Allete Historical Balance Sheet
ALE Stock | USD 63.15 0.42 0.67% |
Trend analysis of Allete Inc balance sheet accounts such as Total Assets of 3.8 B, Short and Long Term Debt Total of 1.2 B or Other Current Liab of 119 M provides information on Allete's total assets, liabilities, and equity, which is the actual value of Allete Inc to its prevalent stockholders. By breaking down trends over time using Allete balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Allete Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Allete Inc is a good buy for the upcoming year.
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About Allete Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Allete Inc at a specified time, usually calculated after every quarter, six months, or one year. Allete Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allete and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Allete currently owns. An asset can also be divided into two categories, current and non-current.
Allete Balance Sheet Chart
Allete Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Allete Inc uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Allete's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 669.1 M, whereas Total Assets are forecasted to decline to about 3.8 B. Add Fundamental
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of Allete assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Allete Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most accounts from Allete's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Allete Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Allete's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 669.1 M, whereas Total Assets are forecasted to decline to about 3.8 B.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 2.0B | 1.9B | 1.8B | 1.2B | Total Assets | 6.4B | 6.8B | 7.4B | 3.8B |
Allete balance sheet Correlations
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Allete Account Relationship Matchups
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Allete balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 51.7M | 51.9M | 52.5M | 56M | 57.4M | 34.7M | |
Total Assets | 5.5B | 6.1B | 6.4B | 6.8B | 7.4B | 3.8B | |
Short Long Term Debt Total | 1.6B | 1.8B | 2.0B | 1.9B | 1.8B | 1.2B | |
Other Current Liab | 53.3M | 60.8M | 186.2M | 186.7M | 153.6M | 119.0M | |
Total Current Liabilities | 507.4M | 459.6M | 543.4M | 716.2M | 377.6M | 388.7M | |
Total Stockholder Equity | 2.2B | 2.3B | 2.4B | 2.7B | 2.8B | 1.5B | |
Property Plant And Equipment Net | 4.4B | 4.9B | 5.1B | 5.0B | 5.0B | 2.7B | |
Net Debt | 1.6B | 1.8B | 1.9B | 1.9B | 1.7B | 1.1B | |
Retained Earnings | 818.8M | 864.8M | 900.2M | 934.8M | 1.0B | 556.9M | |
Accounts Payable | 165.2M | 110M | 111M | 103M | 102.2M | 88.5M | |
Cash | 69.3M | 44.3M | 45.1M | 36.4M | 77M | 72.1M | |
Non Current Assets Total | 5.2B | 5.8B | 6.1B | 6.1B | 6.9B | 7.2B | |
Non Currrent Assets Other | 101.2M | 665.3M | 709.1M | 474.5M | 637.2M | 669.1M | |
Cash And Short Term Investments | 69.3M | 44.3M | 45.1M | 36.4M | 77M | 72.3M | |
Net Receivables | 96.4M | 111.9M | 123.7M | 137.9M | 137.2M | 117.3M | |
Common Stock Total Equity | 1.4B | 1.5B | 1.5B | 1.8B | 2.0B | 2.2B | |
Liabilities And Stockholders Equity | 5.5B | 6.1B | 6.4B | 6.8B | 7.4B | 3.8B | |
Non Current Liabilities Total | 2.6B | 2.8B | 2.9B | 2.8B | 3.6B | 1.8B | |
Inventory | 72.8M | 74.2M | 97.7M | 455.9M | 175.4M | 184.2M | |
Other Current Assets | 31M | 24.5M | 24.8M | 87.8M | 78.5M | 71.2M | |
Other Stockholder Equity | 104.1M | 505.5M | 533M | (24.4M) | (22.0M) | (20.9M) | |
Total Liab | 3.1B | 3.3B | 3.5B | 3.5B | 4.0B | 2.3B | |
Property Plant And Equipment Gross | 4.4B | 4.9B | 7.2B | 5.0B | 7.4B | 7.7B | |
Total Current Assets | 269.5M | 254.9M | 291.3M | 718M | 468.1M | 316.6M | |
Accumulated Other Comprehensive Income | (23.6M) | (31.1M) | (23.8M) | (24.4M) | (20.5M) | (21.5M) | |
Short Term Debt | 219.8M | 209.6M | 219M | 275.8M | 114.4M | 123.6M | |
Common Stock | 1.4B | 1.5B | 1.5B | 1.8B | 1.8B | 949.7M | |
Other Liab | 1.2B | 1.2B | 1.2B | 1.1B | 1.3B | 675.9M | |
Other Assets | 609.1M | 990M | 725.5M | 592.5M | 681.4M | 421.1M | |
Long Term Debt | 1.4B | 1.6B | 1.8B | 1.6B | 1.7B | 1.2B | |
Intangible Assets | 74.8M | 1M | 800K | 155.6M | 500K | 475K | |
Property Plant Equipment | 4.4B | 4.8B | 5.1B | 5.0B | 5.8B | 6.0B | |
Current Deferred Revenue | 69.1M | 79.2M | 27.2M | 150.7M | 7.4M | 7.0M | |
Net Tangible Assets | 2.2B | 2.3B | 2.4B | 2.7B | 3.1B | 1.9B | |
Good Will | 148.5M | 1M | (186.5M) | 154.9M | 178.1M | 187.0M | |
Retained Earnings Total Equity | 818.8M | 864.8M | 900.2M | 934.8M | 1.1B | 716.9M | |
Long Term Debt Total | 1.4B | 1.6B | 1.8B | 1.6B | 1.9B | 1.4B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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When running Allete's price analysis, check to measure Allete's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allete is operating at the current time. Most of Allete's value examination focuses on studying past and present price action to predict the probability of Allete's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allete's price. Additionally, you may evaluate how the addition of Allete to your portfolios can decrease your overall portfolio volatility.
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Is Allete's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.13) | Dividend Share 2.738 | Earnings Share 4.16 | Revenue Per Share 29.947 | Quarterly Revenue Growth (0.29) |
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.