Allete Historical Balance Sheet

ALE Stock

USD 62.97 0.54 0.85%

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.

Cash Flow Balance Sheet Income Statement

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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.

Allete Inventory

184.17 Million

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.

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.

Common Stock Shares Outstanding Total Assets Short Long Term Debt Total Other Current Liab Liabilities And Stockholders Equity

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.

Liabilities And Stockholders Equity

The total of all liabilities and equity in the company, which should equal the company's total assets according to the accounting equation.

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.

	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

Short Long Term Debt Total Total Assets

Allete balance sheet Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Common Stock Shares Outstanding		0.93	0.92	0.48	0.69	0.95	0.93	0.91	0.9	0.65	-0.02	0.69	0.33	-0.02	0.53	0.67	0.96	0.42	-0.01	0.05	0.96	0.53	0.44	0.51	0.96	0.89
Total Assets	0.93		0.97	0.57	0.78	0.99	0.98	0.96	0.98	0.52	-0.19	0.81	0.57	-0.19	0.62	0.77	0.95	0.53	0.05	0.07	0.98	0.71	0.52	0.65	0.99	0.87
Short Long Term Debt Total	0.92	0.97		0.57	0.83	0.96	0.99	1.0	0.93	0.53	-0.22	0.79	0.51	-0.22	0.59	0.72	0.92	0.48	0.07	0.11	0.97	0.67	0.45	0.71	0.96	0.89
Other Current Liab	0.48	0.57	0.57		0.55	0.57	0.53	0.58	0.52	0.12	-0.28	0.53	0.37	-0.28	0.79	0.54	0.51	0.56	0.23	-0.24	0.56	0.54	0.56	0.32	0.58	0.48
Total Current Liabilities	0.69	0.78	0.83	0.55		0.79	0.81	0.83	0.78	0.5	-0.34	0.71	0.52	-0.34	0.49	0.66	0.61	0.69	-0.12	-0.01	0.73	0.59	0.58	0.89	0.78	0.62
Total Stockholder Equity	0.95	0.99	0.96	0.57	0.79		0.98	0.95	0.98	0.58	-0.19	0.81	0.54	-0.19	0.64	0.78	0.94	0.53	0.02	0.03	0.98	0.68	0.52	0.63	1.0	0.89
Property Plant And Equipment Net	0.93	0.98	0.99	0.53	0.81	0.98		0.99	0.97	0.56	-0.24	0.78	0.54	-0.24	0.59	0.72	0.93	0.45	0.02	0.13	0.97	0.67	0.43	0.7	0.97	0.89
Net Debt	0.91	0.96	1.0	0.58	0.83	0.95	0.99		0.93	0.49	-0.3	0.77	0.51	-0.3	0.6	0.71	0.91	0.48	0.07	0.11	0.95	0.66	0.44	0.74	0.95	0.89
Retained Earnings	0.9	0.98	0.93	0.52	0.78	0.98	0.97	0.93		0.54	-0.26	0.82	0.65	-0.26	0.58	0.77	0.9	0.5	-0.06	0.13	0.94	0.73	0.45	0.67	0.96	0.84
Accounts Payable	0.65	0.52	0.53	0.12	0.5	0.58	0.56	0.49	0.54		0.35	0.4	0.16	0.35	0.21	0.4	0.55	0.02	-0.28	-0.06	0.56	0.26	0.12	0.24	0.59	0.52
Cash	-0.02	-0.19	-0.22	-0.28	-0.34	-0.19	-0.24	-0.3	-0.26	0.35		-0.19	-0.31	1.0	-0.34	-0.12	0.0	-0.25	0.0	-0.06	-0.1	-0.2	0.01	-0.58	-0.15	-0.24
Non Current Assets Total	0.69	0.81	0.79	0.53	0.71	0.81	0.78	0.77	0.82	0.4	-0.19		0.75	-0.19	0.57	0.98	0.75	0.54	0.07	0.0	0.79	0.95	0.38	0.6	0.79	0.72
Non Currrent Assets Other	0.33	0.57	0.51	0.37	0.52	0.54	0.54	0.51	0.65	0.16	-0.31	0.75		-0.31	0.43	0.69	0.39	0.38	-0.17	0.28	0.46	0.82	0.22	0.48	0.48	0.33
Cash And Short Term Investments	-0.02	-0.19	-0.22	-0.28	-0.34	-0.19	-0.24	-0.3	-0.26	0.35	1.0	-0.19	-0.31		-0.34	-0.12	0.0	-0.25	0.0	-0.06	-0.1	-0.2	0.01	-0.58	-0.15	-0.24
