Hawaiian Electric Industries, Inc. (HE)

Solvency & Capital Structure

Total Debt

$2.95B

Net Debt

$2.49B

Hawaiian Electric Industries, Inc. currently has $2.95B in total debt. Net debt is $2.49B after cash offsets.

Financial Fundamentals

HE • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	2.95	0.45	2.49	8.91	33.1%
2025-12-31	2.96	0.98	1.98	8.92	33.2%
2025-09-30	2.99	1.03	1.97	8.81	34.0%
2025-06-30	2.57	0.64	1.93	8.32	30.9%
2025-03-31	3.19	1.11	2.08	8.77	36.4%
2024-12-31	3.33	1.24	2.09	8.93	37.3%
2024-09-30	3.89	1.17	2.72	17.73	21.9%
2024-06-30	3.90	0.57	3.33	17.06	22.8%
2024-03-31	3.88	0.50	3.38	16.92	22.9%
2023-12-31	3.24	0.26	2.98	17.24	18.8%
2023-09-30	3.93	0.68	3.24	16.99	23.1%
2023-06-30	3.61	0.32	3.29	16.52	21.8%
2023-03-31	3.52	0.32	3.20	16.44	21.4%
2022-12-31	3.43	0.21	3.22	16.65	20.6%
2022-09-30	3.19	0.19	3.00	16.26	19.6%
2022-06-30	2.88	0.18	2.70	16.00	18.0%
2022-03-31	2.68	0.32	2.35	15.91	16.8%
2021-12-31	2.60	0.33	2.27	16.07	16.2%
2021-09-30	2.62	0.24	2.38	15.76	16.6%
2021-06-30	2.65	0.26	2.39	15.61	17.0%
2021-03-31	2.61	0.30	2.30	15.36	17.0%
2020-12-31	2.50	0.38	2.12	15.24	16.4%
2020-09-30	2.53	0.23	2.30	14.54	17.4%
2020-06-30	2.52	0.67	1.85	14.48	17.4%
2020-03-31	2.53	0.30	2.24	13.85	18.3%
2019-12-31	2.46	0.23	2.24	13.75	17.9%
2019-09-30	2.39	0.18	2.21	13.52	17.7%
2019-06-30	2.43	0.21	2.22	13.54	18.0%
2019-03-31	2.08	0.20	1.88	13.36	15.6%
2018-12-31	2.06	0.19	1.87	13.27	15.6%
2018-09-30	2.06	0.17	1.88	12.91	15.9%
2018-06-30	2.11	0.25	1.86	12.88	16.4%
2018-03-31	2.02	0.26	1.76	12.70	15.9%
2017-12-31	1.99	0.26	1.73	12.68	15.7%
2017-09-30	1.80	0.21	1.58	12.74	14.1%
2017-06-30	1.86	0.22	1.64	12.69	14.6%
2017-03-31	1.82	0.24	1.58	12.54	14.5%
2016-12-31	1.81	0.29	1.52	12.50	14.5%
2016-09-30	1.84	0.28	1.56	12.20	15.1%
2016-06-30	1.97	1.15	0.82	11.98	16.4%
2016-03-31	2.00	1.24	0.76	11.87	16.9%
2015-12-31	2.01	1.12	0.89	11.78	17.1%
2015-09-30	2.05	1.01	1.03	11.57	17.7%
2015-06-30	1.95	0.99	0.95	11.44	17.0%
2015-03-31	1.85	0.88	0.97	11.27	16.4%
2014-12-31	1.92	0.73	1.19	11.19	17.1%
2014-09-30	1.93	0.72	1.21	10.67	18.1%
2014-06-30	1.95	0.74	1.21	10.62	18.3%
2014-03-31	1.87	0.79	1.09	10.46	17.9%
2013-12-31	1.84	0.75	1.09	10.34	17.8%
2013-09-30	1.79	0.75	1.04	10.43	17.2%
2013-06-30	1.74	0.71	1.02	10.24	17.0%
2013-03-31	1.75	0.92	0.83	10.30	17.0%
2012-12-31	1.70	0.89	0.81	10.15	16.8%
2012-09-30	1.72	0.93	0.79	9.90	17.4%
