Cleveland Depreciation And Amortization vs Tax Provision Analysis

0I0H Stock   10.69  0.35  3.17%   
Cleveland Cliffs financial indicator trend analysis is way more than just evaluating Cleveland Cliffs prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cleveland Cliffs is a good investment. Please check the relationship between Cleveland Cliffs Depreciation And Amortization and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.

Depreciation And Amortization vs Tax Provision

Depreciation And Amortization vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cleveland Cliffs Depreciation And Amortization account and Tax Provision. At this time, the significance of the direction appears to have no relationship.
The correlation between Cleveland Cliffs' Depreciation And Amortization and Tax Provision is 0.04. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Cleveland Cliffs, assuming nothing else is changed. The correlation between historical values of Cleveland Cliffs' Depreciation And Amortization and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Cleveland Cliffs are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Depreciation And Amortization i.e., Cleveland Cliffs' Depreciation And Amortization and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Cleveland Cliffs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cleveland Cliffs current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.Tax Provision is likely to drop to about (134 M) in 2024. Selling General Administrative is likely to drop to about 152 M in 2024
 2021 2022 2023 2024 (projected)
Total Revenue20.4B23.0B22.0B23.1B
Depreciation And Amortization904M1.0B973M1.0B

Cleveland Cliffs fundamental ratios Correlations

0.80.90.920.910.930.820.68-0.430.960.76-0.430.840.680.850.840.250.510.910.850.020.870.670.230.92-0.04
0.80.750.730.510.730.980.25-0.320.760.62-0.320.620.510.960.670.450.550.930.680.190.660.470.220.85-0.32
0.90.750.990.770.70.790.39-0.480.760.82-0.470.940.830.80.960.230.680.90.960.020.970.840.170.88-0.01
0.920.730.990.810.720.780.43-0.490.780.84-0.490.970.860.80.980.160.680.910.98-0.030.990.860.210.90.08
0.910.510.770.810.880.540.85-0.350.890.63-0.350.760.610.570.730.170.340.670.74-0.050.780.590.260.760.04
0.930.730.70.720.880.750.82-0.370.990.56-0.370.590.390.760.590.340.230.780.60.090.640.380.170.79-0.19
0.820.980.790.780.540.750.29-0.480.780.63-0.480.670.520.970.720.430.520.950.710.130.710.490.240.88-0.22
0.680.250.390.430.850.820.29-0.310.790.28-0.310.350.120.310.310.19-0.180.360.320.00.380.10.190.480.05
-0.43-0.32-0.48-0.49-0.35-0.37-0.48-0.31-0.38-0.311.0-0.47-0.22-0.41-0.52-0.11-0.01-0.46-0.440.26-0.5-0.25-0.23-0.47-0.39
0.960.760.760.780.890.990.780.79-0.380.61-0.380.660.470.810.660.30.320.840.670.060.70.460.20.85-0.14
0.760.620.820.840.630.560.630.28-0.310.61-0.310.860.840.730.860.040.720.80.87-0.010.840.81-0.110.730.22
-0.43-0.32-0.47-0.49-0.35-0.37-0.48-0.311.0-0.38-0.31-0.47-0.22-0.41-0.52-0.110.0-0.46-0.440.26-0.5-0.25-0.23-0.47-0.39
0.840.620.940.970.760.590.670.35-0.470.660.86-0.470.930.70.990.040.740.820.99-0.080.990.910.230.840.2
0.680.510.830.860.610.390.520.12-0.220.470.84-0.220.930.570.91-0.070.90.690.93-0.130.90.970.170.70.19
0.850.960.80.80.570.760.970.31-0.410.810.73-0.410.70.570.750.310.590.980.750.080.740.570.150.88-0.13
0.840.670.960.980.730.590.720.31-0.520.660.86-0.520.990.910.750.070.740.860.99-0.080.990.90.250.860.2
0.250.450.230.160.170.340.430.19-0.110.30.04-0.110.04-0.070.310.07-0.10.280.10.130.09-0.170.230.26-0.45
0.510.550.680.680.340.230.52-0.18-0.010.320.720.00.740.90.590.74-0.10.650.77-0.150.720.890.080.570.0
0.910.930.90.910.670.780.950.36-0.460.840.8-0.460.820.690.980.860.280.650.860.050.850.70.180.93-0.07
0.850.680.960.980.740.60.710.32-0.440.670.87-0.440.990.930.750.990.10.770.86-0.050.990.910.250.860.15
0.020.190.02-0.03-0.050.090.130.00.260.06-0.010.26-0.08-0.130.08-0.080.13-0.150.05-0.05-0.09-0.19-0.170.07-0.47
0.870.660.970.990.780.640.710.38-0.50.70.84-0.50.990.90.740.990.090.720.850.99-0.090.910.220.860.17
0.670.470.840.860.590.380.490.1-0.250.460.81-0.250.910.970.570.9-0.170.890.70.91-0.190.910.080.660.22
0.230.220.170.210.260.170.240.19-0.230.2-0.11-0.230.230.170.150.250.230.080.180.25-0.170.220.080.340.12
0.920.850.880.90.760.790.880.48-0.470.850.73-0.470.840.70.880.860.260.570.930.860.070.860.660.34-0.01
-0.04-0.32-0.010.080.04-0.19-0.220.05-0.39-0.140.22-0.390.20.19-0.130.2-0.450.0-0.070.15-0.470.170.220.12-0.01
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Cleveland Cliffs Account Relationship Matchups

