Companies: 10,795·Total market cap: $144.5T
ALLETE, Inc.

ALLETE, Inc.

ALENYSEUtilities
$67.90
$-0.04(-0.06%)
Market Cap$3.9B
P/E Ratio—
52W High$67.99
52W Low$62.38
Cash on HandFinancialsRevenue

ALLETE, Inc. (ALE) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

ALE · cash on hand · updated Dec 31, 2024

Core cash position

Cash & Short-Term Investments (CCE + ST Investments)
$52.7M▼ -31.6% vs prior year
FY · as of Dec 31, 2024 · Reported in USD
Cash & Cash Equiv. (CCE)
$52.7M
cashAndCashEquivalents
Short-Term Investments
$0
shortTermInvestments
YoY Change vs Prior Year
-31.6%
vs prior fiscal year
Latest Quarter
$78.7M
Q3 2025
Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2024

Net cash vs debt

Cash & ST Investments$52.7MCash on Hand
Total Debt$1.81BTotal Debt
Net Cash / Net Debt−$1.76BNet Debt Position
Cash vs Debt Ratio
Cash 3%Debt 97%

ALLETE, Inc. carries a net debt position of $1.76B. Total debt ($1.81B) exceeds cash on hand ($52.7M). ALLETE, Inc. cash vs debt ratio: 3% cash / 97% debt.

Net Cash = Cash & ST Investments − Total Debt$52.7M − $1.81B = −$1.76B

Cash on hand history

YoY Increase
YoY Decrease
Latest Year
ALE annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

DateCash & ST InvestmentsYoY Change
Dec 31, 2024Latest$52.7M-31.6%
Dec 31, 2023$77.0M+103.2%
Dec 31, 2022$37.9M-16.5%
Dec 31, 2021$45.4M+0.7%
Dec 31, 2020$45.1M-37.4%
ALE cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Utilities Sector Cash Reserves Comparison

#CompanyCash & ST Inv.Cash/MCap
#1
GE Vernova Inc.
GE Vernova Inc.
GEV
$8.85B3.5%#2
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$2.81B1.6%#3
The Southern Company
The Southern Company
SO
$1.64B1.6%#4
Duke Energy Corporation
Duke Energy Corporation
DUK
$245.0M0.3%
#5
ALLETE, Inc.
ALLETE, Inc.YOU
ALE
$52.7M1.3%
Utilities sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

ALLETE, Inc. (ALE) cash on hand as of December 31, 2024 is $52.7M, comprising $52.7M in cash and cash equivalents (CCE) plus $0 in short-term investments — reported as ALLETE, Inc. cash and short-term investments on the balance sheet (10-K filing). Also referred to as ALLETE, Inc. cash reserves or cash position.

ALLETE, Inc. annual cash on hand history shows decreased -31.6% in 2024: decreased -31.6% in 2024. ALLETE, Inc. cash reserves in 2024 reflect the company's capital allocation strategy.

ALLETE, Inc. carries total debt of $1.81B against cash of $52.7M, resulting in a net debt position of -$1.76B. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.
Financial statementsFree cash flowNet incomeRevenueMarket capP/E ratioEarningsPrice history

Frequently asked questions

ALE cash on hand · 5 questions

As of December 31, 2024, ALLETE, Inc. (ALE) has $52,700,000 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $52,700,000 in cash and cash equivalents (CCE) plus $0 in short-term investments. Latest quarter (September 30, 2025): $78,700,000. Data sourced from the annual 10-K filing via FMP.

ALE cash on handALE cash reservesALE cash 2024how much cash does ALE have

▸ Source: FMP /balance-sheet-statement · US GAAP · ALLETE, Inc. · ALLETE, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2024