2012-06-30	1.74	0.94	0.80	9.82	17.8%
2012-03-31	1.67	0.97	0.71	9.63	17.4%
2011-12-31	1.64	0.89	0.75	9.59	17.1%
2011-09-30	1.63	0.95	0.68	9.26	17.6%
2011-06-30	1.68	1.08	0.60	9.24	18.2%
2011-03-31	1.68	1.08	0.60	9.13	18.5%
2010-12-31	1.63	1.11	0.52	9.09	17.9%
2010-09-30	1.64	1.06	0.58	8.90	18.4%
2010-06-30	1.68	1.00	0.68	8.88	18.9%
2010-03-31	1.72	0.34	1.38	8.89	19.3%
2009-12-31	1.70	1.03	0.67	8.93	19.1%
2009-09-30	1.73	0.98	0.75	9.01	19.2%
2009-06-30	1.66	0.99	0.67	9.01	18.4%
2009-03-31	1.65	0.86	0.79	8.96	18.4%
2008-12-31	1.89	0.18	1.71	9.30	20.4%
2008-09-30	2.12	0.17	1.96	9.24	23.0%
2008-06-30	2.06	0.15	1.92	9.18	22.5%
2008-03-31	3.19	0.19	3.00	10.32	30.9%
2007-12-31	1.33	0.15	1.19	10.29	13.0%
2007-09-30	3.06	0.17	2.90	10.03	30.5%
2007-06-30	3.07	0.15	2.92	9.96	30.9%
2007-03-31	2.94	0.16	2.78	9.92	29.6%
2006-12-31	2.88	0.18	2.70	9.89	29.1%
2006-09-30	2.84	0.15	2.69	9.91	28.7%
2006-06-30	3.00	0.14	2.86	10.02	30.0%
2006-03-31	2.94	0.16	2.78	9.98	29.4%
2005-12-31	2.91	0.15	2.76	9.95	29.2%
2005-09-30	1.29	0.17	1.13	9.98	13.0%
2005-06-30	1.29	0.17	1.13	9.81	13.2%
2005-03-31	1.27	0.20	1.07	9.71	13.1%
2004-12-31	1.24	0.13	1.11	9.72	12.8%
2004-09-30	1.18	0.17	1.00	9.46	12.4%
2004-06-30	1.18	0.19	0.99	9.27	12.7%
2004-03-31	1.41	0.32	1.09	9.42	15.0%
2003-12-31	1.06	0.22	0.84	9.20	11.6%
2003-09-30	1.06	0.20	0.86	9.03	11.8%
2003-06-30	1.06	0.21	0.85	9.00	11.8%
2003-03-31	1.19	0.32	0.87	9.03	13.2%
2002-12-31	1.11	0.24	0.86	8.93	12.4%
2002-09-30	1.11	0.25	0.86	8.76	12.7%
2002-06-30	1.14	0.24	0.90	8.68	13.1%
2002-03-31	1.14	0.21	0.93	8.57	13.3%
2001-12-31	1.21	0.45	0.76	8.52	14.2%
2001-09-30	1.93	0.44	1.49	8.62	22.4%
2001-06-30	2.42	0.50	1.93	8.52	28.4%
2001-03-31	2.43	0.20	2.23	8.50	28.5%
2000-12-31	0.78	0.00	0.78	2.39	32.6%
2000-09-30	2.48	0.18	2.30	8.51	29.2%
2000-06-30	2.51	0.22	2.29	8.54	29.3%
2000-03-31	2.44	0.20	2.24	8.46	28.9%
1999-12-31	2.32	0.20	2.12	8.29	28.0%
1999-09-30	2.23	0.21	2.02	8.24	27.0%
1999-06-30	2.08	0.15	1.92	8.12	25.6%
1999-03-31	1.95	0.16	1.79	8.04	24.3%
1998-12-31	1.93	0.41	1.52	8.20	23.5%
1998-09-30	1.93	0.28	1.65	8.12	23.7%
1998-06-30	2.04	0.25	1.79	8.16	25.0%
1998-03-31	1.85	0.21	1.64	7.92	23.3%
1997-12-31	1.82	0.25	1.56	7.95	22.9%
1997-09-30	1.63	0.12	1.50	6.24	26.1%
1997-06-30	1.56	0.13	1.44	6.02	26.0%
1997-03-31	1.53	0.10	1.43	6.00	25.5%
1996-12-31	2.19	0.10	2.09	5.94	36.9%
1996-09-30	1.66	0.09	1.57	5.90	28.1%
1996-06-30	1.51	0.09	1.42	5.77	26.2%