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![Snowball_Equity Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1751369620995334144.png) SnowBall Equity [@Snowball_Equity](/creator/twitter/Snowball_Equity) on x XX followers
Created: 2025-07-21 18:44:12 UTC

$CLF FINANCIALS:

Balance Sheet is in rough rough shape - my opinion is that the company likely sells some idled plants to raise cash and pay down the debt. This combined with reaching positive free cash flow in the core business can be a rapid way to pay down the debt. 

Cash Flow Statement: Marginally positive cash from operations, but not by much. CapEx has shrunk to a minimal amount to maintain existing facilities, and there wasn’t a significant cash burn as a result. Only the revolver was touched in Q2 which was seen on the balance sheet. 

Income Statement: The price of steel is still too low for profitability, but not by much. COGS continues to consume all the $CLF revenue. The company needs higher steel prices and lower input costs to reach GAAP profitability.


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947367021441913341/c:line.svg)

**Related Topics**
[debt](/topic/debt)
[cash flow](/topic/cash-flow)
[balance sheet](/topic/balance-sheet)
[$clf](/topic/$clf)
[stocks basic materials](/topic/stocks-basic-materials)

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