Is it safe?
Can CLF take a bad year?
Cleveland-Cliffs Inc. carries $7.63B of net debt at 26.9× EBITDA: a heavy load to carry through a bad year.
$7.63B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 26.9×
Net debt / EBITDA
- Altman Z-score
- 1.09
Altman Z-score · distress zone, below 1.8
- Cash runway
- 0.1 years
Cash runway · burning $214M a quarter at the current rate
Details›
- Total debtQ2 2026
- $7.70B
- Cash and short-term investments
- $70M
- Net debt
- $7.63B
- EBITDA, trailing twelve months
- $284M
- Operating profit, trailing twelve months
- −$797M
- Debt / equity
- 1.38×
- Total debt / EBITDA
- 27.1×
- Annualised volatilitytwo years of daily moves
- 72%
- Worst drawdown on file
- −82%
- Below its 52-week high
- −29%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.