ALLETE, Inc.

ALLETE, Inc.verified

ALE

Price:

$63.89

Market Cap:

$3.69B

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illino...[Read more]

Industry

Diversified Utilities

IPO Date

1973-05-03

Stock Exchange

NYSE

Ticker

ALE

The Current Ratio as of September 2024 (TTM) for ALLETE, Inc. (ALE) is 1.45

According to ALLETE, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.45. This represents a change of 4.29% compared to the average of 1.39 of the last 4 quarters.

ALLETE, Inc. (ALE) Historical Current Ratio (quarterly & annually)

How has ALE Current Ratio performed in the past?

The mean historical Current Ratio of ALLETE, Inc. over the last ten years is 0.88. The current 1.45 Current Ratio has changed 16.35% with respect to the historical average. Over the past ten years (40 quarters), ALE's Current Ratio was at its highest in in the March 2019 quarter at 1.73. The Current Ratio was at its lowest in in the June 2020 quarter at 0.31.

Quarterly (TTM)
Annual

Average

0.88

Median

0.91

Minimum

0.53

Maximum

1.35

ALLETE, Inc. (ALE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of ALLETE, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 87.01%

Maximum Annual Current Ratio = 1.35

Minimum Annual Increase = -45.28%

Minimum Annual Current Ratio = 0.53

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.2423.66%
20221.0087.01%
20210.54-3.34%
20200.554.42%
20190.53-35.64%
20180.83-21.14%
20171.0541.95%
20160.74-45.28%
20151.3533.81%
20141.01-24.51%

ALLETE, Inc. (ALE) Average Current Ratio

How has ALE Current Ratio performed in the past?

The current Current Ratio of ALLETE, Inc. (ALE) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.93

5-year avg

0.77

10-year avg

0.88

ALLETE, Inc. (ALE) Current Ratio vs. Peers

How is ALE’s Current Ratio compared to its peers?

ALLETE, Inc.’s Current Ratio is greater than Avista Corporation (0.88), greater than Black Hills Corporation (1.06), less than Montauk Renewables, Inc. (1.66), less than Companhia Paranaense de Energia - COPEL (1.57), greater than NorthWestern Corporation (0.52), greater than The AES Corporation (0.97), less than Otter Tail Corporation (2.27), greater than The AES Corporation (0.97), greater than Brookfield Infrastructure Partners L.P. (0.81), greater than Unitil Corporation (0.58), greater than Companhia Energética de Minas Gerais (0.96), greater than E.ON SE (0.86),

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