Hawaiian Electric Industries (Hawaiian Electric Industries) Debt-to-EBITDA : 6.40 (As of Dec. 2023)

View and export this data going back to 1983. Start your Free Trial

What is Hawaiian Electric Industries Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Hawaiian Electric Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Hawaiian Electric Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,035 Mil. Hawaiian Electric Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was $630 Mil. Hawaiian Electric Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.40.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Hawaiian Electric Industries's Debt-to-EBITDA or its related term are showing as below:

HE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.78 Med: 3.85 Max: 6.34
Current: 6.34

During the past 13 years, the highest Debt-to-EBITDA Ratio of Hawaiian Electric Industries was 6.34. The lowest was 2.78. And the median was 3.85.

HE's Debt-to-EBITDA is ranked worse than
77.87% of 461 companies
in the Utilities - Regulated industry
Industry Median: 3.54 vs HE: 6.34

Hawaiian Electric Industries Debt-to-EBITDA Historical Data

The historical data trend for Hawaiian Electric Industries's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hawaiian Electric Industries Debt-to-EBITDA Chart

Hawaiian Electric Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

3.88

4.05

3.98

5.16

6.34

Hawaiian Electric Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															5.26	5.03	5.13	7.67	6.40

Competitive Comparison of Hawaiian Electric Industries's Debt-to-EBITDA

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hawaiian Electric Industries's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Hawaiian Electric Industries's Debt-to-EBITDA falls into.

Hawaiian Electric Industries Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Hawaiian Electric Industries's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	4035.369)	/	636.227
	=	6.34

Hawaiian Electric Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	4035.369)	/	630.26
	=	6.40

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Hawaiian Electric Industries (NYSE:HE) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Hawaiian Electric Industries Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Hawaiian Electric Industries's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Industries Inc (NYSE:HE) » Definitions » Debt-to-EBITDA

Comparable Companies

GNE VIA SUME MGEE PNM POR IDA NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG ED BOM:532898 XEL

Traded in Other Exchanges

HWI:Germany HWI:Germany

Address

1001 Bishop Street, Suite 2900, Honolulu, HI, USA, 96813

Website

https://www.hei.com

Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.

Executives

Scott Deghetto	officer: EVP, CFO & Treasurer	P.O. BOX 730, HONOLULU HI 96808
Bruce Tamashiro	officer: Controller, PAO	P.O. BOX 730, HONOLULU HI 96808
Keith P Russell	director	200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Yoko Otani	director	P.O. BOX 730, HONOLULU HI 96808
Michael J. Kennedy	director	P.O. BOX 730, HONOLULU HI 96808
Elisia Flores	director	PO BOX 730, HONOLULU HI 96808
Gregory C Hazelton	officer: SVP - Finance	220 NW SECOND AVENUE, PORTLAND OR 97209
Lau Constance H	director, officer: President	C/O HAWAIIAN ELECTRIC INDUSTRIES, INC., P O BOX 730, HONOLULIU HI 96808
Ann Teranishi	officer: Pres & CEO, Amer Savings Bank	P.O. BOX 730, HONOLULU HI 96813
Kimura Shelee M.t.	officer: Pres & CEO, Hawn Electric Co.	C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Spring Master Fund, L.p.	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Spring Master Fund A, L.p.	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Richard F Wacker	officer: Pres & CEO, Amer Savings Bank
Seu Scott W.h.	officer: Pres & CEO, Hawn Electric	C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Capital Management, Llc	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129