What is Cleveland-Cliffs's current ratio?

Cleveland-Cliffs (CLF) reported current ratio of 2× in Q1 2026.

How has Cleveland-Cliffs's current ratio changed year-over-year?

Cleveland-Cliffs's current ratio decreased by 5.3% year-over-year, from 2.1× to 2×.

What is the long-term trend for Cleveland-Cliffs's current ratio?

Over 5 years (2020 to 2025), Cleveland-Cliffs's current ratio has grown at a 1.5% compound annual growth rate (CAGR), from 1.8× to 1.9×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Cleveland-Cliffs CLF Current ratio

Current ratio at other companies

Commercial MetalsCMC

2.4×-0.4×

NucorNUE

2.9×+0.4×

Steel DynamicsSTLD

3.1×+0.4×

RelianceRS

4.4×+1.2×

AlcoaAA

1.5×-0.2×

Eagle MaterialsEXP

3.7×+0.9×

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

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Return on equity-19.3%+3.1pp

Debt / equity1.3×+0.1×

Where this comes from

Calculated from Cleveland-Cliffs’s reported figures.

total current assets/total current liabilities=2×

Based on the most recent quarter.

The official record: Cleveland-Cliffs’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cleveland-Cliffs's current ratio?: Cleveland-Cliffs (CLF) reported current ratio of 2× in Q1 2026.
How has Cleveland-Cliffs's current ratio changed year-over-year?: Cleveland-Cliffs's current ratio decreased by 5.3% year-over-year, from 2.1× to 2×.
What is the long-term trend for Cleveland-Cliffs's current ratio?: Over 5 years (2020 to 2025), Cleveland-Cliffs's current ratio has grown at a 1.5% compound annual growth rate (CAGR), from 1.8× to 1.9×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.