ALE (ALLETE) Debt-to-Asset : 0.27 (As of Sep. 2024)

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What is ALLETE Debt-to-Asset?

ALLETE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $46 Mil. ALLETE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,753 Mil. ALLETE's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $6,737 Mil. ALLETE's debt to asset for the quarter that ended in Sep. 2024 was 0.27.

ALLETE Debt-to-Asset Historical Data

The historical data trend for ALLETE's Debt-to-Asset 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.

* Premium members only.

ALLETE Debt-to-Asset Chart

ALLETE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.30

0.31

0.28

0.27

ALLETE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.27	0.27	0.27	0.27	0.27

Competitive Comparison of ALLETE's Debt-to-Asset

For the Utilities - Diversified subindustry, ALLETE's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ALLETE's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ALLETE's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where ALLETE's Debt-to-Asset falls into.

ALLETE Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ALLETE's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(111.4	+	1679.9)	/	6656.4
	=	0.27

ALLETE's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(45.6	+	1752.6)	/	6737.2
	=	0.27

ALLETE (NYSE:ALE) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

ALLETE Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of ALLETE's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

ALLETE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ALLETE Inc (NYSE:ALE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AEBA:Germany AEBA:Germany

Address

30 West Superior Street, Duluth, MN, USA, 55802-2093

Website

https://www.allete.com

ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.

Executives

Joshua John Skelton	officer: VP ALLETE; COO MN Power	30 WEST SUPERIOR STREET, DULUTH MN 55802
Charles R Matthews	director	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Charlene A Thomas	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Heidi J Eddins	director	30 W. SUPERIOR STREET, DULUTH MN 55802
Barbara A Nick	director
Alan R Hodnik	director, officer: President	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Robert John Adams	officer: VP Bus. Deve. Chief Risk Offic	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Madeleine W Ludlow	director	C/O OGLEBAY NORTON COMPANY, 1001 LAKESIDE AVENUE - 15TH FLOOR, CLEVELAND OH 44114
Nicole Renee Johnson	officer: VP & Chief Admin Off	30 WEST SUPERIOR STREET, DULUTH MN 55802
Kathryn W Dindo	director	C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
Margaret A Thickens	officer: VP, CLO & Secretary	30 WEST SUPERIOR STREET, DULUTH MN 55802
James J Hoolihan	director	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Susan K Nestegard	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Robert P Powers	director	AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Steven Q Devinck	officer: Controller	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093