What is Cleveland-Cliffs's eliminations — total assets?

Cleveland-Cliffs (CLF) reported eliminations — total assets of $0 in Q4 2025.

What does eliminations — total assets mean?

This represents the elimination of intercompany receivables, payables, or other asset-related balances between business segments. It is necessary to ensure that the consolidated balance sheet reflects only assets held by the company in relation to external parties. This adjustment is fundamental for calculating accurate return on asset metrics.

Cleveland-Cliffs CLF Eliminations — Total Assets

Other segment segments

Steelmaking

$19.51B-3.4%

Other Businesses

$603M-5.2%

Similar metrics at other companies

SLBEliminations Other — Total Assets

$1.09B—

TRG

TRGPCorporate Non Segment And Inter Segment Elimination — Total Assets

$257.6M+2.5%

HXLCorporate Reconciling Items And Eliminations — Total Assets

$41.1M+12.3%

MKLCorporate and eliminations — Total Assets

$4.27B—

BOther Eliminations — Long-Lived Assets

$0—

TKOEliminations — Revenue

-$9.44M+28.1%

Other financials

Income statement

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Revenue$4.9B+6.3%

Gross profit-$82.0M+79.3%

Operating income-$213.0M+60.8%

Net income-$229.0M+52.9%

EPS (diluted)-$0.42+58.4%

Balance sheet

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Cash & equivalents$45.0M-21.1%

Total debt$7.8B+2.1%

Total equity$5.8B-6.9%

Total assets$20.1B-3.5%

Cash flow

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Operating cash flow-$325.0M+7.4%

CapEx$152.0M0.0%

Free cash flow-$477.0M+5.2%

Valuation

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Market cap$7B+18.6%

Enterprise value$14.72B+8.0%

P/S0.4×+0.1×

Profitability

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Gross margin-2.9%—

Operating margin-6.6%-0.2pp

Net margin-6.2%0.0pp

FCF margin-5.3%-0.3pp

Returns & leverage

See full

Return on equity-19.3%+3.1pp

Debt / equity1.3×+0.1×

Current ratio2×-0.1×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:Assets.

The official record: Cleveland-Cliffs’s 10-K, filed February 9, 2026, on SEC EDGAR. View the filing →

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What is Cleveland-Cliffs's eliminations — total assets?: Cleveland-Cliffs (CLF) reported eliminations — total assets of $0 in Q4 2025.
What does eliminations — total assets mean?: This represents the elimination of intercompany receivables, payables, or other asset-related balances between business segments. It is necessary to ensure that the consolidated balance sheet reflects only assets held by the company in relation to external parties. This adjustment is fundamental for calculating accurate return on asset metrics.