Cleveland-Cliffs

CLF Industrials & Manufacturing 4/10 Medium Risk
4/10
— 4 → 4 over 13 weeks
Sector avg: 4.5/10

Cleveland-Cliffs carries $7.6B in long-term debt, with $8.5B in scheduled principal maturities. DebtCanary scores CLF at 4/10, indicating moderate refinancing pressure.

Maturity Schedule

As of 2026-09-30 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $0 Year 2 $834M Year 3 $1.3B Year 4 $750M Year 5 $750M Beyond 5 $4.9B
Period Amount Due % of Total
Year 1 (0-12 months) $0 0.0%
Year 2 (12-24 months) $834M 9.9%
Year 3 (24-36 months) $1.3B 15.0%
Year 4 (36-48 months) $750M 8.9%
Year 5 (48-60 months) $750M 8.9%
Beyond 5 Years $4.9B 57.4%
Total Scheduled Maturities $8.5B 100.0%

Key Metrics

Total Long-Term Debt
$7.6B
Near-Term (12mo)
$0
Interest Coverage
N/A
Debt/Equity
1.34
Cash Coverage
N/A
Operating Income
-$1.6B
EBITDA
-$344M

How This Score Was Computed

Weighted average of 3 scored components (raw 4.36, rounded to 4). Weights of skipped components are redistributed proportionally among those scored.

Component Value Sub-Score Weight Used
Near-Term Maturity Concentration
Show calculation
Year-1 maturities / Total scheduled maturities
Year-1 maturities: $0
Total scheduled maturities: $8.5B
 0.0% 1/10 43%
Interest Coverage Ratio
Interest expense was not reported in the latest 10-K.
 N/A — not scored
Debt-to-Equity Ratio
Show calculation
Long-term debt / Stockholders' equity
Long-term debt: $7.6B
Stockholders' equity: $5.7B
 1.34 5/10 36%
Cash Coverage of Near-Term Debt
No near-term debt obligation was reported (no Year-1 maturity bucket and no balance-sheet short-term debt).
 N/A — not scored
Cash Runway
Show calculation
Cash & equivalents / Monthly operating cash burn
Cash & equivalents: $77M
Annual operating cash burn: $462M
 2 months 10/10 21%

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Cleveland-Cliffs's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-10-20 10-Q Quarterly report
2026-10-19 8-K Earnings Results
2026-07-24 8-K Officer / Director Change
2026-07-23 10-Q Quarterly report
2026-07-23 8-K Earnings Results
2026-05-20 8-K Shareholder Vote
2026-04-21 10-Q Quarterly report
2026-04-20 8-K Earnings Results

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-09-30. Filing date: 2026-10-20. Data last fetched: 2026-10-25. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for Cleveland-Cliffs →