CLEVELAND-CLIFFS INC. (CLF) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value (m); Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | (m) | Share-based compensation / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 19.20B USD | |
| Stock-based compensation | (m) | Share-based Payment Arrangement, Noncash Expense |
| Operating income | -797.00M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $19.20B | (m) | $-797.00M | (m) | (m) | (m) | (m) | (m) |
| 2026-03-31 | (m) | $18.90B | (m) | $-1.25B | (m) | (m) | (m) | (m) | (m) |
| 2025-12-31 | (m) | $18.61B | (m) | $-1.58B | (m) | (m) | (m) | (m) | (m) |
| 2025-09-30 | (m) | $18.62B | (m) | $-1.71B | (m) | (m) | (m) | (m) | (m) |
| 2025-06-30 | (m) | $18.46B | (m) | $-1.76B | (m) | (m) | (m) | (m) | (m) |
| 2025-03-31 | (m) | $18.61B | (m) | $-1.26B | (m) | (m) | (m) | (m) | (m) |
| 2024-12-31 | (m) | $19.18B | (m) | $-756.00M | (m) | (m) | (m) | (m) | (m) |
| 2024-09-30 | (m) | $19.97B | (m) | $-391.00M | (m) | (m) | (m) | (m) | (m) |
| 2024-06-30 | (m) | $21.01B | (m) | $193.00M | (m) | (m) | (m) | (m) | (m) |
| 2024-03-31 | (m) | $21.90B | (m) | $670.00M | (m) | (m) | (m) | (m) | (m) |
| 2023-12-31 | (m) | $22.00B | (m) | $677.00M | (m) | (m) | (m) | (m) | (m) |
| 2023-09-30 | (m) | $21.93B | (m) | $595.00M | (m) | (m) | (m) | (m) | (m) |
| 2023-06-30 | (m) | $21.98B | (m) | $457.00M | (m) | (m) | (m) | (m) | (m) |
| 2023-03-31 | (m) | $22.33B | (m) | $814.00M | (m) | (m) | (m) | (m) | (m) |
| 2022-12-31 | (m) | $22.99B | (m) | $1.94B | (m) | (m) | (m) | (m) | (m) |
| 2022-09-30 | (m) | $23.29B | (m) | $3.24B | (m) | (m) | (m) | (m) | (m) |
| 2022-06-30 | (m) | $23.64B | (m) | $4.70B | (m) | (m) | (m) | (m) | (m) |
| 2022-03-31 | (m) | $22.35B | (m) | $4.93B | (m) | (m) | (m) | (m) | (m) |
| 2021-12-31 | (m) | $20.44B | (m) | $4.01B | (m) | (m) | (m) | (m) | (m) |
| 2021-09-30 | (m) | $17.35B | (m) | $3.00B | (m) | (m) | (m) | (m) | (m) |
| 2021-06-30 | (m) | $13.00B | (m) | $1.39B | (m) | (m) | (m) | (m) | (m) |
| 2021-03-31 | (m) | $9.04B | (m) | $114.00M | (m) | (m) | (m) | (m) | (m) |
| 2020-12-31 | (m) | $5.35B | (m) | $-142.00M | (m) | (m) | (m) | (m) | (m) |
| 2020-09-30 | (m) | $3.63B | (m) | $-167.50M | (m) | (m) | (m) | (m) | (m) |
| 2020-06-30 | (m) | $2.54B | (m) | $-83.90M | (m) | (m) | (m) | (m) | (m) |
| 2020-03-31 | (m) | $2.19B | (m) | $351.30M | (m) | (m) | (m) | (m) | (m) |
| 2019-12-31 | (m) | $1.99B | (m) | $429.30M | (m) | (m) | (m) | (m) | (m) |
| 2019-09-30 | (m) | $2.15B | (m) | $510.80M | (m) | (m) | (m) | (m) | (m) |
| 2019-06-30 | (m) | $2.34B | (m) | $614.70M | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | (m) | $2.31B | (m) | $642.10M | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | (m) | $2.33B | (m) | $673.20M | (m) | (m) | (m) | (m) | (m) |
| 2018-09-30 | (m) | $2.61B | (m) | $656.30M | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | (m) | $2.47B | (m) | $559.50M | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | (m) | $2.11B | (m) | $303.50M | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | (m) | $2.33B | (m) | $423.60M | (m) | (m) | (m) | (m) | (m) |
