Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hawaiian Electric Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,345 Mil. Hawaiian Electric Industries's Total Assets for the quarter that ended in Dec. 2023 was $17,244 Mil.
Therefore, Hawaiian Electric Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.14.
The historical rank and industry rank for Hawaiian Electric Industries's Equity-to-Asset or its related term are showing as below:
HE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.16 Max: 0.17
Current: 0.14
During the past 13 years, the highest Equity to Asset Ratio of Hawaiian Electric Industries was 0.17. The lowest was 0.14. And the median was 0.16.
HE's Equity-to-Asset is ranked worse than 93.85% of 520
companies
in the Utilities - Regulated industry
Industry Median: 0.38
vs HE: 0.14
Hawaiian Electric Industries Equity-to-Asset Historical Data
The historical data trend for Hawaiian Electric Industries's Equity-to-Asset 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 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Equity-to-Asset
0.17
0.16
0.15
0.14
0.14
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
Equity-to-Asset
0.14
0.14
0.14
0.13
0.14
Competitive Comparison
For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's Equity-to-Asset falls into.
Hawaiian Electric Industries Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Hawaiian Electric Industries's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Hawaiian Electric Industries (NYSE:HE) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Hawaiian Electric Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Hawaiian Electric Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description
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.
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