ALE (ALLETE) Debt-to-Asset : 0.31 (As of Sep. 2025)

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ALE ALLETE Inc ALE
58 GF Score
Price $67.90
GF Value $60.87
! 12 Warning Signs
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What is ALLETE Debt-to-Asset?

ALLETE ALE -0.06% 58 Debt-to-Asset is 0.31 as of Sep. 2025. GuruFocus rates ALE with a GF Score™ of 58/100 and a GF Value™ of $60.87. The stock has 12 warning signs investors should review.

ALLETE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was $138 Mil. ALLETE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was $2,099 Mil. ALLETE's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2025 was $7,153 Mil. ALLETE's debt to asset for the quarter that ended in Sep. 2025 was 0.31.

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

ALLETE Debt-to-Asset Historical Data

* Premium members only.

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.

ALLETE Debt-to-Asset Chart

ALLETE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.31 0.28 0.27 0.27

ALLETE Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.27 0.28 0.29 0.31

ALE vs SRE, AES: Debt-to-Asset Comparison

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 Debt-to-Asset vs 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.


ALE
58GF Score
ALLETE Inc ALE
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 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
=(94.7 + 1704.7) / 6754.3
=0.27

ALLETE's Debt-to-Asset for the quarter that ended in Sep. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(138.1 + 2098.9) / 7152.9
=0.31

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.31 mean?
ALLETE (ALE) has a Debt-to-Asset of 0.31 as of Sep. 2025. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on ALLETE and its competitors.
Is ALLETE's Debt-to-Asset too high?
ALLETE's current Debt-to-Asset is 0.31. Overall, ALLETE has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does ALLETE's Debt-to-Asset compare to SRE and AES?
ALLETE's Debt-to-Asset of 0.31 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for an Utilities - Regulated company?
A good Debt-to-Asset depends on the Utilities - Regulated industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on ALLETE and its competitors. ALLETE's current Debt-to-Asset is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALLETE stock overvalued right now?
ALLETE (ALE) has a current Debt-to-Asset of 0.31. The stock's GF Value™ is $60.87, compared to a current price of $67.90 — trading 11.5% above its estimated fair value. The current Debt-to-Asset is 0.31. ALLETE's overall GF Score™ is 58/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For ALLETE (ALE), the current Debt-to-Asset is 0.31 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ALLETE (ALE) Overvalued in 2026?

Based on GuruFocus' analysis, ALLETE stock appears to be overvalued. The current stock price of $67.90 is trading 11.5% above its estimated GF Value™ of $60.87.

Key valuation signals for ALE:

  • Debt-to-Asset: 0.31
  • GF Value™: $60.87 vs. price of $67.90 (11.5% above fair value)
  • GF Score™: 58/100 with 12 warning signs

No single metric tells the full story. See the ALE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ALLETE Business Description

Address 30 West Superior Street, Duluth, MN, USA, 55802-2093
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.
58GF Score

Get the complete analysis for ALE

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$67.90
Price
$60.87
GF Value