| 2017-09-30 | (m) | $2.48B | (m) | $457.90M | (m) | (m) | (m) | (m) | (m) |
| 2017-06-30 | (m) | $2.34B | (m) | $362.90M | (m) | (m) | (m) | (m) | (m) |
| 2017-03-31 | (m) | $2.27B | (m) | $323.00M | (m) | (m) | (m) | (m) | (m) |
| 2016-12-31 | (m) | $2.11B | (m) | $240.80M | (m) | (m) | (m) | (m) | (m) |
| 2016-09-30 | (m) | $1.83B | (m) | $133.60M | (m) | (m) | (m) | (m) | (m) |
| 2016-06-30 | (m) | $1.87B | (m) | $128.10M | (m) | (m) | (m) | (m) | (m) |
| 2016-03-31 | (m) | $1.87B | (m) | $79.10M | (m) | (m) | (m) | (m) | (m) |
| 2015-12-31 | (m) | $2.01B | (m) | $151.30M | (m) | (m) | (m) | (m) | (m) |
| 2015-09-30 | (m) | $3.82B | (m) | $-9.45B | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | (m) | $4.20B | (m) | $-9.63B | (m) | (m) | (m) | (m) | (m) |
| 2015-03-31 | (m) | $4.45B | (m) | $-9.51B | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | (m) | $4.62B | (m) | $-9.45B | (m) | (m) | (m) | (m) | (m) |
| 2014-09-30 | (m) | $4.85B | (m) | $-7.80B | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | (m) | $5.10B | (m) | $178.30M | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | (m) | $5.49B | (m) | $452.00M | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | (m) | $5.69B | (m) | $671.00M | (m) | (m) | (m) | (m) | (m) |
| 2013-09-30 | (m) | $5.71B | (m) | $-315.80M | (m) | (m) | (m) | (m) | (m) |
| 2013-06-30 | (m) | $5.71B | (m) | $-463.40M | (m) | (m) | (m) | (m) | (m) |
| 2013-03-31 | (m) | $5.80B | (m) | $-363.40M | (m) | (m) | (m) | (m) | (m) |
| 2012-12-31 | (m) | $5.87B | $16.50M | $-308.80M | (m) | (m) | 0.28% | (m) | (m) |
| 2012-09-30 | (m) | $6.17B | (m) | $1.06B | $189.50M | (m) | (m) | 5.62× | Reported |
| 2012-06-30 | (m) | $6.70B | (m) | $1.79B | $191.20M | (m) | (m) | 9.34× | Reported |
| 2012-03-31 | (m) | $6.88B | (m) | $2.04B | $225.40M | (m) | (m) | 9.04× | Reported |
| 2011-12-31 | (m) | $6.79B | $13.90M | $2.35B | $216.50M | (m) | 0.20% | 10.85× | Reported |
| 2011-09-30 | (m) | $6.56B | (m) | $2.37B | $197.90M | (m) | (m) | 12.00× | Reported |
| 2011-06-30 | (m) | $5.76B | (m) | $1.94B | $165.40M | (m) | (m) | 11.75× | Reported |
| 2011-03-31 | (m) | $5.14B | (m) | $1.69B | $97.70M | (m) | (m) | 17.33× | Reported |
| 2010-12-31 | (m) | $4.68B | $12.50M | $1.26B | $69.70M | (m) | 0.27% | 18.15× | Reported |
| 2010-09-30 | (m) | $4.08B | (m) | $1.02B | $50.50M | (m) | (m) | 20.28× | Reported |
| 2010-06-30 | (m) | $3.40B | (m) | $715.30M | $43.20M | (m) | (m) | 16.56× | Reported |
| 2010-03-31 | (m) | $2.60B | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | $2.34B | $10.10M | $230.20M | $39.00M | (m) | 0.43% | 5.90× | Reported |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | $3.61B | $21.40M | $938.90M | $39.80M | (m) | 0.59% | 23.59× | Reported |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | $2.28B | $11.80M | $381.60M | $22.60M | (m) | 0.52% | 16.88× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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