What is Allete Inc's earnings per share (EPS)?

Allete Inc (ALE) reported diluted earnings per share of $3.10 for fiscal year 2024. This represents a -27.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Allete Inc Financials

ALE

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2025 Currency USD FYE December

This page shows Allete Inc (ALE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ALE FY2024 2026-04-22

ALLETE’s core mechanic is turning stable asset earnings into cash, with free cash flow rising or falling on the capital-build cycle.

From FY2023 to FY2024, revenue fell 18.6% while gross profit stayed near $1.4B, implying that a meaningful share of sales behaves like low-margin pass-through activity rather than core earning power. The same separation shows up in cash: free cash flow fell from $314.1M to $102.2M even though EBITDA was essentially flat, so annual cash results are driven more by capital-spending cadence than by a sharp shift in operations.

Cash conversion was stronger than headline profit in FY2024, with operating cash flow of $457.1M against net income of $179.3M. That points to earnings being backed by cash, but also shows how much of that cash must keep cycling back into the asset base before it becomes flexible capital.

Balance-sheet posture looks steady rather than shrinking, with debt to equity still near 0.6x in FY2024. A current ratio above 1x alongside cash of only $32.8M means liquidity now clears the short-term bar, yet day-to-day flexibility depends more on receivables and other current assets than on a large cash reserve.

Financial Health Signals

Financial Health Score 51/100

Scored as: Utilities peer group

Scored against utilities for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Allete Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Altman Z-Score Distress

1.23

Allete Inc scores 1.23, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.9B) relative to total liabilities ($3.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

Allete Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.55x

For every $1 of reported earnings, Allete Inc generates $2.55 in operating cash flow ($457.1M OCF vs $179.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

2.0x

Allete Inc earns $2.0 in operating income for every $1 of interest expense ($160.1M vs $81.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.5B

YoY-18.6%

5Y CAGR+4.3%

10Y CAGR+3.0%

Allete Inc generated $1.5B in revenue in fiscal year 2024. This represents a decrease of 18.6% from the prior year.

EBITDA

$431.6M

YoY-0.3%

5Y CAGR+2.5%

10Y CAGR+2.9%

Allete Inc's EBITDA was $431.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.3% from the prior year.

Net Income

$179.3M

YoY-27.4%

5Y CAGR-0.7%

10Y CAGR+3.7%

Allete Inc reported $179.3M in net income in fiscal year 2024. This represents a decrease of 27.4% from the prior year.

EPS (Diluted)

$3.10

YoY-27.9%

5Y CAGR-2.9%

10Y CAGR+0.7%

Allete Inc earned $3.10 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 27.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$102.2M

YoY-67.5%

Allete Inc generated $102.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 67.5% from the prior year.

Cash & Debt

$32.8M

YoY-54.4%

5Y CAGR-13.9%

10Y CAGR-13.9%

Allete Inc held $32.8M in cash against $1.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

$2.82

YoY+4.1%

5Y CAGR+3.7%

10Y CAGR+3.7%

Allete Inc paid $2.82 per share in dividends in fiscal year 2024. This represents an increase of 4.1% from the prior year.

Shares Outstanding

58M

YoY+0.6%

5Y CAGR+2.3%

10Y CAGR+3.3%

Allete Inc had 58M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

91.5%

YoY+16.7pp

5Y CAGR-2.0pp

10Y CAGR-1.6pp

Allete Inc's gross margin was 91.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 16.7 percentage points from the prior year.

Operating Margin

10.5%

YoY+0.9pp

5Y CAGR-4.0pp

10Y CAGR-6.1pp

Allete Inc's operating margin was 10.5% in fiscal year 2024, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin

11.7%

YoY-1.4pp

5Y CAGR-3.2pp

10Y CAGR+0.7pp

Allete Inc's net profit margin was 11.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.4 percentage points from the prior year.

Return on Equity

6.3%

YoY-2.5pp

5Y CAGR-2.0pp

10Y CAGR-1.4pp

Allete Inc's ROE was 6.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$354.9M

YoY+30.9%

5Y CAGR-9.9%

10Y CAGR-4.7%

Allete Inc invested $354.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 30.9% from the prior year.

