HE - NYSE

Hawaiian Electric Industries, Inc.

HE·NYSE

$13.44

+0.45%

UtilitiesDiversified Utilities

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.32B

EPS0.7100

P/E Ratio18.93

Earnings Date08/06/2026

8.92B

Assets

3Y-46.0%

5Y-41.0%

10Y-28.0%

7.32B

Total Liabilities

-1%

3Y-49.0%

5Y-43.0%

10Y-29.0%

1.61B

Total Equity

3Y-28.0%

5Y-32.0%

10Y-24.0%

Hawaiian Electric Industries, Inc. Funding & Solvency Profile

HE · NYSE

Current Assets

Cash & Cash Equivalents980.75M

Net Receivables491.53M

Inventory0.00

Other Current Assets412.30M

Total Current Assets2 B

Non-Current Assets

Property, Plant & Equipment6.24B

Goodwill & Intangible Assets0.00

Long-Term Investments0.00

Other Non-Current Assets793.33M

Total Non-Current Assets7 B

Total Assets

8.92B

Financial Health Analysis

Current Ratio

1.32x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

4.56x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

457 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

21% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Hawaiian Electric Industries, Inc. Balance Sheet

HE • NYSE

Hawaiian Electric Industries, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	980.7M	1.2B	259.1M	204.9M	311.5M	359M	196.8M	169.2M	261.9M	278.5M	300.5M	175.5M	220M	219.7M	270.3M	330.7M	502.4M	182.9M	145.9M	177.6M
Short-Term Investments	0.0	0.0	0.0	1.2M	15.3M	17.1M	1.2B	1.4B	1.4B	1.1B	820.6M	550.4M	529M	671.4M	97.8M	775.9M	1.5M	0.0	0.0	0.0
Cash & Short-Term Investments	980.7M	1.2B	259.1M	206.1M	326.8M	376.1M	1.4B	1.6B	1.7B	1.4B	1.1B	725.9M	749M	891M	368M	1.1B	503.9M	182.9M	145.9M	177.6M
Net Receivables	491.5M	457.2M	546.7M	511.9M	344.2M	281.2M	5.4B	325.7M	263.2M	238M	242.8M	313.7M	346.8M	362.8M	4B	3.8B	3.9B	4.5B	294.4M	248.6M
Accounts Receivables	491.5M	457.2M	546.7M	511.9M	344.2M	281.2M	300.8M	325.7M	263.2M	238M	242.8M	313.7M	346.8M	362.8M	344.3M	267M	241.1M	300.7M	294.4M	248.6M
Other Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	353.9M	0.0	0.0	0.0	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.8M	-11.3M	-445K	-384K	-393K	-488K	0.0	624.3M	0.0	0.0	0.0	0.0	0.0
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-3.7B	0.0	0.0	0.0	0.0	0.0
Other Current Assets	412.3M	434.3M	400.1M	0.0	0.0	0.0	43.2M	1.8M	11.3M	18.8M	4.6M	8.4M	5.3M	26M	9.6M	7.8M	0.0	0.0	6.4B	6.3B
Total Current Assets	1.9B	2.1B	1.2B	718M	671M	657.3M	6.8B	6.7B	6.6B	6.3B	5.9B	5.4B	5.2B	5B	5B	4.9B	4.4B	5.4B	6.8B	6.8B
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	6.2B	6.2B	6B	5.8B	5.5B	5.4B	5.3B	4.8B	5B	4.6B	4.4B	4.1B	3.9B	3.6B	3.3B	3.2B	3.1B	2.9B	2.7B	2.6B
Goodwill	0.0	0.0	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	294.4M	248.6M
