Allete Interest Coverage vs Payout Ratio Analysis

ALE Stock

USD 65.00 0.07 0.11%

Allete financial indicator trend analysis is way more than just evaluating Allete Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allete Inc is a good investment. Please check the relationship between Allete Interest Coverage and its Payout Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Interest Coverage vs Payout Ratio

Interest Coverage vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allete Inc Interest Coverage account and Payout Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Allete's Interest Coverage and Payout Ratio is -0.65. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Allete Inc, assuming nothing else is changed. The correlation between historical values of Allete's Interest Coverage and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Allete Inc are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Interest Coverage i.e., Allete's Interest Coverage and Payout Ratio go up and down completely randomly.

Correlation Coefficient

-0.65

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Interest Coverage

Payout Ratio

Payout Ratio is the proportion of Allete Inc earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Allete Inc dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Allete Inc is paying out more in dividends than it makes in net income.

Most indicators from Allete's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allete Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At present, Allete's Tax Provision is projected to decrease significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	453.5M	446.8M	489.9M	458.4M
Total Revenue	1.4B	1.6B	1.9B	1.1B

Gross Profit Total Revenue

Allete fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Common Stock Shares Outstanding		0.94	0.92	0.44	0.69	0.95	0.93	0.91	0.9	0.65	-0.04	0.95	0.32	-0.04	0.53	0.67	0.97	0.42	-0.01	0.05	0.96	0.53	0.44	0.51	0.96	0.89
Total Assets	0.94		0.98	0.54	0.82	0.99	0.99	0.98	0.97	0.54	-0.22	1.0	0.54	-0.22	0.61	0.76	0.94	0.53	0.05	0.09	0.97	0.69	0.51	0.68	0.99	0.88
Short Long Term Debt Total	0.92	0.98		0.53	0.82	0.95	0.99	1.0	0.92	0.52	-0.23	0.99	0.48	-0.23	0.59	0.72	0.95	0.48	0.1	0.11	0.98	0.67	0.44	0.71	0.96	0.89
Other Current Liab	0.44	0.54	0.53		0.68	0.52	0.48	0.54	0.46	0.1	-0.35	0.5	0.28	-0.35	0.71	0.47	0.43	0.79	0.24	-0.28	0.52	0.36	0.75	0.44	0.55	0.41
Total Current Liabilities	0.69	0.82	0.82	0.68		0.79	0.81	0.83	0.78	0.5	-0.34	0.8	0.51	-0.34	0.49	0.66	0.68	0.69	-0.12	-0.01	0.79	0.59	0.58	0.89	0.78	0.62
Total Stockholder Equity	0.95	0.99	0.95	0.52	0.79		0.98	0.95	0.98	0.58	-0.21	0.99	0.54	-0.21	0.64	0.78	0.92	0.53	0.03	0.03	0.95	0.68	0.52	0.63	1.0	0.89
Property Plant And Equipment Net	0.93	0.99	0.99	0.48	0.81	0.98		0.99	0.97	0.56	-0.25	1.0	0.53	-0.25	0.59	0.71	0.93	0.45	0.02	0.13	0.97	0.67	0.43	0.71	0.97	0.89