Net Receivables	0.53	0.62	0.59	0.79	0.49	0.64	0.59	0.6	0.58	0.21	-0.34	0.57	0.43	-0.34		0.61	0.57	0.48	0.27	-0.37	0.62	0.51	0.52	0.28	0.66	0.66
Common Stock Total Equity	0.67	0.77	0.72	0.54	0.66	0.78	0.72	0.71	0.77	0.4	-0.12	0.98	0.69	-0.12	0.61		0.72	0.59	0.1	-0.12	0.76	0.92	0.45	0.51	0.77	0.7
Non Current Liabilities Total	0.96	0.95	0.92	0.51	0.61	0.94	0.93	0.91	0.9	0.55	0.0	0.75	0.39	0.0	0.57	0.72		0.36	0.11	0.03	0.99	0.63	0.4	0.46	0.95	0.9
Inventory	0.42	0.53	0.48	0.56	0.69	0.53	0.45	0.48	0.5	0.02	-0.25	0.54	0.38	-0.25	0.48	0.59	0.36		0.22	-0.21	0.45	0.43	0.9	0.53	0.54	0.32
Other Current Assets	-0.01	0.05	0.07	0.23	-0.12	0.02	0.02	0.07	-0.06	-0.28	0.0	0.07	-0.17	0.0	0.27	0.1	0.11	0.22		-0.24	0.09	0.04	0.25	-0.18	0.05	0.2
Other Stockholder Equity	0.05	0.07	0.11	-0.24	-0.01	0.03	0.13	0.11	0.13	-0.06	-0.06	0.0	0.28	-0.06	-0.37	-0.12	0.03	-0.21	-0.24		0.02	0.07	-0.34	0.11	-0.01	0.03
Total Liab	0.96	0.98	0.97	0.56	0.73	0.98	0.97	0.95	0.94	0.56	-0.1	0.79	0.46	-0.1	0.62	0.76	0.99	0.45	0.09	0.02		0.67	0.47	0.58	0.98	0.91
Property Plant And Equipment Gross	0.53	0.71	0.67	0.54	0.59	0.68	0.67	0.66	0.73	0.26	-0.2	0.95	0.82	-0.2	0.51	0.92	0.63	0.43	0.04	0.07	0.67		0.26	0.52	0.65	0.58
Total Current Assets	0.44	0.52	0.45	0.56	0.58	0.52	0.43	0.44	0.45	0.12	0.01	0.38	0.22	0.01	0.52	0.45	0.4	0.9	0.25	-0.34	0.47	0.26		0.34	0.55	0.28
Short Term Debt	0.51	0.65	0.71	0.32	0.89	0.63	0.7	0.74	0.67	0.24	-0.58	0.6	0.48	-0.58	0.28	0.51	0.46	0.53	-0.18	0.11	0.58	0.52	0.34		0.61	0.52
Common Stock	0.96	0.99	0.96	0.58	0.78	1.0	0.97	0.95	0.96	0.59	-0.15	0.79	0.48	-0.15	0.66	0.77	0.95	0.54	0.05	-0.01	0.98	0.65	0.55	0.61		0.9
Other Liab	0.89	0.87	0.89	0.48	0.62	0.89	0.89	0.89	0.84	0.52	-0.24	0.72	0.33	-0.24	0.66	0.7	0.9	0.32	0.2	0.03	0.91	0.58	0.28	0.52	0.9

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Allete Account Relationship Matchups

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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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:

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What is Allete's Net Worth?

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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.

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Allete Historical Balance Sheet

Allete Inventory

184.17 Million

About Allete Balance Sheet Analysis

Allete Balance Sheet Chart

Common Stock Shares Outstanding

Total Assets

Liabilities And Stockholders Equity

Allete balance sheet Correlations

Allete Account Relationship Matchups

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Allete balance sheet Accounts

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COMMON DESTINATIONS

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COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Short Long Term Debt Total

Short Term Debt	- 0.58	Cash And Short Term Investments
Short Term Debt	- 0.58	Cash
Other Stockholder Equity	- 0.37	Net Receivables
Total Current Assets	- 0.34	Other Stockholder Equity
Net Receivables	- 0.34	Cash And Short Term Investments
Net Receivables	- 0.34	Cash