ALE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.5B-18.6%	$1.9B+19.7%	$1.6B+10.7%	$1.4B+21.4%	$1.2B-5.8%	$1.2B
Cost of Revenue	$129.2M-72.7%	$473.5M+159.0%	$182.8M+165.7%	$68.8M+3.1%	$66.7M-17.2%	$80.6M
Gross Profit	$1.4B-0.4%	$1.4B+1.3%	$1.4B+2.8%	$1.4B+22.5%	$1.1B-5.0%	$1.2B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$160.1M-11.5%	$180.9M+34.8%	$134.2M-11.3%	$151.3M+9.5%	$138.2M-23.1%	$179.8M
Interest Expense	$81.7M+1.1%	$80.8M+7.4%	$75.2M+8.8%	$69.1M+5.3%	$65.6M+1.1%	$64.9M
Income Tax	$4.7M-83.2%	$27.9M+189.4%	-$31.2M-16.0%	-$26.9M+38.0%	-$43.4M-557.6%	-$6.6M
Net Income	$179.3M-27.4%	$247.1M+30.5%	$189.3M+11.9%	$169.2M+2.3%	$165.4M-10.9%	$185.6M
EPS (Diluted)	$3.10-27.9%	$4.30+27.2%	$3.38+4.6%	$3.23+1.6%	$3.18-11.4%	$3.59

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$375.0M+4.1%	$360.3M-10.0%	$400.2M+9.7%	$364.8M-10.4%	$407.2M+14.9%	$354.5M-12.1%	$403.3M+0.1%	$402.7M
Cost of Revenue	$26.0M+7.0%	$24.3M-2.4%	$24.9M	N/A	$47.0M+47.8%	$31.8M+30.3%	$24.4M	N/A
Gross Profit	$349.0M+3.9%	$336.0M-10.5%	$375.3M	N/A	$360.2M+11.6%	$322.7M-14.8%	$378.9M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$29.6M+64.4%	$18.0M-66.0%	$53.0M+39.1%	$38.1M-15.9%	$45.3M+54.1%	$29.4M-37.8%	$47.3M+9.7%	$43.1M
Interest Expense	$25.6M+10.8%	$23.1M+7.9%	$21.4M	N/A	$20.3M+1.0%	$20.1M-1.5%	$20.4M	N/A
Income Tax	$1.6M+366.7%	-$600K-108.0%	$7.5M	N/A	$2.9M+107.1%	$1.4M-65.0%	$4.0M	N/A
Net Income	$27.1M-15.0%	$31.9M-43.1%	$56.1M+10.9%	$50.6M+12.4%	$45.0M+36.4%	$33.0M-34.9%	$50.7M-1.6%	$51.5M
EPS (Diluted)	$0.46-16.4%	$0.55-43.3%	$0.97+11.5%	$0.87+11.5%	$0.78+36.8%	$0.57-35.2%	$0.88-1.1%	$0.89

ALE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.8B+1.5%	$6.7B-2.8%	$6.8B+6.6%	$6.4B+5.6%	$6.1B+11.0%	$5.5B
Current Assets	$435.2M-7.0%	$468.1M-34.8%	$718.0M+146.5%	$291.3M+14.3%	$254.9M-5.4%	$269.5M
Cash & Equivalents	$32.8M-54.4%	$71.9M+97.5%	$36.4M-19.3%	$45.1M+1.8%	$44.3M-36.1%	$69.3M
Inventory	$154.6M-11.9%	$175.4M-61.5%	$455.9M+366.6%	$97.7M+31.7%	$74.2M+1.9%	$72.8M
Accounts Receivable	$141.4M+9.6%	$129.0M-4.2%	$134.7M+9.1%	$123.5M+10.4%	$111.9M+16.1%	$96.4M
Goodwill	$154.9M0.0%	$154.9M0.0%	$154.9M	N/A	N/A	$0
Total Liabilities	$3.4B+3.5%	$3.2B-7.1%	$3.5B+0.4%	$3.5B+6.1%	$3.3B+4.4%	$3.1B
Current Liabilities	$404.2M+7.0%	$377.6M-47.3%	$716.2M+31.8%	$543.4M+18.2%	$459.6M-9.4%	$507.4M
Long-Term Debt	$1.7B+1.5%	$1.7B+1.9%	$1.6B-6.5%	$1.8B+10.7%	$1.6B+13.7%	$1.4B
Total Equity	$2.8B+1.4%	$2.8B+4.4%	$2.7B+12.0%	$2.4B+4.8%	$2.3B+2.8%	$2.2B
Retained Earnings	$1.0B+1.6%	$1.0B+9.8%	$934.8M+4.9%	$891.4M+3.1%	$864.8M+5.6%	$818.8M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$7.2B+3.5%	$6.9B+0.7%	$6.9B+1.7%	$6.8B+0.3%	$6.7B+1.1%	$6.7B+0.9%	$6.6B-0.8%	$6.7B
Current Assets	$485.0M+7.1%	$452.9M-5.2%	$477.9M+9.8%	$435.2M-10.0%	$483.4M+11.8%	$432.2M-0.2%	$433.2M-7.5%	$468.1M
Cash & Equivalents	$78.7M+42.1%	$55.4M-39.8%	$92.0M+180.5%	$32.8M-67.8%	$101.9M+171.7%	$37.5M+17.2%	$32.0M-55.5%	$71.9M
Inventory	$184.9M+3.8%	$178.2M+4.1%	$171.1M+10.7%	$154.6M-7.2%	$166.6M-9.6%	$184.3M+0.9%	$182.7M+4.2%	$175.4M
Accounts Receivable	N/A	N/A	N/A	$141.4M+3.4%	$136.8M+2.9%	$133.0M-6.5%	$142.2M+10.2%	$129.0M
Goodwill	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M
Total Liabilities	$3.8B+7.4%	$3.5B+2.0%	$3.5B+3.4%	$3.4B+0.6%	$3.3B+2.4%	$3.3B+2.2%	$3.2B-1.7%	$3.2B
Current Liabilities	$413.2M+22.3%	$337.9M-11.2%	$380.6M-5.8%	$404.2M+20.9%	$334.4M+12.4%	$297.6M+14.1%	$260.8M-30.9%	$377.6M
Long-Term Debt	$2.1B+8.6%	$1.9B+5.4%	$1.8B+7.5%	$1.7B-2.2%	$1.7B-0.1%	$1.7B-1.5%	$1.8B+5.5%	$1.7B
Total Equity	$2.9B-0.3%	$2.9B-0.1%	$2.9B+0.6%	$2.8B+0.6%	$2.8B+0.3%	$2.8B0.0%	$2.8B+0.5%	$2.8B
Retained Earnings	$1.0B-1.5%	$1.0B-1.0%	$1.1B+1.3%	$1.0B+0.9%	$1.0B+0.4%	$1.0B-0.7%	$1.0B+1.0%	$1.0B