Net Debt	0.91	0.98	1.0	0.54	0.83	0.95	0.99		0.93	0.49	-0.31	0.98	0.5	-0.31	0.6	0.7	0.93	0.48	0.07	0.11	0.97	0.66	0.43	0.74	0.95	0.89
Retained Earnings	0.9	0.97	0.92	0.46	0.78	0.98	0.97	0.93		0.54	-0.28	0.97	0.64	-0.28	0.58	0.77	0.86	0.5	-0.05	0.13	0.9	0.73	0.45	0.67	0.96	0.84
Accounts Payable	0.65	0.54	0.52	0.1	0.5	0.58	0.56	0.49	0.54		0.35	0.56	0.15	0.35	0.21	0.4	0.62	0.02	-0.28	-0.06	0.62	0.26	0.12	0.24	0.59	0.52
Cash	-0.04	-0.22	-0.23	-0.35	-0.34	-0.21	-0.25	-0.31	-0.28	0.35		-0.23	-0.31	1.0	-0.35	-0.14	-0.02	-0.26	0.0	-0.06	-0.12	-0.22	0.0	-0.58	-0.17	-0.25
Non Current Assets Total	0.95	1.0	0.99	0.5	0.8	0.99	1.0	0.98	0.97	0.56	-0.23		0.53	-0.23	0.59	0.74	0.94	0.47	0.03	0.12	0.97	0.68	0.45	0.68	0.98	0.9
Non Currrent Assets Other	0.32	0.54	0.48	0.28	0.51	0.54	0.53	0.5	0.64	0.15	-0.31	0.53		-0.31	0.43	0.71	0.31	0.38	-0.15	0.26	0.39	0.83	0.23	0.46	0.48	0.33
Cash And Short Term Investments	-0.04	-0.22	-0.23	-0.35	-0.34	-0.21	-0.25	-0.31	-0.28	0.35	1.0	-0.23	-0.31		-0.35	-0.14	-0.02	-0.26	0.0	-0.06	-0.12	-0.22	0.0	-0.58	-0.17	-0.25
Net Receivables	0.53	0.61	0.59	0.71	0.49	0.64	0.59	0.6	0.58	0.21	-0.35	0.59	0.43	-0.35		0.61	0.54	0.48	0.28	-0.37	0.58	0.51	0.52	0.28	0.66	0.66
Common Stock Total Equity	0.67	0.76	0.72	0.47	0.66	0.78	0.71	0.7	0.77	0.4	-0.14	0.74	0.71	-0.14	0.61		0.67	0.59	0.1	-0.12	0.71	0.92	0.45	0.51	0.77	0.7
Non Current Liabilities Total	0.97	0.94	0.95	0.43	0.68	0.92	0.93	0.93	0.86	0.62	-0.02	0.94	0.31	-0.02	0.54	0.67		0.35	0.1	0.08	0.98	0.56	0.37	0.51	0.94	0.92
Inventory	0.42	0.53	0.48	0.79	0.69	0.53	0.45	0.48	0.5	0.02	-0.26	0.47	0.38	-0.26	0.48	0.59	0.35		0.23	-0.21	0.44	0.43	0.9	0.53	0.54	0.32
Other Current Assets	-0.01	0.05	0.1	0.24	-0.12	0.03	0.02	0.07	-0.05	-0.28	0.0	0.03	-0.15	0.0	0.28	0.1	0.1	0.23		-0.24	0.08	0.05	0.26	-0.18	0.06	0.21
Other Stockholder Equity	0.05	0.09	0.11	-0.28	-0.01	0.03	0.13	0.11	0.13	-0.06	-0.06	0.12	0.26	-0.06	-0.37	-0.12	0.08	-0.21	-0.24		0.06	0.07	-0.34	0.11	-0.01	0.03
Total Liab	0.96	0.97	0.98	0.52	0.79	0.95	0.97	0.97	0.9	0.62	-0.12	0.97	0.39	-0.12	0.58	0.71	0.98	0.44	0.08	0.06		0.61	0.44	0.64	0.96	0.92
Property Plant And Equipment Gross	0.53	0.69	0.67	0.36	0.59	0.68	0.67	0.66	0.73	0.26	-0.22	0.68	0.83	-0.22	0.51	0.92	0.56	0.43	0.05	0.07	0.61		0.26	0.52	0.65	0.58
Total Current Assets	0.44	0.51	0.44	0.75	0.58	0.52	0.43	0.43	0.45	0.12	0.0	0.45	0.23	0.0	0.52	0.45	0.37	0.9	0.26	-0.34	0.44	0.26		0.34	0.55	0.28
Short Term Debt	0.51	0.68	0.71	0.44	0.89	0.63	0.71	0.74	0.67	0.24	-0.58	0.68	0.46	-0.58	0.28	0.51	0.51	0.53	-0.18	0.11	0.64	0.52	0.34		0.61	0.52
Common Stock	0.96	0.99	0.96	0.55	0.78	1.0	0.97	0.95	0.96	0.59	-0.17	0.98	0.48	-0.17	0.66	0.77	0.94	0.54	0.06	-0.01	0.96	0.65	0.55	0.61		0.9
Other Liab	0.89	0.88	0.89	0.41	0.62	0.89	0.89	0.89	0.84	0.52	-0.25	0.9	0.33	-0.25	0.66	0.7	0.92	0.32	0.21	0.03	0.92	0.58	0.28	0.52	0.9

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Allete Account Relationship Matchups

