Cleveland-Cliffs annual debt-to-assets ratio
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2025
Cleveland-Cliffs Debt-to-Assets Ratio Growth & History (CLF)
Cleveland-Cliffs's debt-to-assets ratio was 0.40 for fiscal 2025.
View full Cleveland-Cliffs company overviewCleveland-Cliffs annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.40 | 0.03 | +6.89% |
| 2024 | 2024-12-31 | 0.37 | 0.17 | +81.25% |
| 2023 | 2023-12-31 | 0.20 | −0.05 | −18.35% |
| 2022 | 2022-12-31 | 0.25 | −0.05 | −17.97% |
| 2021 | 2021-12-31 | 0.31 | −0.05 | −14.90% |
| 2020 | 2020-12-31 | 0.36 | −0.25 | −40.77% |
| 2019 | 2019-12-31 | 0.61 | 0.01 | +2.25% |
| 2018 | 2018-12-31 | 0.59 | −0.19 | −24.00% |
| 2017 | 2017-12-31 | 0.78 | −0.36 | −31.54% |
| 2016 | 2016-12-31 | 1.14 | −0.12 | −9.84% |
| 2015 | 2015-12-31 | 1.26 | 0.34 | +37.13% |
| 2014 | 2014-12-31 | 0.92 | 0.69 | +290.55% |
| 2013 | 2013-12-31 | 0.24 | −0.06 | −20.99% |
| 2012 | 2012-12-31 | 0.30 | 0.05 | +17.92% |
| 2011 | 2011-12-31 | 0.25 | 0.03 | +15.01% |
| 2010 | 2010-12-31 | 0.22 | 0.11 | +94.62% |
| 2009 | 2009-12-31 | 0.11 | −0.01 | −11.39% |
| 2008 | 2008-12-31 | 0.13 | — | — |
Cleveland-Cliffs quarterly debt-to-assets ratio
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| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.38 | 0.01 | +1.45% |
| Q1 2026 | 2026-03-31 | 0.39 | 0.02 | +5.79% |
| Q4 2025 | 2025-12-31 | 0.40 | 0.03 | +6.89% |
| Q3 2025 | 2025-09-30 | 0.40 | 0.17 | +76.33% |
| Q2 2025 | 2025-06-30 | 0.38 | 0.17 | +82.20% |
| Q1 2025 | 2025-03-31 | 0.36 | 0.15 | +71.61% |
| Q4 2024 | 2024-12-31 | 0.37 | 0.17 | +81.25% |
| Q3 2024 | 2024-09-30 | 0.22 | 0.03 | +17.35% |
| Q2 2024 | 2024-06-30 | 0.21 | −0.01 | −4.32% |
| Q1 2024 | 2024-03-31 | 0.21 | −0.03 | −13.03% |
| Q4 2023 | 2023-12-31 | 0.20 | −0.05 | −18.35% |
| Q3 2023 | 2023-09-30 | 0.19 | −0.04 | −15.76% |
| Q2 2023 | 2023-06-30 | 0.22 | −0.02 | −7.05% |
| Q1 2023 | 2023-03-31 | 0.24 | −0.01 | −3.90% |
| Q4 2022 | 2022-12-31 | 0.25 | −0.05 | −17.97% |
| Q3 2022 | 2022-09-30 | 0.23 | −0.07 | −23.62% |
| Q2 2022 | 2022-06-30 | 0.23 | −0.07 | −22.99% |
| Q1 2022 | 2022-03-31 | 0.25 | −0.08 | −23.64% |
| Q4 2021 | 2021-12-31 | 0.31 | −0.05 | −14.90% |
| Q3 2021 | 2021-09-30 | 0.30 | −0.23 | −43.72% |
| Q2 2021 | 2021-06-30 | 0.30 | −0.24 | −44.68% |
| Q1 2021 | 2021-03-31 | 0.33 | −0.19 | −36.44% |
| Q4 2020 | 2020-12-31 | 0.36 | −0.25 | −40.77% |
| Q3 2020 | 2020-09-30 | 0.53 | −0.08 | −12.48% |