ALE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$457.1M-21.9%	$585.3M+164.5%	$221.3M-16.0%	$263.5M-12.1%	$299.8M+21.4%	$246.9M
Capital Expenditures	$354.9M+30.9%	$271.2M+23.0%	$220.5M-54.0%	$479.5M-33.8%	$724.7M+21.4%	$597.1M
Free Cash Flow	$102.2M-67.5%	$314.1M+39162.5%	$800K+100.4%	-$216.0M+49.2%	-$424.9M-21.3%	-$350.2M
Investing Cash Flow	-$340.7M-20.1%	-$283.6M+26.1%	-$384.0M+20.9%	-$485.2M+40.3%	-$812.8M-137.2%	-$342.7M
Financing Cash Flow	-$140.6M+46.4%	-$262.5M-269.1%	$155.2M-24.0%	$204.2M-58.0%	$485.7M+344.4%	$109.3M
Dividends Paid	$162.8M+4.7%	$155.5M+6.6%	$145.9M+10.6%	$131.9M+2.9%	$128.2M+5.6%	$121.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$103.4M+162.4%	$39.4M-64.2%	$110.2M+22.7%	$89.8M-52.9%	$190.8M+63.9%	$116.4M+93.7%	$60.1M-8.0%	$65.3M
Capital Expenditures	$277.6M+156.3%	$108.3M-29.9%	$154.4M+23.9%	$124.6M+29.4%	$96.3M+31.2%	$73.4M+21.1%	$60.6M-30.4%	$87.1M
Free Cash Flow	-$174.2M-152.8%	-$68.9M-55.9%	-$44.2M-27.0%	-$34.8M-136.8%	$94.5M+119.8%	$43.0M+8700.0%	-$500K+97.7%	-$21.8M
Investing Cash Flow	-$282.6M-149.0%	-$113.5M+29.2%	-$160.2M-32.6%	-$120.8M-45.4%	-$83.1M-9.3%	-$76.0M-25.0%	-$60.8M+26.7%	-$83.0M
Financing Cash Flow	$202.5M+438.6%	$37.6M-57.8%	$89.2M+459.7%	-$24.8M+38.6%	-$40.4M-9.2%	-$37.0M+3.6%	-$38.4M-12.6%	-$34.1M
Dividends Paid	$42.4M+0.2%	$42.3M0.0%	$42.3M+3.7%	$40.8M+0.2%	$40.7M0.0%	$40.7M+0.2%	$40.6M+4.1%	$39.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ALE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	91.5%+16.7pp	74.8%-13.6pp	88.4%-6.8pp	95.2%+0.9pp	94.3%+0.8pp	93.5%
Operating Margin	10.5%+0.9pp	9.6%+1.1pp	8.5%-2.1pp	10.7%-1.2pp	11.8%-2.7pp	14.5%
Net Margin	11.7%-1.4pp	13.2%+1.1pp	12.0%+0.1pp	11.9%-2.2pp	14.1%-0.8pp	15.0%
Return on Equity	6.3%-2.5pp	8.8%+1.8pp	7.0%-0.0pp	7.0%-0.2pp	7.2%-1.1pp	8.3%
Return on Assets	2.6%-1.1pp	3.7%+0.9pp	2.8%+0.1pp	2.6%-0.1pp	2.7%-0.7pp	3.4%
Current Ratio	1.08-0.2	1.24+0.2	1.00+0.5	0.54-0.0	0.55+0.0	0.53
Debt-to-Equity	0.600.0	0.60-0.0	0.61-0.1	0.73+0.0	0.69+0.1	0.63
FCF Margin	6.7%-10.0pp	16.7%+16.7pp	0.1%+15.3pp	-15.2%+21.1pp	-36.3%-8.1pp	-28.2%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	93.1%-0.2pp	93.3%-0.5pp	93.8%	N/A	88.5%-2.6pp	91.0%-2.9pp	94.0%	N/A
Operating Margin	7.9%+2.9pp	5.0%-8.2pp	13.2%+2.8pp	10.4%-0.7pp	11.1%+2.8pp	8.3%-3.4pp	11.7%+1.0pp	10.7%
Net Margin	7.2%-1.6pp	8.8%-5.2pp	14.0%+0.2pp	13.9%+2.8pp	11.1%+1.7pp	9.3%-3.3pp	12.6%-0.2pp	12.8%
Return on Equity	0.9%-0.2pp	1.1%-0.8pp	2.0%+0.2pp	1.8%+0.2pp	1.6%+0.4pp	1.2%-0.6pp	1.8%-0.0pp	1.8%
Return on Assets	0.4%-0.1pp	0.5%-0.4pp	0.8%+0.1pp	0.8%+0.1pp	0.7%+0.2pp	0.5%-0.3pp	0.8%0.0pp	0.8%
Current Ratio	1.17-0.2	1.34+0.1	1.26+0.2	1.08-0.4	1.450.0	1.45-0.2	1.66+0.4	1.24
Debt-to-Equity	0.74+0.1	0.68+0.0	0.64+0.0	0.60-0.0	0.620.0	0.620.0	0.63+0.0	0.60
FCF Margin	-46.5%-27.3pp	-19.1%-8.1pp	-11.0%-1.5pp	-9.5%-32.8pp	23.2%+11.1pp	12.1%+12.3pp	-0.1%+5.3pp	-5.4%

