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Cleveland-CliffsCLF +0.56%75 Cash-to-Debt is 0.01 as of Jun. 2026, which is 50% below its 10-year median of 0.02. GuruFocus rates CLF with a GF Score™ of 75/100 and a GF Value™ of $11.26 (Fairly Valued). The stock has 8 warning signs investors should review. Among 609 Steel companies, Cleveland-Cliffs ranks worse than 96.72% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Cleveland-Cliffs's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.01.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Cleveland-Cliffscouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Cleveland-Cliffs's Cash-to-Debt or its related term are showing as below:
CLF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.43
Current: 0.01
During the past 13 years, Cleveland-Cliffs's highest Cash to Debt Ratio was 0.43. The lowest was 0.01. And the median was 0.02.
CLF's Cash-to-Debt is ranked worse than 96.72% of 609
companies
in the Steel industry
Industry Median: 0.39
vs CLF: 0.01
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Cleveland-Cliffs Cash-to-Debt Related Terms
Cleveland-Cliffs Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Cleveland-Cliffs's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Steel subindustry, Cleveland-Cliffs's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cleveland-Cliffs Cash-to-Debt vs Steel Industry
For the Steel industry and Basic Materials sector, Cleveland-Cliffs's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Cleveland-Cliffs's Cash-to-Debt falls into.
* 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 (CLF) has a Cash-to-Debt of 0.01 as of Jun. 2026. This is 50% below median its historical median of 0.02. Over the past decade, Cleveland-Cliffs' Cash-to-Debt has ranged from 0.01 to 0.43. According to the industry distribution chart, Cleveland-Cliffs ranks #589 out of 609 companies in the Steel industry, placing it in the top 96.7%.
Is Cleveland-Cliffs' Cash-to-Debt too high?
Cleveland-Cliffs' current Cash-to-Debt of 0.01 is 50% below median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.43. The Steel industry median Cash-to-Debt is 0.39. Cleveland-Cliffs' value of 0.01 is 97.4% below this industry median. Based on the distribution chart, Cleveland-Cliffs ranks #589 out of 609 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Cleveland-Cliffs has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cleveland-Cliffs' Cash-to-Debt compare to TX and WS?
According to the Steel industry distribution chart, Cleveland-Cliffs ranks #589 out of 609 companies for Cash-to-Debt. This places Cleveland-Cliffs in the lower half of its industry. The industry median Cash-to-Debt is 0.39. Cleveland-Cliffs' value of 0.01 is 97.4% below this benchmark. Historically, Cleveland-Cliffs' own Cash-to-Debt has ranged from 0.01 to 0.43 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 0.39, Cleveland-Cliffs has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Steel company?
The median Cash-to-Debt among Steel companies is 0.39, based on 609 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cleveland-Cliffs's current Cash-to-Debt of 0.01 is 97.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median Cash-to-Debt is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleveland-Cliffs's current Cash-to-Debt is 0.01, which is 50% below median its own 10-year median of 0.02. 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 (CLF) is currently considered Fairly Valued. The stock's GF Value™ is $11.26, compared to a current price of $11.62 — trading 3.2% above its estimated fair value. The current Cash-to-Debt is 0.01, which is 50% below median its 10-year median of 0.02 and 97.4% below the Steel industry median of 0.39. Cleveland-Cliffs' overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Cleveland-Cliffs (CLF), the current Cash-to-Debt is 0.01 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 (CLF) Overvalued in 2026?
Based on GuruFocus' analysis, Cleveland-Cliffs stock appears to be overvalued.
The current stock price of $11.62 is trading 3.2% above its estimated GF Value™ of $11.26.
GuruFocus considers Cleveland-Cliffs to be Fairly Valued.
Key valuation signals for CLF:
Cash-to-Debt: 0.01 (50% below median its 10-year median of 0.02)
GF Value™: $11.26 vs. price of $11.62 (3.2% above fair value)
Industry Position: 97.4% below the Steel median (#589 of 609)
No single metric tells the full story. See the 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.
75GF Score
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