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Top 5 Companies in the Steel Industry With the Highest Debt to Asset Ratio (CLF, RYI, AKS, SXC, HCC)

By James Quinn

Below are the three companies in the Steel industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Cleveland-Cliffs Inc ranks highest with a a debt to asset ratio of 79.64. Ryerson Holding is next with a a debt to asset ratio of 61.08. AK Steel Holding Corp. ranks third highest with a a debt to asset ratio of 49.12.

Suncoke Energy I follows with a a debt to asset ratio of 41.93, and Warrior Met Coal Inc rounds out the top five with a a debt to asset ratio of 34.82.

SmarTrend recommended that its subscribers protect gains by selling shares of Cleveland-Cliffs Inc on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $9.41. Since that call, shares of Cleveland-Cliffs Inc have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio :clf cleveland-cliffs inc ryerson holding :aks ak steel holding corp. suncoke energy i :hcc warrior met coal inc

Ticker(s): RYI SXC