Allete fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	51.7M	51.9M	52.5M	56M	57.4M	34.7M
Total Assets	5.5B	6.1B	6.4B	6.8B	6.7B	3.8B
Short Long Term Debt Total	1.6B	1.8B	2.0B	1.9B	1.8B	1.2B
Other Current Liab	53.3M	80.6M	148.3M	268.3M	109.6M	119.7M
Total Current Liabilities	507.4M	459.6M	543.4M	716.2M	377.6M	388.7M
Total Stockholder Equity	2.2B	2.3B	2.4B	2.7B	2.8B	1.5B
Property Plant And Equipment Net	4.4B	4.9B	5.1B	5.0B	5.0B	2.7B
Net Debt	1.6B	1.8B	1.9B	1.9B	1.7B	1.1B
Retained Earnings	818.8M	864.8M	900.2M	934.8M	1.0B	556.9M
Accounts Payable	165.2M	110M	111M	103M	102.2M	88.5M
Cash	69.3M	44.3M	45.1M	36.4M	71.9M	71.9M
Non Current Assets Total	5.2B	5.8B	6.1B	6.1B	6.2B	3.4B
Non Currrent Assets Other	101.2M	665.3M	709.1M	474.5M	688.3M	722.7M
Cash And Short Term Investments	69.3M	44.3M	45.1M	36.4M	71.9M	72.1M
Net Receivables	96.4M	111.9M	123.7M	137.9M	137.2M	117.3M
Common Stock Total Equity	1.4B	1.5B	1.5B	1.8B	2.0B	2.2B
Liabilities And Stockholders Equity	5.5B	6.1B	6.4B	6.8B	6.1B	3.8B
Non Current Liabilities Total	2.6B	2.8B	2.9B	2.8B	2.9B	1.8B
Inventory	72.8M	74.2M	97.7M	455.9M	175.4M	184.2M
Other Current Assets	31M	24.5M	24.8M	87.8M	83.6M	71.4M
Other Stockholder Equity	104.1M	505.5M	533M	(24.4M)	(22.0M)	(20.9M)
Total Liab	3.1B	3.3B	3.5B	3.5B	3.2B	2.3B
Property Plant And Equipment Gross	4.4B	4.9B	7.2B	5.0B	7.4B	7.7B
Total Current Assets	269.5M	254.9M	291.3M	718M	468.1M	316.6M
Accumulated Other Comprehensive Income	(23.6M)	(31.1M)	(23.8M)	(24.4M)	(20.5M)	(21.5M)
Short Term Debt	219.8M	209.6M	219M	275.8M	114.8M	123.6M
Common Stock	1.4B	1.5B	1.5B	1.8B	1.8B	949.7M
Other Liab	1.2B	1.2B	1.2B	1.1B	1.3B	675.9M
Other Assets	609.1M	990M	725.5M	592.5M	681.4M	421.1M
Long Term Debt	1.4B	1.6B	1.8B	1.6B	1.7B	1.2B
Intangible Assets	74.8M	1M	800K	155.6M	155.4M	126.4M
Property Plant Equipment	4.4B	4.8B	5.1B	5.0B	5.8B	6.0B
Current Deferred Revenue	69.1M	79.2M	27.2M	150.7M	7.4M	7.0M
Net Tangible Assets	2.2B	2.3B	2.4B	2.7B	3.1B	1.9B
Good Will	148.5M	1M	(186.5M)	154.9M	178.1M	187.0M
Retained Earnings Total Equity	818.8M	864.8M	900.2M	934.8M	1.1B	716.9M
Long Term Debt Total	1.4B	1.6B	1.8B	1.6B	1.9B	1.4B

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When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:

How To Invest In Allete

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Is Allete Stock a good investment?

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What is Allete's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.48)

Dividend Share

2.793

Earnings Share

3.12

Revenue Per Share

27.217

Quarterly Revenue Growth

0.075

The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Allete Interest Coverage vs Payout Ratio Analysis

Interest Coverage vs Payout Ratio

Interest Coverage vs Payout Ratio Correlation Analysis

Correlation Coefficient

Interest Coverage

Payout Ratio

Allete fundamental ratios Correlations

Allete Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allete fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets

Short Term Debt	- 0.58	Cash And Short Term Investments
Short Term Debt	- 0.58	Cash
Other Stockholder Equity	- 0.37	Net Receivables
Net Receivables	- 0.35	Cash And Short Term Investments
Net Receivables	- 0.35	Cash
Cash And Short Term Investments	- 0.35	Other Current Liab