Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Cleveland-Cliffs Inc. (CLF) had Return on Tangible Equity of 6.31% for the most recently reported fiscal year, ending 2023-12-31.

Quarterly Annual

Figures for fiscal year ending 2023-12-31

Income Statement Financials
Revenue	$22.00B
Net Income	$399.00M
Cost of Goods Sold	$20.61B
Gross Profit	$1.39B
Operating Expenses	$21.32B
Operating Income	$677.00M
Non-Operating Income/Expense	$-80.00M
Pre-Tax Income	$597.00M
Normalized Pre-Tax Income	$597.00M
Income after Taxes	$449.00M
Income from Continuous Operations	$449.00M
Consolidated Net Income/Loss	$450.00M
Normalized Income after Taxes	$449.00M
EBIT	$677.00M
EBITDA	$1.77B
Weighted-Average Shares Outstanding (Basic)	510.00M
Weighted-Average Shares Outstanding (Diluted)	511.00M
Earnings per Share (EPS) (Basic)	$0.78
Earnings per Share (EPS) (Diluted)	$0.78
Balance Sheet Financials
Current Assets	$6.64B
Property, Plant, and Equipment	$8.89B
Long-Term Assets	$10.90B
Total Assets	$17.54B
Current Liabilities	$3.51B
Long-Term Debt	$3.14B
Long-Term Liabilities	$5.91B
Total Liabilities	$9.41B
Common Equity	$8.12B
Tangible Shareholders Equity	$7.12B
Shareholders Equity	$8.12B
Common Shares Outstanding	504.89M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$2.27B
Cash Flow from Investing Activities	$-591.00M
Cash Flow from Financial Activities	$-1.50B
Beginning Cash	$26.00M
End Cash	$198.00M
Increase/Decrease in Cash	$172.00M
Stock-Based Compensation	--
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.89
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.28
Debt to Equity Ratio	0.39
Gross Margin	6.32%
Operating Margin	3.08%
EBIT Margin	3.08%
EBITDA Margin	8.07%
Pre-Tax Profit Margin	2.71%
Profit Margin	1.81%
Free Cash Flow	$1.62B
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	1.25
Inventory Turnover	4.62
Receiveable Turnover	11.95
Days Sales in Receivables	30.53
Return on Equity	5.53%
Return on Tangible Equity	6.31%
Return on Assets	2.56%
Return on Investments	3.99%
Book Value Per Share	$16.09
Free Cash Flow per Share	$3.17
Operating Cash Flow per Share	$4.44

Data from Zacks Investment Research, Inc.