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

Hawaiian Electric Industries (FRA:HWI) Interest Expense : €-115 Mil (TTM As of Mar. 2024)


View and export this data going back to . Start your Free Trial

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 Mar. 2024 was € -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-115 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 Mar. 2024 was € 75 Mil. Hawaiian Electric Industries's Interest Expense for the three months ended in Mar. 2024 was € -29 Mil. Hawaiian Electric Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 2.58. 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.

* Premium members only.

Hawaiian Electric Industries Interest Expense Chart

Hawaiian Electric Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -77.80 -70.45 -80.64 -94.39 -110.34

Hawaiian Electric Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -26.90 -26.34 -29.29 -30.14 -29.06

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-115 Mil.

* 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  (FRA:HWI) Interest Expense Explanation

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. The higher, the better.

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 Mar. 2024 was €-29 Mil. Its Operating Income for the three months ended in Mar. 2024 was €75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,570 Mil.

Hawaiian Electric Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*74.929/-29.064
=2.58

* 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.

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

Hawaiian Electric Industries (FRA:HWI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Industries Inc (FRA:HWI) » Definitions » Interest Expense
Comparable Companies
GNE VIA SUME MGEE PNM POR IDA NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG BOM:532898 ED XEL
Traded in Other Exchanges
HE:USA 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.

Hawaiian Electric Industries (FRA:HWI) Headlines

No Headlines