Cleveland-Cliffs (LTS:0I0H) Tax Rate % : 13.11% (As of Mar. 2024)

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What is Cleveland-Cliffs Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cleveland-Cliffs's Tax Expense for the three months ended in Mar. 2024 was $-8 Mil. Cleveland-Cliffs's Pre-Tax Income for the three months ended in Mar. 2024 was $-61 Mil. Therefore, Cleveland-Cliffs's Tax Rate % for the quarter that ended in Mar. 2024 was 13.11%.

Cleveland-Cliffs Tax Rate % Historical Data

The historical data trend for Cleveland-Cliffs's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cleveland-Cliffs Tax Rate % Chart

Cleveland-Cliffs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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5.75

57.51

20.33

23.55

24.79

Cleveland-Cliffs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															23.21	22.27	9.57	-27.78	13.11

Cleveland-Cliffs Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Cleveland-Cliffs's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	148	/	597
	=	24.79 %

Cleveland-Cliffs's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	-8	/	-61
	=	13.11 %

Cleveland-Cliffs Tax Rate % Related Terms

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Cleveland-Cliffs (LTS:0I0H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cleveland-Cliffs Inc (LTS:0I0H) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CLF:USA CLF:Mexico CVA:Germany

Address

200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315

Website

https://www.clevelandcliffs.com

Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It has one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.

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