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Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.
Cleveland-Cliffs's quarterly accumulated depreciation
increased
from Dec. 2025 (MXN-104,955 Mil) to Mar. 2026 (MXN-109,044 Mil) but then
stayed the same
from Mar. 2026 (MXN-109,044 Mil) to Jun. 2026 (MXN-109,039 Mil).
Cleveland-Cliffs's annual accumulated depreciation
increased
from Dec. 2023 (MXN-68,101 Mil) to Dec. 2024 (MXN-100,295 Mil) and
increased
from Dec. 2024 (MXN-100,295 Mil) to Dec. 2025 (MXN-104,955 Mil).
Cleveland-Cliffs Accumulated Depreciation Related Terms
Cleveland-Cliffs Accumulated Depreciation Historical Data
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The historical data trend for Cleveland-Cliffs's Accumulated Depreciation can be seen below:
* 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 cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.
What does a Accumulated Depreciation of MXN-109,039 Mil mean?
Cleveland-Cliffs (MEX:CLF) has a Accumulated Depreciation of MXN-109,039 Mil as of Jun. 2026. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Cleveland-Cliffs and its competitors.
Is Cleveland-Cliffs' Accumulated Depreciation too high?
Cleveland-Cliffs' current Accumulated Depreciation is MXN-109,039 Mil. Overall, Cleveland-Cliffs has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cleveland-Cliffs' Accumulated Depreciation compare to TX and WS?
Cleveland-Cliffs' Accumulated Depreciation of MXN-109,039 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for a Steel company?
A good Accumulated Depreciation depends on the Steel industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Cleveland-Cliffs and its competitors. Cleveland-Cliffs's current Accumulated Depreciation is MXN-109,039 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleveland-Cliffs stock overvalued right now?
Based on GuruFocus' analysis, Cleveland-Cliffs (MEX:CLF) is currently considered Fairly Valued. The stock's GF Value™ is MXN190.88, compared to a current price of MXN211.50 — trading 10.8% above its estimated fair value. The current Accumulated Depreciation is MXN-109,039 Mil. Cleveland-Cliffs' overall GF Score™ is 54/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Cleveland-Cliffs (MEX:CLF), the current Accumulated Depreciation is MXN-109,039 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cleveland-Cliffs (MEX:CLF) Overvalued in 2026?
Based on GuruFocus' analysis, Cleveland-Cliffs stock appears to be overvalued.
The current stock price of MXN211.50 is trading 10.8% above its estimated GF Value™ of MXN190.88.
GuruFocus considers Cleveland-Cliffs to be Fairly Valued.
Key valuation signals for MEX:CLF:
Accumulated Depreciation: MXN-109,039 Mil
GF Value™: MXN190.88 vs. price of MXN211.50 (10.8% above fair value)
No single metric tells the full story. See the MEX:CLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
54GF Score
Get the complete analysis for MEX:CLF
Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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