Goodwill & Intangible Assets	0.0	0.0	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	82.2M	83.1M	87.1M
Long-Term Investments	0.0	0.0	0.0	8.6B	8.2B	7.4B	147.9M	151.8M	54.2M	11.2M	10.7M	69.3M	92.5M	96M	315.3M	-278.5B	530.6M	517.5M	250.6M	5.6M
Tax Assets	0.0	0.0	432.5M	369.1M	243M	234.1M	0.0	383.2M	394M	733.7M	654.8M	602.9M	507.2M	439.3M	354.1M	279B	-78K	13.1M	34.4M	106.8M
Other Non-Current Assets	793.3M	596.2M	9.5B	1.1B	1.3B	1.4B	1.4B	980.6M	988.8M	671.4M	730.6M	843.9M	588M	919.7M	517.6M	487.6M	808.1M	328.8M	338.4M	292.6M
Total Non-Current Assets	7B	6.8B	16B	15.9B	15.4B	14.6B	6.9B	6.4B	6.5B	6.1B	5.9B	5.7B	5.1B	5.1B	4.6B	4.2B	4.5B	3.8B	3.4B	3.1B
Total Assets	8.9B	8.9B	17.2B	16.7B	16.1B	15.2B	13.7B	13.1B	13.1B	12.4B	11.8B	11.2B	10.3B	10.1B	9.6B	9.1B	8.9B	9.3B	10.3B	9.9B
LIABILITIES
CURRENT LIABILITIES
Total Payables	219.1M	203.5M	198.9M	251.5M	205.5M	182.3M	220.6M	214.8M	193.7M	143.3M	138.5M	186.4M	212.3M	212.4M	216.2M	230.3M	159M	183.6M	202.3M	165.5M
Accounts Payable	219.1M	203.5M	198.9M	251.5M	205.5M	182.3M	220.6M	214.8M	193.7M	143.3M	138.5M	186.4M	212.3M	212.4M	216.2M	202.4M	159M	183.6M	202.3M	165.5M
Other Payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	27.8M	0.0	0.0	0.0	0.0
Accrued Expenses	0.0	0.0	0.0	0.0	0.0	0.0	24.9M	28.3M	25.8M	25.2M	26M	25.3M	26.7M	26.3M	25M	27.8M	28M	4.2B	4.3B	4.6B
Short Term Debt	125M	157.8M	16.5M	172.6M	54M	129.4M	185.7M	74M	117.9M	0.0	103.1M	119M	105.5M	83.7M	68.8M	262.2M	0.0	681M	91.8M	1.7B
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-92.6M	0.0	0.0	0.0	0.0	25M	27.8M	0.0	0.0	0.0	0.0
Other Current Liabilities	1.1B	963.3M	543.3M	21.3M	19.9M	23.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	4.3B	3.9B	4.4B	0.0	0.0	0.0
Total Current Liabilities	1.4B	1.3B	758.7M	445.4M	279.4M	335.3M	431.3M	317M	337.5M	168.5M	267.6M	330.7M	344.5M	322.3M	4.6B	4.5B	4.6B	5B	4.6B	6.5B
NON-CURRENT LIABILITIES
Long Term Debt	2.3B	2.7B	2.8B	3.1B	2.4B	2.2B	2.1B	2B	1.9B	1.8B	1.9B	1.8B	1.7B	1.6B	1.3B	1.4B	1.4B	1.2B	1.2B	1.1B
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.5B	915.1M	1.1B	995.8M	1B	672.1M	1B	564.7M	331.1M	288.2M	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	402.2M	631.6M	627.8M	629.2M	379.3M	372.5M	388.4M	728.8M	680.9M	631.7M	529.3M	439.3M	354.1M	279M	188.9M	143.3M	155.3M	106.8M
Other Non-Current Liabilities	3.1B	2.9B	10.5B	10.1B	10.2B	9.5B	8.4B	8.3B	8.4B	7.6B	7B	6.6B	6B	6.2B	1.2B	1.2B	1B	-1.2B	-1.2B	-1.1B
Total Non-Current Liabilities	5.9B	6.1B	14.1B	14B	13.4B	12.5B	11B	10.6B	10.7B	10.2B	9.6B	9.1B	8.3B	8.2B	3.4B	3.1B	2.9B	307M	357M	1.1B
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.5B	4B	1.1B
Capital Lease Obligations	548.9M	483.1M	401.2M	175.3M	136.8M	160.4M	199.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	7.3B	7.4B	14.9B	14.4B	13.6B	12.9B	11.5B	10.9B	11B	10.4B	9.9B	9.4B	8.6B	8.6B	8.1B	7.6B	7.4B	7.9B	9B	8.8B
