Cleveland-Cliffs Inc. (CLF) is currently priced at $10.07, with a price decrease of 53.5 cents (-5.04%) from the previous close of $10.61. Trading volume is at $8.21 million, 39.04% above the average.
CLF's latest quarterly earnings report, announced on Sunday, April 19th, shows a consensus EPS estimate of -0.39.
The company's cash flow indicates operating cash flow of -$325 million, free cash flow of -$477 million, and a net change in cash of -$12 million.
CLF reported revenue of $4.92 billion, operating expenses of $125 million, and a net income of -$237 million. The EPS stands at -42 cents.
Key ratios show a quick ratio of 0.64, net profit margin of -4.82%, and a price to book ratio of 0.82.
With total assets at $20.11 billion and total liabilities at $14 billion, CLF holds a net debt of $7.72 billion.
This real-time financial report provides insights into Cleveland-Cliffs Inc.'s current financial standing, reflecting its performance indicators and market movements.
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.