19.59 Bn | 1.30 Bn |
| 6 | Cleveland-Cliffs | 6.46 Bn | 6.39 Bn | 132.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.53 Bn | 2.97 Bn | - |
| 9 | Posco Holdings | 4.32 Bn | 1.83 Bn | 1.04 Bn |
| 10 | Worthington Steel | 1.74 Bn | 1.66 Bn | 118.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2021 | 70.00 Mn |
| Jun 30, 2021 | 333.00 Mn |
| Mar 31, 2021 | 562.00 Mn |
| Dec 31, 2020 | 537.00 Mn |
| Sep 30, 2020 | 519.50 Mn |
| Jun 30, 2020 | 506.50 Mn |
| Mar 31, 2020 | 486.40 Mn |
| Dec 31, 2019 | 460.00 Mn |
| Sep 30, 2019 | 437.50 Mn |
| Jun 30, 2019 | 443.30 Mn |
| Mar 31, 2019 | 466.60 Mn |
| Dec 31, 2018 | 464.80 Mn |
| Sep 30, 2018 | 113.60 Mn |
| Jun 30, 2018 | 219.90 Mn |
| Mar 31, 2018 | 219.90 Mn |
| Dec 31, 2014 | 175.50 Mn |
| Dec 31, 2013 | 710.50 Mn |
| Sep 30, 2013 | 5.30 Mn |
| Jun 30, 2013 | 202.80 Mn |
| Mar 31, 2013 | 137.30 Mn |