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-34.3M	0.0	-34.3M	0.0	0.0	-34.3M	-31.1M	0.0	0.0	0.0	0.0	-610.7M
Preferred Stock	0.0	34.3M	34.3M	34.3M	34.3M	34.3M	0.0	34.3M	34.3M	34.3M	34.3M	34.3M	34.3M	34.3M	34.3M	34.3B	0.0	0.0	0.0	34.3M
Common Stock	2.3B	2.3B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B	1.5B	1.5B	1.4B	1.3B	1,314.2B	1.3B	1.2B	1.1B	1B
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.7B	1.7B	1.7B	1.6B	1.5B	1.5B	1.4B	1.3B	1.3B	1.3B	1.2B	1.1B	1B
Retained Earnings	-665.6M	-788.9M	926.7M	845.8M	757.9M	660.4M	622M	543.6M	476.8M	439M	324.8M	297.5M	255.7M	216.8M	201.6M	181.9M	184.2M	210.8M	225.2M	242.7M
Accumulated Other Comprehensive Income/Loss	3.3M	3.5M	-289.4M	-336M	-52.5M	-1.3M	-20M	-50.6M	-41.9M	-33.1M	-26.3M	-27.4M	-16.8M	-26.4M	-19.1M	-12.5M	-7.7M	-53M	-21.8M	-175.5M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.7B	-1.7B	-1.7B	-1.7B	-1.2B	-1.5B	-1.4B	-1.4B	0.0	0.0	-1.2B	-1B	-645M
Total Stockholders' Equity	1.6B	1.5B	2.4B	2.2B	2.4B	2.4B	2.3B	2.2B	2.1B	2.1B	1.9B	1.8B	1.7B	1.6B	1.5B	1.5B	1.4B	1.4B	1.3B	1.1B
Total Equity	1.6B	1.5B	2.4B	2.2B	2.4B	2.4B	2.3B	2.2B	2.1B	2.1B	2B	1.8B	1.8B	1.6B	1.5B	1.5B	1.5B	1.4B	1.3B	1.1B
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	34.3M	34.3M	34.3M	34.3M	34.3M	34.3M	34.3M	0.0	0.0	34.3M	34.3M	34.3M	34.3M
SUMMARY
Total Liabilities & Equity	8.9B	8.9B	17.2B	16.7B	16.1B	15.2B	13.7B	13.1B	13.1B	12.4B	11.8B	11.2B	10.3B	10.1B	9.6B	9.1B	8.9B	9.3B	10.3B	9.9B
Total Investments	0.0	0.0	0.0	8.6B	8.3B	7.5B	1.4B	1.5B	1.5B	1.1B	831.3M	619.7M	621.6M	767.4M	97.8M	-277.7B	532.1M	517.5M	250.6M	5.6M
Total Debt	3B	3.3B	3.2B	3.4B	2.6B	2.5B	2.5B	2.1B	2B	1.8B	2B	1.9B	1.8B	1.7B	1.6B	1.6B	1.7B	1.9B	1.3B	2.9B
Net Debt	2B	2.1B	3B	3.2B	2.3B	2.1B	2.3B	1.9B	1.7B	1.5B	1.7B	1.7B	1.6B	1.5B	1.4B	1.3B	1.2B	1.7B	1.2B	2.7B
Shares Outstanding	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853	172,611,853

SEC Filings

HE - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 08, 2026	May 08, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 08, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 29, 2026	June 11, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 10, 2026	April 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 10, 2026	April 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 27, 2026	March 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 16, 2026	March 16, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 02, 2026	March 02, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 27, 2026	2026	View Filing

Showing 1 to 10 of 719 filings

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