• Cleveland-Cliffs average current ratio for 2023 was 2.06, a 7.62% decline from 2022.
• Cleveland-Cliffs average current ratio for 2022 was 2.23, a 4.69% decline from 2021.
• Cleveland-Cliffs average current ratio for 2021 was 2.13, a 2.74% increase from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.