ALLETE, Inc. (ALE)

Solvency & Capital Structure

Total Debt

$2.24B

Net Debt

$2.16B

ALLETE, Inc. currently has $2.24B in total debt. Net debt is $2.16B after cash offsets.

Financial Fundamentals

ALE • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2025-09-30	2.24	0.08	2.16	7.15	31.3%
2025-06-30	2.00	0.06	1.94	6.91	28.9%
2025-03-31	1.93	0.09	1.83	6.87	28.1%
2024-12-31	1.81	0.05	1.76	7.39	24.5%
2024-09-30	1.80	0.11	1.69	6.74	26.7%
2024-06-30	1.80	0.04	1.76	6.66	27.0%
2024-03-31	1.80	0.04	1.76	6.60	27.3%
2023-12-31	1.80	0.08	1.73	7.37	24.5%
2023-09-30	1.81	0.13	1.68	6.64	27.2%
2023-06-30	1.80	0.05	1.75	6.57	27.5%
2023-03-31	1.94	0.04	1.91	6.70	29.0%
2022-12-31	1.93	0.04	1.90	7.61	25.4%
2022-09-30	1.98	0.05	1.93	6.86	28.8%
2022-06-30	2.00	0.08	1.93	6.84	29.3%
2022-03-31	1.96	0.07	1.90	6.56	29.9%
2021-12-31	1.99	0.05	1.95	7.17	27.8%
2021-09-30	2.04	0.06	1.98	6.33	32.3%
2021-06-30	2.05	0.06	1.98	6.29	32.5%
2021-03-31	1.97	0.17	1.80	6.27	31.4%
2020-12-31	1.82	0.05	1.77	6.81	26.7%
2020-09-30	2.04	0.08	1.95	5.88	34.6%
2020-06-30	1.92	0.03	1.88	5.76	33.3%
2020-03-31	1.75	0.07	1.68	5.62	31.1%
2019-12-31	1.64	0.07	1.57	6.16	26.7%
2019-09-30	1.65	0.10	1.54	5.28	31.2%
2019-06-30	1.56	0.20	1.36	5.18	30.2%
2019-03-31	1.57	0.36	1.21	5.22	30.1%
2018-12-31	1.49	0.07	1.42	5.86	25.4%
2018-09-30	1.52	0.13	1.39	5.16	29.4%
2018-06-30	1.52	0.12	1.39	5.11	29.7%
2018-03-31	1.50	0.11	1.40	5.07	29.6%
2017-12-31	1.50	0.10	1.40	5.77	26.1%
2017-09-30	1.51	0.11	1.40	4.98	30.3%
2017-06-30	1.52	0.09	1.43	4.93	30.8%
2017-03-31	1.53	0.09	1.44	4.94	31.0%
2016-12-31	1.56	0.03	1.53	5.61	27.8%
2016-09-30	1.55	0.11	1.43	4.87	31.7%
2016-06-30	1.56	0.09	1.47	4.86	32.2%
2016-03-31	1.57	0.10	1.47	4.87	32.2%
2015-12-31	1.57	0.10	1.47	4.91	32.0%
2015-09-30	1.60	0.10	1.50	4.93	32.4%
2015-06-30	1.39	0.06	1.33	4.67	29.8%
2015-03-31	1.38	0.07	1.30	4.58	30.1%
2014-12-31	1.38	0.15	1.23	4.36	31.6%
2014-09-30	1.38	0.15	1.23	4.07	33.9%
2014-06-30	1.33	0.08	1.24	3.90	34.1%
2014-03-31	1.21	0.04	1.17	3.75	32.4%
2013-12-31	1.11	0.10	1.01	3.48	31.9%
2013-09-30	1.10	0.16	0.94	3.46	31.8%
2013-06-30	1.10	0.14	0.96	3.35	32.9%
2013-03-31	1.02	0.08	0.94	3.25	31.3%
2012-12-31	1.02	0.08	0.94	3.25	31.3%
2012-09-30	1.02	0.10	0.91	3.14	32.4%
2012-06-30	0.88	0.01	0.87	2.96	29.6%
2012-03-31	0.86	0.12	0.75	2.91	29.7%
2011-12-31	0.86	0.10	0.76	2.88	30.1%