Cleveland Cliffs fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.5B16.8B19.0B18.8B17.5B18.4B
Short Long Term Debt Total2.1B5.4B5.2B4.2B3.1B3.3B
Other Current Liab216.5M1.2B1.4B1.3B1.4B1.5B
Total Current Liabilities409.4M2.9B3.6B3.5B3.5B3.7B
Total Stockholder Equity357.9M2.0B5.8B8.0B7.9B8.3B
Property Plant And Equipment Net1.9B8.7B9.2B9.1B8.9B9.3B
Net Debt1.8B5.3B5.2B4.2B2.9B3.1B
Retained Earnings(2.8B)(3.0B)(1M)1.3B1.7B1.8B
Cash352.6M112M48M26M198M269.6M
Non Current Assets Total2.6B11.5B11.3B11.3B10.9B11.4B
Non Currrent Assets Other217.4M682M1.0B410M677M710.9M
Cash And Short Term Investments352.6M112M48M26M198M277.3M
Net Receivables152.6M1.2B2.2B2.0B1.8B1.9B
Common Stock Shares Outstanding284.5M379M558M524M511M536.6M
Liabilities And Stockholders Equity3.5B16.8B19.0B18.8B17.5B18.4B
Non Current Liabilities Total2.7B11.5B9.6B7.2B5.9B6.2B
Inventory317.4M3.8B5.2B5.1B4.5B4.7B
Other Current Assets75.3M165M263M306M138M123.6M
Other Stockholder Equity3.5B5.1B4.8B4.6B4.4B4.7B
Total Liab3.1B14.4B13.2B10.7B9.4B9.9B
Total Current Assets897.9M5.3B7.7B7.4B6.6B7.0B
Accumulated Other Comprehensive Income(318.8M)(133M)618M1.8B1.7B1.7B
Short Term Debt(22.1M)34M147M19M90M66.2M
Accounts Payable155M1.6B2.1B2.2B2.1B2.2B
Current Deferred Revenue22.1M7M25M590M(90M)(85.5M)
Other Assets627M1.0B671M786M903.9M619.6M
Long Term Debt2.3B2.1B2.1B5.4B6.2B6.5B
Capital Surpluse3.9B3.9B3.9B5.4B6.2B4.5B
Treasury Stock(169.6M)(186.1M)(390.7M)(354M)(318.6M)(334.5M)
Property Plant Equipment1.9B8.7B9.2B9.1B10.4B11.0B
Other Liab623M5.4B4.0B2.6B3.0B2.5B
Net Tangible Assets308M424M4.2B6.4B7.4B7.8B

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