Hawaiian Electric Industries (Hawaiian Electric Industries) Interest Expense : $-120 Mil (TTM As of Dec. 2023)

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What is Hawaiian Electric Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hawaiian Electric Industries's interest expense for the three months ended in Dec. 2023 was $ -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-120 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Hawaiian Electric Industries's Operating Income for the three months ended in Dec. 2023 was $ 91 Mil. Hawaiian Electric Industries's Interest Expense for the three months ended in Dec. 2023 was $ -33 Mil. Hawaiian Electric Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 2.77. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hawaiian Electric Industries Interest Expense Historical Data

The historical data trend for Hawaiian Electric Industries's Interest Expense 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.

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Hawaiian Electric Industries Interest Expense Chart

Hawaiian Electric Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-86.45

-85.70

-91.11

-99.99

-120.33

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
Interest Expense	Get a 7-Day Free Trial															-26.45	-27.67	-28.54	-31.26	-32.87

Hawaiian Electric Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-120 Mil.

Hawaiian Electric Industries (NYSE:HE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hawaiian Electric Industries's Interest Expense for the three months ended in Dec. 2023 was $-33 Mil. Its Operating Income for the three months ended in Dec. 2023 was $91 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,035 Mil.

Hawaiian Electric Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	90.996	/	-32.87
	=	2.77

The higher the ratio, the stronger the company's financial strength is.

Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Industries Inc (NYSE:HE) » Definitions » Interest Expense

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