2011-09-30	0.86	0.14	0.73	2.75	31.3%
2011-06-30	0.77	0.08	0.69	2.65	29.1%
2011-03-31	0.78	0.05	0.73	2.61	30.0%
2010-12-31	0.79	0.05	0.73	2.61	30.1%
2010-09-30	0.79	0.09	0.69	2.58	30.5%
2010-06-30	0.71	0.05	0.67	2.45	29.1%
2010-03-31	0.71	0.03	0.68	2.42	29.5%
2009-12-31	0.70	0.03	0.68	2.39	29.4%
2009-09-30	0.63	0.05	0.57	2.26	27.9%
2009-06-30	0.65	0.07	0.57	2.22	29.1%
2009-03-31	0.65	0.10	0.55	2.17	29.8%
2008-12-31	0.60	0.10	0.50	2.13	28.3%
2008-09-30	0.56	0.08	0.48	1.85	30.3%
2008-06-30	0.55	0.10	0.45	1.79	30.9%
2008-03-31	0.48	0.08	0.41	1.72	28.2%
2007-12-31	0.42	0.02	0.40	1.64	25.7%
2007-09-30	0.44	0.06	0.38	1.65	26.6%
2007-06-30	0.44	0.04	0.40	1.63	26.9%
2007-03-31	0.39	0.05	0.35	1.56	25.1%
2006-12-31	0.39	0.04	0.34	1.53	25.4%
2006-09-30	0.39	0.05	0.34	1.40	27.6%
2006-06-30	0.39	0.06	0.33	1.39	28.0%
2006-03-31	0.39	0.07	0.31	1.40	27.7%
2005-12-31	0.39	0.09	0.30	1.40	27.9%
2005-09-30	0.39	0.09	0.30	1.37	28.4%
2005-06-30	0.39	0.08	0.31	1.35	28.9%
2005-03-31	0.39	0.21	0.18	1.41	27.8%
2004-12-31	0.39	0.19	0.20	1.43	27.4%
2004-09-30	0.39	0.17	0.22	1.45	27.0%
2004-06-30	1.11	0.60	0.51	3.68	30.2%
2004-03-31	0.84	0.30	0.54	3.35	25.0%
2003-12-31	0.84	0.22	0.62	3.10	27.0%
2003-09-30	1.04	0.26	0.78	3.48	30.0%
2003-06-30	1.04	0.23	0.80	3.41	30.4%
2003-03-31	0.97	0.19	0.78	3.27	29.6%
2002-12-31	1.02	0.19	0.83	3.15	32.4%
2002-09-30	1.03	0.19	0.84	3.24	31.7%
2002-06-30	1.15	0.23	0.92	3.40	33.9%
2002-03-31	1.16	0.22	0.94	3.38	34.5%
2001-12-31	1.21	0.22	0.99	3.28	36.8%
2001-09-30	1.26	0.21	1.05	3.28	38.4%
2001-06-30	1.28	0.27	1.01	3.29	38.9%
2001-03-31	1.30	0.21	1.09	3.10	42.0%
2000-12-31	1.24	0.22	1.02	2.91	42.6%
2000-09-30	0.93	0.18	0.74	2.60	35.7%
2000-06-30	0.87	0.19	0.67	2.56	33.8%
2000-03-31	0.90	0.17	0.73	2.53	35.7%
1999-12-31	0.82	0.10	0.72	2.31	35.4%
1999-09-30	0.88	0.16	0.72	2.62	33.4%
1999-06-30	0.86	0.14	0.72	2.61	33.1%
1999-03-31	0.84	0.15	0.69	2.59	32.5%
1998-12-31	0.76	0.09	0.67	2.32	32.9%
1998-09-30	0.77	0.12	0.65	2.37	32.3%
1998-06-30	0.87	0.06	0.81	2.32	37.7%
1998-03-31	0.89	0.10	0.79	2.31	38.3%
1997-12-31	0.82	0.04	0.78	2.17	37.7%
1997-09-30	0.88	0.07	0.81	2.27	39.0%
1997-06-30	0.90	0.07	0.83	2.22	40.6%
1997-03-31	0.88	0.06	0.82	2.22	39.9%
1996-12-31	0.86	0.04	0.82	2.15	39.9%
1996-09-30	0.85	0.04	0.82	2.15	39.8%
1996-06-30	0.81	0.06	0.75	2.11	38.5%
1996-03-31	0.69	0.06	0.63	2.03	34.0%
1995-12-31	0.75	0.03	0.71	1.95	38.3%