What is the debt of ALLETE this year?
ALLETE has a debt level of 1,721.4 USD this year.
ALLETE Debt 2024
ALLETE Debt
1,721.4 USD
Ticker
ALE
ISIN
US0185223007
WKN
A0DJ2T
In 2024, ALLETE's total debt was 1,721.4 USD, a -8.65% change from the 1,884.4 USD total debt recorded in the previous year.
ALLETE Aktienanalyse
What does ALLETE do?
ALLETE Inc. is an American company specializing in the energy industry, headquartered in Duluth, Minnesota. The company was founded in 1906 and has since undergone impressive development. Today, it is a big player in the energy industry and supplies electricity and gas to around half a million customers. Business model ALLETE Inc.'s business model focuses on the distribution of energy products and services. The company operates various business areas, including energy generation and transmission, as well as supply of electricity and gas, alternative energy sources, and technology and engineering services. History ALLETE Inc. was originally founded as "Minnesota Power Company" and initially only provided electricity to customers in Duluth and surrounding communities. Over the years, the company expanded and acquired other utility companies in the Upper Midwest, particularly in Minnesota and Wisconsin. Today, ALLETE Inc. also owns hydrogen and wind energy facilities that promote alternative energy generation. Segments The company has four main business segments, including the energy market, specialty services, renewable energy, and real estate. These business segments are organized to focus on the core business and ensure that the company continues to grow and follow current trends. Each segment has its own objectives. Products and services ALLETE Inc. offers a range of energy products and services, including: Energy - ALLETE Inc. produces and distributes various types of energy, including electricity and gas, and supplies around 50,000 customers in Minnesota and Wisconsin. The company utilizes a portfolio of different energy generation methods. Alternative Energies - ALLETE Inc. invests in alternative energy projects, including hydrogen and wind energy. Hydrogen has the potential to become a key element of clean energy supply, and ALLETE Inc. has already put a hydrogen production facility into operation. The company has also established numerous wind farms, which play a significant role in large corporations. Technology Services - ALLETE Inc. leverages its expertise to develop and offer technological innovations and services for the energy industry. With the growing market and increasing demand for sustainable energy and technology solutions, we see ALLETE Inc. as a key partner in the energy industry in the future. Real Estate - The company is also involved in the real estate business and owns a variety of industrial buildings and properties, mostly in regions that provide strategic value for energy supply. These properties are typically focused on long-term lease agreements, contributing to the maintenance of stable revenue growth. Conclusion: In the energy industry, ALLETE Inc. has not only gained decades of experience but also played a significant role in the clean energy transition and the development of digital technologies. With its various business segments and products, the company achieves solid revenues and is thus one of the key players in the industry in the United States. ALLETE ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding ALLETE's Debt Structure
ALLETE's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing ALLETE's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to ALLETE’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in ALLETE’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about ALLETE stock
What was the debt of ALLETE compared to the previous year?
The debt of ALLETE has increased by -8.65% compared to the previous year dropped.
What are the consequences of high debt for investors in ALLETE?
High debt can pose a risk for investors of ALLETE, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of ALLETE?
Low debt means that ALLETE has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from ALLETE affect the company?
An increase in debt of ALLETE can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of ALLETE affect the company?
A reduction in debt of ALLETE can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of ALLETE?
Some factors that can influence the debt of ALLETE include investments, acquisitions, operating costs, and revenue development.
Why are the debts of ALLETE so important for investors?
The debts of ALLETE are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can ALLETE take to change the debt?
To change the debt, ALLETE can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does ALLETE pay?
Over the past 12 months, ALLETE paid a dividend of 2.71 USD . This corresponds to a dividend yield of about 4.23 %. For the coming 12 months, ALLETE is expected to pay a dividend of 2.75 USD.
What is the dividend yield of ALLETE?
The current dividend yield of ALLETE is 4.23 %.
When does ALLETE pay dividends?
ALLETE pays a quarterly dividend. This is distributed in the months of December, March, June, September.
How secure is the dividend of ALLETE?
ALLETE paid dividends every year for the past 25 years.
What is the dividend of ALLETE?
For the upcoming 12 months, dividends amounting to 2.75 USD are expected. This corresponds to a dividend yield of 4.3 %.
In which sector is ALLETE located?
ALLETE is assigned to the 'Utilities' sector.
Wann musste ich die Aktien von ALLETE kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of ALLETE from 9/1/2024 amounting to 0.705 USD, you needed to have the stock in your portfolio before the ex-date on 8/15/2024.
When did ALLETE pay the last dividend?
The last dividend was paid out on 9/1/2024.
What was the dividend of ALLETE in the year 2023?
In the year 2023, ALLETE distributed 2.6 USD as dividends.
In which currency does ALLETE pay out the dividend?
The dividends of ALLETE are distributed in USD.
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Andere Kennzahlen von ALLETE
Our stock analysis for ALLETE Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of ALLETE Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
