Hawaiian Electric IndustriesHE -1.39%64 Interest Coverage is 1.81 as of Mar. 2026, which is 55% below its 10-year median of 3.98. GuruFocus rates HE with a GF Score™ of 64/100 and a GF Value™ of $8.02 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 449 Utilities - Regulated companies, Hawaiian Electric Industries ranks worse than 79.06% on this metric.
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
by its Interest Expense. Hawaiian Electric Industries's
Operating Income
for the
three
months ended in Mar. 2026 was $53 Mil. Hawaiian Electric Industries's Interest Expense for the
three
months ended in Mar. 2026 was $-29 Mil.
Hawaiian Electric Industries's interest coverage for the quarter that ended in Mar. 2026 was 1.81.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Hawaiian Electric Industries's Interest Coverage or its related term are showing as below:
HE'
s Interest Coverage Range Over the Past 10 Years
Min: 2.09 Med: 3.98 Max: 4.9
Current: 2.09
HE's Interest Coverage is ranked worse than 79.06% of 449
companies
in the Utilities - Regulated industry
Industry Median: 3.78
vs HE: 2.09
Hawaiian Electric Industries (NYSE:HE) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Hawaiian Electric Industries Interest Coverage Related Terms
Hawaiian Electric Industries Interest Coverage Historical Data
* 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Hawaiian Electric Industries Interest Coverage Chart
HE vs MGEE, IMSR, NKLR: Interest Coverage Comparison
For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's Interest Coverage falls into.
Hawaiian Electric Industries Interest Coverage Calculation
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:
* 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 (HE) has a Interest Coverage of 1.81 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hawaiian Electric Industries and its competitors. This is 55% below median its historical median of 3.98. Over the past decade, Hawaiian Electric Industries' Interest Coverage has ranged from 2.09 to 4.90. According to the industry distribution chart, Hawaiian Electric Industries ranks #355 out of 449 companies in the Utilities - Regulated industry, placing it in the top 79.1%.
Is Hawaiian Electric Industries' Interest Coverage too high?
Hawaiian Electric Industries' current Interest Coverage of 1.81 is 55% below median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 4.90. The Utilities - Regulated industry median Interest Coverage is 3.78. Hawaiian Electric Industries' value of 1.81 is 52.1% below this industry median. Based on the distribution chart, Hawaiian Electric Industries ranks #355 out of 449 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Hawaiian Electric Industries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hawaiian Electric Industries' Interest Coverage compare to MGEE and IMSR?
According to the Utilities - Regulated industry distribution chart, Hawaiian Electric Industries ranks #355 out of 449 companies for Interest Coverage. This places Hawaiian Electric Industries in the lower half of its industry. The industry median Interest Coverage is 3.78. Hawaiian Electric Industries' value of 1.81 is 52.1% below this benchmark. Historically, Hawaiian Electric Industries' own Interest Coverage has ranged from 2.09 to 4.90 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 3.78, Hawaiian Electric Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Utilities - Regulated company?
The median Interest Coverage among Utilities - Regulated companies is 3.78, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hawaiian Electric Industries's current Interest Coverage of 1.81 is 52.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hawaiian Electric Industries and its competitors. For the Utilities - Regulated industry, the median Interest Coverage is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hawaiian Electric Industries's current Interest Coverage is 1.81, which is 55% below median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hawaiian Electric Industries stock overvalued right now?
Based on GuruFocus' analysis, Hawaiian Electric Industries (HE) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.02, compared to a current price of $13.14 — trading 63.8% above its estimated fair value. The current Interest Coverage is 1.81, which is 55% below median its 10-year median of 3.98 and 52.1% below the Utilities - Regulated industry median of 3.78. Hawaiian Electric Industries' overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Hawaiian Electric Industries (HE), the current Interest Coverage is 1.81 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hawaiian Electric Industries (HE) Overvalued in 2026?
Based on GuruFocus' analysis, Hawaiian Electric Industries stock appears to be overvalued.
The current stock price of $13.14 is trading 63.8% above its estimated GF Value™ of $8.02.
GuruFocus considers Hawaiian Electric Industries to be Significantly Overvalued.
Key valuation signals for HE:
Interest Coverage: 1.81 (55% below median its 10-year median of 3.98)
GF Value™: $8.02 vs. price of $13.14 (63.8% above fair value)
Industry Position: 52.1% below the Utilities - Regulated median (#355 of 449)
No single metric tells the full story. See the HE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and owns a 10% minority interest in Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai.
64GF Score
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