Cleveland-Cliffs (MEX:CLF) Tax Rate % : 24.84% (As of Sep. 2024)

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What is Cleveland-Cliffs Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cleveland-Cliffs's Tax Expense for the three months ended in Sep. 2024 was MXN-1,496 Mil. Cleveland-Cliffs's Pre-Tax Income for the three months ended in Sep. 2024 was MXN-6,025 Mil. Therefore, Cleveland-Cliffs's Tax Rate % for the quarter that ended in Sep. 2024 was 24.84%.

Cleveland-Cliffs Tax Rate % Historical Data

The historical data trend for Cleveland-Cliffs's Tax Rate % 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.

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Cleveland-Cliffs Tax Rate % Chart

Cleveland-Cliffs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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5.75

57.51

20.33

23.55

24.79

Cleveland-Cliffs Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															9.57	-27.78	13.11	250.00	24.84

Cleveland-Cliffs Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Cleveland-Cliffs's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2512.189	/	10133.626
	=	24.79 %

Cleveland-Cliffs's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	-1496.463	/	-6025.232
	=	24.84 %

Cleveland-Cliffs Tax Rate % Related Terms

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Cleveland-Cliffs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cleveland-Cliffs Inc (MEX:CLF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CLF:USA 1CVA:Italy 0I0H:UK CVA:Germany CVA:Germany

Address

200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315

Website

https://www.clevelandcliffs.com

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.