Hawaiian Electric Industries Balance Sheet Health
Financial Health criteria checks 2/6
Hawaiian Electric Industries has a total shareholder equity of $2.4B and total debt of $3.6B, which brings its debt-to-equity ratio to 151%. Its total assets and total liabilities are $17.2B and $14.9B respectively. Hawaiian Electric Industries's EBIT is $357.4M making its interest coverage ratio 3. It has cash and short-term investments of $679.6M.
Key information
151.0%
Debt to equity ratio
US$3.59b
Debt
Interest coverage ratio | 3x |
Cash | US$679.63m |
Equity | US$2.38b |
Total liabilities | US$14.86b |
Total assets | US$17.24b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HWI's short term assets ($7.5B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: HWI's short term assets ($7.5B) do not cover its long term liabilities ($9.3B).
Debt to Equity History and Analysis
Debt Level: HWI's net debt to equity ratio (122.4%) is considered high.
Reducing Debt: HWI's debt to equity ratio has increased from 93.9% to 151% over the past 5 years.
Debt Coverage: HWI's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: HWI's interest payments on its debt are well covered by EBIT (3x coverage).