Allete Inc
ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in … Read more
Allete Inc (ALE) - Total Assets
Latest total assets as of September 2025: $7.15 Billion USD
Based on the latest financial reports, Allete Inc (ALE) holds total assets worth $7.15 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Allete Inc - Total Assets Trend (1994–2024)
This chart illustrates how Allete Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Allete Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Allete Inc's total assets of $7.15 Billion consist of 5.9% current assets and 94.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $32.80 Million | 0.7% |
| Accounts Receivable | $148.10 Million | 2.0% |
| Inventory | $154.60 Million | 2.1% |
| Property, Plant & Equipment | $21.30 Million | 0.3% |
| Intangible Assets | $155.30 Million | 2.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1994–2024)
This chart illustrates how Allete Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Allete Inc's current assets represent 5.9% of total assets in 2024, a decrease from 14.7% in 1994.
- Cash Position: Cash and equivalents constituted 0.7% of total assets in 2024, down from 1.5% in 1994.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 1994.
- Asset Diversification: The largest asset category is intangible assets at 2.1% of total assets.
Allete Inc Competitors by Total Assets
Key competitors of Allete Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenyang Huitian Thermal Power Co Ltd
SHE:000692
|
China | CN¥5.27 Billion |
|
Chubu Electric Power Company Incorporated
F:0C2
|
Germany | €7.41 Trillion |
|
Malakoff Corporation Bhd
KLSE:5264
|
Malaysia | RM18.23 Billion |
|
Shenyang Jinshan Energy Co Ltd
SHG:600396
|
China | CN¥14.03 Billion |
|
Fujian Funeng Co Ltd
SHG:600483
|
China | CN¥53.23 Billion |
|
Xinjiang Tianfu Energy Co Ltd
SHG:600509
|
China | CN¥30.50 Billion |
|
Shenergy Co Ltd
SHG:600642
|
China | CN¥109.16 Billion |
|
Hunan Chen Dian International Development Co Ltd
SHG:600969
|
China | CN¥14.28 Billion |
Allete Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Allete Inc generates 0.21x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Allete Inc generates $ 2.43 in net profit.
Allete Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.17 | 1.45 | 0.55 |
| Quick Ratio | 0.73 | 0.95 | 0.39 |
| Cash Ratio | 0.19 | 0.30 | 0.00 |
| Working Capital | $71.80 Million | $ 149.00 Million | $ -204.70 Million |
Allete Inc - Advanced Valuation Insights
This section examines the relationship between Allete Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.38 |
| Latest Market Cap to Assets Ratio | 0.53 |
| Asset Growth Rate (YoY) | 0.4% |
| Total Assets | $7.39 Billion |
| Market Capitalization | $3.93 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Allete Inc's assets below their book value (0.53 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Allete Inc's assets grew by 0.4% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Allete Inc (1994–2024)
The table below shows the annual total assets of Allete Inc from 1994 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $7.39 Billion | +0.36% |
| 2023-12-31 | $7.37 Billion | -3.21% |
| 2022-12-31 | $7.61 Billion | +6.20% |
| 2021-12-31 | $7.17 Billion | +5.21% |
| 2020-12-31 | $6.81 Billion | +10.52% |
| 2019-12-31 | $6.16 Billion | +5.20% |
| 2018-12-31 | $5.86 Billion | +1.53% |
| 2017-12-31 | $5.77 Billion | +3.48% |
| 2016-12-31 | $5.58 Billion | +13.62% |
| 2015-12-31 | $4.91 Billion | +12.53% |
| 2014-12-31 | $4.36 Billion | +25.43% |
| 2013-12-31 | $3.48 Billion | +6.87% |
| 2012-12-31 | $3.25 Billion | +13.12% |
| 2011-12-31 | $2.88 Billion | +10.23% |
| 2010-12-31 | $2.61 Billion | +9.03% |
| 2009-12-31 | $2.39 Billion | +12.10% |
| 2008-12-31 | $2.13 Billion | +29.84% |
| 2007-12-31 | $1.64 Billion | +7.23% |
| 2006-12-31 | $1.53 Billion | +12.17% |
| 2005-12-31 | $1.37 Billion | -4.50% |
| 2004-12-31 | $1.43 Billion | -53.85% |
| 2003-12-31 | $3.10 Billion | -1.46% |
| 2002-12-31 | $3.15 Billion | -4.12% |
| 2001-12-31 | $3.28 Billion | +12.65% |
| 2000-12-31 | $2.91 Billion | +26.01% |
| 1999-12-31 | $2.31 Billion | -0.19% |
| 1998-12-31 | $2.32 Billion | +6.67% |
| 1997-12-31 | $2.17 Billion | +1.23% |
| 1996-12-31 | $2.15 Billion | +10.19% |
| 1995-12-31 | $1.95 Billion | +7.73% |
| 1994-12-31 | $1.81 Billion | -- |