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Frequently Asked Questions

What is Allete Inc's annual revenue?

Allete Inc (ALE) reported $1.5B in total revenue for fiscal year 2024. This represents a -18.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Allete Inc's revenue growing?

Allete Inc (ALE) revenue declined by 18.6% year-over-year, from $1.9B to $1.5B in fiscal year 2024.

Is Allete Inc profitable?

Yes, Allete Inc (ALE) reported a net income of $179.3M in fiscal year 2024, with a net profit margin of 11.7%.

What is Allete Inc's EBITDA?

Allete Inc (ALE) had EBITDA of $431.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Allete Inc have?

As of fiscal year 2024, Allete Inc (ALE) had $32.8M in cash and equivalents against $1.7B in long-term debt.

What is Allete Inc's gross margin?

Allete Inc (ALE) had a gross margin of 91.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Allete Inc's operating margin?

Allete Inc (ALE) had an operating margin of 10.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Allete Inc's net profit margin?

Allete Inc (ALE) had a net profit margin of 11.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Allete Inc pay dividends?

Yes, Allete Inc (ALE) paid $2.82 per share in dividends during fiscal year 2024.

What is Allete Inc's return on equity (ROE)?

Allete Inc (ALE) has a return on equity of 6.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Allete Inc's free cash flow?

Allete Inc (ALE) generated $102.2M in free cash flow during fiscal year 2024. This represents a -67.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Allete Inc's operating cash flow?

Allete Inc (ALE) generated $457.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Allete Inc's total assets?

Allete Inc (ALE) had $6.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Allete Inc's capital expenditures?

Allete Inc (ALE) invested $354.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Allete Inc have outstanding?

Allete Inc (ALE) had 58M shares outstanding as of fiscal year 2024.

What is Allete Inc's current ratio?

Allete Inc (ALE) had a current ratio of 1.08 as of fiscal year 2024, which is considered adequate.

What is Allete Inc's debt-to-equity ratio?

Allete Inc (ALE) had a debt-to-equity ratio of 0.60 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Allete Inc's return on assets (ROA)?

Allete Inc (ALE) had a return on assets of 2.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Allete Inc's Altman Z-Score?

Allete Inc (ALE) has an Altman Z-Score of 1.23, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Allete Inc's Piotroski F-Score?

Allete Inc (ALE) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Allete Inc's earnings high quality?

Allete Inc (ALE) has an earnings quality ratio of 2.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Allete Inc cover its interest payments?

Allete Inc (ALE) has an interest coverage ratio of 2.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Allete Inc?

Allete Inc (ALE) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.