Quick Ratio Analysis of Cleveland-Cliffs Inc - Deep Dive
Latest FY Quick Ratio
Period Ending - Dec-23
Not Good Quick Ratio
0.620
Period Ending - Dec-22
Not Good Quick Ratio
0.646
Growth
-3.95 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Not Good Quick Ratio
0.595
Quick Ratio Analysis of Cleveland-Cliffs Inc
Quick Ratio of Cleveland-Cliffs Inc with value of 0.595 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
Quick Ratio of CLF has fallen by -3.95 % Compared to previous Financial Year. |
Quick Ratio with value of 1.42 was highest in Year Dec-19 in last Five Years. |
Quick Ratio with value of 0.502 was lowest in Year Dec-20 in last Five Years. |
Latest Quick Ratio with value of 0.620 is lower than Average Quick Ratio of 0.776 in last five years. |
Other Quick Ratio Related Info of CLF that may interest you.
Cleveland-Cliffs Inc Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
CLF | 14.84 | 14.91 | 0.469 % | Steel |
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio. more ..![Quick Ratio Formula Quick Ratio Formula](https://my.stockaio.com/help/template/FinDef/EfficiencyRatios/QuickRatio.jpg)
Quick Ratio Related Ratios
CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
Mild Stability |
FY - Historical Quick Ratio of Cleveland-Cliffs Inc
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
---|---|---|---|---|---|---|---|
Quick Ratio | 0.620 | 0.646 | 0.692 | 0.502 | 1.42 | 2.77 | 2.80 |
Change | -3.95 % | -6.70 % | 37.93 % | -64.60 % | -48.87 % | -1.04 % | 97.56 % |
FY Chart of Quick Ratio of Cleveland-Cliffs Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)