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Hawaiian Electric (HE) Ratios
Hawaiian Electric Ratios
HE's free cash flow for Q2 2026 was $-549.96M. For the 2026 fiscal year, HE's free cash flow was decreased by $-138.56M and operating cash flow was $-411.40M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.32 | 1.61 | 1.59 | 1.61 | 2.40 |
| Quick Ratio | 1.32 | 1.61 | 1.59 | 1.61 | 2.40 |
| Cash Ratio | 0.69 | 0.94 | 0.34 | 0.46 | 1.11 |
| Solvency Ratio | 0.05 | -0.15 | 0.03 | 0.04 | 0.04 |
| Operating Cash Flow Ratio | 0.27 | 0.35 | 0.73 | 0.74 | 1.34 |
| Short-Term Operating Cash Flow Coverage | 3.13 | 2.95 | 33.43 | 1.90 | 6.96 |
| Net Current Asset Value | $ -5.43B | $ -5.28B | $ -13.66B | $ -13.70B | $ -12.97B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.33 | 0.37 | 0.19 | 0.21 | 0.16 |
| Debt-to-Equity Ratio | 1.84 | 2.20 | 1.36 | 1.53 | 1.07 |
| Debt-to-Capital Ratio | 0.65 | 0.69 | 0.58 | 0.61 | 0.52 |
| Long-Term Debt-to-Capital Ratio | 0.59 | 0.64 | 0.54 | 0.58 | 0.50 |
| Financial Leverage Ratio | 5.56 | 5.90 | 7.25 | 7.45 | 6.62 |
| Debt Service Coverage Ratio | 2.10 | -3.28 | 3.85 | 1.89 | 4.19 |
| Interest Coverage Ratio | 2.09 | -14.02 | 2.29 | 2.80 | 4.24 |
| Debt to Market Cap | 1.14 | 2.31 | 1.83 | 0.71 | 0.54 |
| Interest Debt Per Share | 17.80 | 27.20 | 30.65 | 32.24 | 24.63 |
| Net Debt to EBITDA | 3.67 | -1.51 | 5.32 | 5.82 | 3.41 |
| Profitability Margins | |||||
| Gross Profit Margin | 7.62% | -53.01% | 19.07% | 18.38% | 23.75% |
| EBIT Margin | 9.05% | -51.86% | 8.49% | 8.28% | 13.75% |
| EBITDA Margin | 17.47% | -43.07% | 17.07% | 16.18% | 23.53% |
| Operating Profit Margin | 7.62% | -53.01% | 8.36% | 8.17% | 13.54% |
| Pretax Profit Margin | 5.41% | -55.64% | 5.49% | 5.85% | 10.84% |
| Net Profit Margin | 4.09% | -44.23% | 6.06% | 7.05% | 8.64% |
| Continuous Operations Profit Margin | 4.09% | -41.02% | 4.44% | 4.71% | 8.64% |
| Net Income Per EBT | 75.65% | 79.49% | 110.44% | 120.53% | 79.67% |
| EBT Per EBIT | 70.94% | 104.97% | 65.61% | 71.57% | 80.03% |
| Return on Assets (ROA) | 1.42% | -15.95% | 1.16% | 1.45% | 1.53% |
| Return on Equity (ROE) | 7.86% | -94.10% | 8.37% | 10.78% | 10.15% |
| Return on Capital Employed (ROCE) | 3.14% | -22.44% | 1.67% | 1.72% | 2.45% |
| Return on Invested Capital (ROIC) | 2.34% | -16.20% | 1.35% | 1.37% | 1.94% |
| Return on Tangible Assets | 1.42% | -15.95% | 1.16% | 1.46% | 1.54% |
| Earnings Yield | 5.95% | -115.31% | 12.79% | 5.27% | 5.43% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.28 | 7.04 | 6.01 | 6.68 | 8.28 |
| Payables Turnover | 13.02 | 24.22 | 13.38 | 11.10 | 10.57 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.49 | 0.52 | 0.54 | 0.59 | 0.52 |
| Asset Turnover | 0.35 | 0.36 | 0.19 | 0.21 | 0.18 |
| Working Capital Turnover Ratio | 4.87 | 5.12 | 9.13 | 10.30 | 7.99 |
| Cash Conversion Cycle | 30.08 | 36.75 | 33.41 | 21.75 | 9.56 |
| Days of Sales Outstanding | 58.12 | 51.82 | 60.70 | 54.62 | 44.08 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 28.04 | 15.07 | 27.29 | 32.87 | 34.52 |
| Operating Cycle | 58.12 | 51.82 | 60.70 | 54.62 | 44.08 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 2.27 | 3.67 | 5.03 | 3.00 | 3.44 |
| Free Cash Flow Per Share | 0.29 | 1.07 | 0.99 | -0.01 | 0.56 |
| Dividend Paid and CapEx Coverage Ratio | 1.14 | 1.30 | 1.06 | 0.72 | 0.81 |
| Capital Expenditure Coverage Ratio | 1.15 | 1.41 | 1.25 | 1.00 | 1.19 |
| Operating Cash Flow Coverage Ratio | 0.13 | 0.14 | 0.17 | 0.10 | 0.14 |
| Operating Cash Flow to Sales Ratio | 0.13 | 0.14 | 0.17 | 0.10 | 0.13 |
| Free Cash Flow Yield | 2.35% | 11.03% | 6.98% | -0.03% | 1.35% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 17.32 | -0.87 | 7.82 | 18.99 | 18.42 |
| Price-to-Sales (P/S) Ratio | 0.69 | 0.38 | 0.47 | 1.34 | 1.59 |
| Price-to-Book (P/B) Ratio | 1.32 | 0.82 | 0.65 | 2.05 | 1.87 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 42.56 | 9.06 | 14.32 | -2999.22 | 74.17 |
| Price-to-Operating Cash Flow Ratio | 5.43 | 2.65 | 2.82 | 13.97 | 12.07 |
| Price-to-Earnings Growth (PEG) Ratio | -0.16 | 0.00 | -0.45 | -8.55 | 0.76 |
| Enterprise Value Multiple | 7.60 | -2.40 | 8.09 | 14.09 | 10.18 |
| Enterprise Value | 4.10B | 3.32B | 4.54B | 7.80B | 6.82B |
| EV to EBITDA | 7.60 | -2.40 | 8.09 | 14.09 | 10.18 |
| EV to Sales | 1.33 | 1.03 | 1.38 | 2.28 | 2.39 |
| EV to Free Cash Flow | 82.22 | 24.39 | 41.77 | -5109.93 | 111.61 |
| EV to Operating Cash Flow | 10.49 | 7.14 | 8.24 | 23.79 | 18.17 |
| Tangible Book Value Per Share | 9.31 | 11.92 | 20.93 | 19.69 | 21.44 |
| Shareholders’ Equity Per Share | 9.31 | 11.92 | 21.68 | 20.44 | 22.19 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.24 | 0.26 | 0.19 | 0.19 | 0.20 |
| Revenue Per Share | 17.89 | 25.37 | 29.96 | 31.26 | 26.08 |
| Net Income Per Share | 0.73 | -11.22 | 1.82 | 2.20 | 2.25 |
| Tax Burden | 0.76 | 0.79 | 1.10 | 1.21 | 0.80 |
| Interest Burden | 0.60 | 1.07 | 0.65 | 0.71 | 0.79 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 3.10 | -0.38 | 3.73 | 1.72 | 1.51 |
Currency in USD