| Q2 2020 | 2020-06-30 | 0.55 | −0.07 | −11.83% |
| Q1 2020 | 2020-03-31 | 0.52 | −0.11 | −16.99% |
| Q4 2019 | 2019-12-31 | 0.61 | 0.01 | +2.25% |
| Q3 2019 | 2019-09-30 | 0.60 | −0.13 | −17.92% |
| Q2 2019 | 2019-06-30 | 0.62 | −0.13 | −17.61% |
| Q1 2019 | 2019-03-31 | 0.63 | −0.18 | −21.71% |
| Q4 2018 | 2018-12-31 | 0.59 | −0.19 | −24.00% |
| Q3 2018 | 2018-09-30 | 0.74 | −0.14 | −16.21% |
| Q2 2018 | 2018-06-30 | 0.75 | −0.04 | −5.19% |
| Q1 2018 | 2018-03-31 | 0.81 | −0.05 | −5.50% |
| Q4 2017 | 2017-12-31 | 0.78 | −0.36 | −31.54% |
| Q3 2017 | 2017-09-30 | 0.88 | −0.37 | −29.64% |
| Q2 2017 | 2017-06-30 | 0.79 | −0.56 | −41.38% |
| Q1 2017 | 2017-03-31 | 0.85 | −0.48 | −36.05% |
| Q4 2016 | 2016-12-31 | 1.14 | −0.12 | −9.84% |
| Q3 2016 | 2016-09-30 | 1.25 | 0.05 | +4.20% |
| Q2 2016 | 2016-06-30 | 1.35 | 0.25 | +22.41% |
| Q1 2016 | 2016-03-31 | 1.33 | 0.27 | +25.16% |
| Q4 2015 | 2015-12-31 | 1.26 | 0.34 | +37.13% |
| Q3 2015 | 2015-09-30 | 1.20 | 0.52 | +77.52% |
| Q2 2015 | 2015-06-30 | 1.11 | 0.84 | +319.74% |
| Q1 2015 | 2015-03-31 | 1.07 | 0.82 | +327.56% |
| Q4 2014 | 2014-12-31 | 0.92 | 0.69 | +290.55% |
| Q3 2014 | 2014-09-30 | 0.67 | 0.43 | +175.18% |
| Q2 2014 | 2014-06-30 | 0.26 | 0.02 | +7.84% |
| Q1 2014 | 2014-03-31 | 0.25 | 0.00 | +0.38% |
| Q4 2013 | 2013-12-31 | 0.24 | −0.06 | −20.99% |
| Q3 2013 | 2013-09-30 | 0.25 | −0.01 | −3.40% |
| Q2 2013 | 2013-06-30 | 0.24 | −0.02 | −6.77% |
| Q1 2013 | 2013-03-31 | 0.25 | 0.00 | +0.77% |
| Q4 2012 | 2012-12-31 | 0.30 | 0.05 | +17.92% |
| Q3 2012 | 2012-09-30 | 0.25 | −0.03 | −10.26% |
| Q2 2012 | 2012-06-30 | 0.26 | −0.03 | −9.51% |
| Q1 2012 | 2012-03-31 | 0.25 | −0.02 | −8.53% |
| Q4 2011 | 2011-12-31 | 0.25 | 0.03 | +15.01% |
| Q3 2011 | 2011-09-30 | 0.28 | 0.04 | +16.93% |
| Q2 2011 | 2011-06-30 | 0.29 | 0.16 | +125.25% |
| Q1 2011 | 2011-03-31 | 0.27 | — | — |
| Q4 2010 | 2010-12-31 | 0.22 | 0.11 | +94.62% |
| Q3 2010 | 2010-09-30 | 0.24 | 0.13 | +107.93% |
| Q2 2010 | 2010-06-30 | 0.13 | 0.01 | +5.27% |
| Q4 2009 | 2009-12-31 | 0.11 | −0.01 | −11.39% |
| Q3 2009 | 2009-09-30 | 0.12 | — | — |
| Q2 2009 | 2009-06-30 | 0.12 | — | — |
| Q4 2008 | 2008-12-31 | 0.13 | — | — |
Cleveland-Cliffs debt-to-assets ratio trends
Over the last five fiscal years, Cleveland-Cliffs's debt-to-assets ratio increased from 0.36 to 0.40, a change of 0.04. The latest reported quarter, Q2 2026, shows 0.38.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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