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GuruFocus has detected 3 Warning Signs with Cliffs Natural Resources Inc $CLF.
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Cliffs Natural Resources Inc (NYSE:CLF)
Total Equity
$-1,464 Mil (As of Dec. 2016)

Cliffs Natural Resources Inc's total equity for the quarter that ended in Dec. 2016 was $-1,464 Mil.

Total equity is used to calculate book value per share. Cliffs Natural Resources Inc's book value per share for the quarter that ended in Dec. 2016 was $-6.28. The ratio of a company’s debt over equity can be used to measure how leveraged this company is. Cliffs Natural Resources Inc's debt to equity ratio for the quarter that ended in Dec. 2016 was -1.49.


Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

Cliffs Natural Resources Inc's Total Equity for the fiscal year that ended in Dec. 2016 is calculated as

Total Equity=Total Assets(Q: Dec. 2016 )-Total Liabilities(Q: Dec. 2016 )
=1923.9-3388.2
=-1,464

Cliffs Natural Resources Inc's Total Equity for the quarter that ended in Dec. 2016 is calculated as

Total Equity=Total Assets(Q: Dec. 2016 )-Total Liabilities(Q: Dec. 2016 )
=1923.9-3388.2
=-1,464

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

1. Total equity is used to calculate book value per share.

Cliffs Natural Resources Inc's Book Value Per Share for the quarter that ended in Dec. 2016 is

2. The ratio of a company’s debt over equity can be used to measure how leveraged this company is.

Cliffs Natural Resources Inc's Debt to Equity Ratio for the quarter that ended in Dec. 2016 is

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(0 + 2175.1) / -1464.3
=-1.49

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Total Assets, Total Liabilities, Preferred Stock, Common Stock, Retained Earnings, Treasury Stock, Book Value per Share, Total Shares Outstanding, Current Portion of Long-Term Debt, Long-Term Debt, Additional Paid-In Capital


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cliffs Natural Resources Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Total Equity 1,1641,7512,5433,8465,7854,6336,070-1,431-1,981-1,464

Cliffs Natural Resources Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Total Equity 31-1,431-1,996-1,924-1,932-1,981-1,859-1,831-1,544-1,464
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