What is Cleveland-Cliffs Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cleveland-Cliffs's interest expense for the
three
months ended in Mar. 2025 was $ -140 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was $-446 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Cleveland-Cliffs's Operating Income for the
three
months ended in Mar. 2025 was $ -535 Mil. Cleveland-Cliffs's Interest Expense for the
three
months ended in Mar. 2025 was $ -140 Mil.
Cleveland-Cliffs did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Cleveland-Cliffs Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-446 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cleveland-Cliffs (NYSE:CLF) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Cleveland-Cliffs's Interest Expense for the
three
months ended in Mar. 2025 was $-140 Mil. Its
Operating Income
for the
three
months ended in Mar. 2025 was $-535 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2025 was $7,601 Mil.
Cleveland-Cliffs's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as
| Cleveland-Cliffs did not have earnings to cover the interest expense. |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Cleveland-Cliffs Business Description
Traded in Other Exchanges
Address
200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
Executives
| James D Graham |
officer: EVP, Chief Legal Officer & Sec |
200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114 |
| John T Baldwin |
director |
200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114 |
| Keith Koci |
officer: EVP, Chief Financial Officer |
ONE RIVERWAY, SUITE 1100, HOUSTON TX 77056 |
| Michael Ralph S Iii |
director |
|
| Goncalves Celso L Jr |
officer: EVP, CFO |
200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114 |
| Douglas C Taylor |
director |
200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114 |
| Lourenco Goncalves |
director, officer: Chairman, President & CEO |
|
| Susan Miranda Green |
director |
11211 LANDY COURT, KENSINGTON MD 20895 |
| Arlene M Yocum |
director |
99 PINE STREET, ALBANY NY 12207 |
| Terry G. Fedor |
officer: EVP, United States Iron Ore |
200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44067 |
| Clifford T Smith |
officer: EVP, Seaborne Iron Ore |
200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114 |
| Janet L Miller |
director |
200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114 |
| Fisher Robert P Jr |
director |
200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44067 |
| Arcelormittal North America Holdings Llc |
other: Former 10% Owner |
1 SOUTH DEARBORN STREET, 13TH FLOOR, CHICAGO IL 60603 |
| Rcelormittal |
other: Former 10% Owner |
24-26, BOULEVARD D?AVRANCHES, L-1160 LUXEMBOURG, GRAND DUCHY OF LUXEMBOURG N4 00000 |
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