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
Is Hawaiian Electric Industries (NYSE:HE) Using Too Much Debt?
Jun 26Hawaiian Electric Industries (NYSE:HE) Seems To Be Using A Lot Of Debt
Mar 15These 4 Measures Indicate That Hawaiian Electric Industries (NYSE:HE) Is Using Debt Extensively
Nov 24Recent updates
Hawaiian Electric: Risk Is Higher Than Its Reward
Feb 29Hawaiian Electric Industries: Why This Distressed Utility Is Primed To Outperform
Dec 06Hawaiian Electric: No Turnaround In Sight
Nov 26Hawaiian Electric: Risk-Reward Might Be Worth It
Oct 20Hawaiian Electric: Not Worth The Risk
Oct 12Hawaiian Electric: How To Profit From Current Uncertainty
Sep 19Is Hawaiian Electric A Basket Case Or In The Bargain Bin?
Aug 29Hawaiian Electric - Many Uncertainties After The Fire
Aug 14Calculating The Intrinsic Value Of Hawaiian Electric Industries, Inc. (NYSE:HE)
Aug 01Is Hawaiian Electric Industries (NYSE:HE) Using Too Much Debt?
Jun 26Hawaiian Electric: Surprisingly Good Stability, But Population Decline A Drag
Jun 12Returns At Hawaiian Electric Industries (NYSE:HE) Appear To Be Weighed Down
May 03Hawaiian Electric Industries (NYSE:HE) Seems To Be Using A Lot Of Debt
Mar 15Estimating The Fair Value Of Hawaiian Electric Industries, Inc. (NYSE:HE)
Mar 02Hawaiian Electric Industries (NYSE:HE) Will Pay A Larger Dividend Than Last Year At $0.36
Feb 16Hawaiian Electric GAAP EPS of $0.52 misses by $0.02, revenue of $924.95M misses by $235.05M
Feb 14The Returns At Hawaiian Electric Industries (NYSE:HE) Aren't Growing
Jan 23Hawaiian Electric Has Ended Coal Use In Hawaii
Dec 19These 4 Measures Indicate That Hawaiian Electric Industries (NYSE:HE) Is Using Debt Extensively
Nov 24Hawaiian Electric Industries' (NYSE:HE) Dividend Will Be $0.35
Nov 07Hawaiian Electric declares $0.35 dividend
Nov 03Calculating The Intrinsic Value Of Hawaiian Electric Industries, Inc. (NYSE:HE)
Oct 31Wicked Sell-Off In Hawaiian Electric Creates 4% Yield
Oct 07Returns At Hawaiian Electric Industries (NYSE:HE) Appear To Be Weighed Down
Sep 18Hawaiian Electric Industries' (NYSE:HE) Dividend Will Be $0.35
Aug 08Hawaiian Electric declares $0.35 dividend
Aug 04These 4 Measures Indicate That Hawaiian Electric Industries (NYSE:HE) Is Using Debt Extensively
Jul 26Hawaiian Electric Industries: Bet On Stability For The Upcoming Recession
Jul 24Hawaiian Electric appoints Paul K. Ito as Interim CFO
Jul 07Here's What To Make Of Hawaiian Electric Industries' (NYSE:HE) Decelerating Rates Of Return
Jun 10Hawaiian Electric Industries' (NYSE:HE) Dividend Will Be US$0.35
May 09A Look At The Fair Value Of Hawaiian Electric Industries, Inc. (NYSE:HE)
Apr 07Hawaiian Electric - A High-Yield Utility/Bank
Mar 22These 4 Measures Indicate That Hawaiian Electric Industries (NYSE:HE) Is Using Debt Extensively
Mar 03Hawaiian Electric Industries' (NYSE:HE) Upcoming Dividend Will Be Larger Than Last Year's
Feb 17Hawaiian Electric Industries (NYSE:HE) Has Some Way To Go To Become A Multi-Bagger
Feb 13Hawaiian Electric: A Top-Notch Choice For Utility Investors
Jan 09Calculating The Fair Value Of Hawaiian Electric Industries, Inc. (NYSE:HE)
Dec 23Financial Position Analysis
Short Term Liabilities: HE's short term assets ($7.5B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: HE's short term assets ($7.5B) do not cover its long term liabilities ($9.3B).
Debt to Equity History and Analysis
Debt Level: HE's net debt to equity ratio (122.4%) is considered high.
Reducing Debt: HE's debt to equity ratio has increased from 93.9% to 151% over the past 5 years.
Debt Coverage: HE's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: HE's interest payments on its debt are well covered by EBIT (3x coverage).