Hawaiian Electric Co (Hawaiian Electric Co) Interest Expense : $-80.42 Mil (TTM As of Mar. 2024)

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What is Hawaiian Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hawaiian Electric Co's interest expense for the three months ended in Mar. 2024 was $ -18.60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-80.42 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 Co's Operating Income for the three months ended in Mar. 2024 was $ 64.43 Mil. Hawaiian Electric Co's Interest Expense for the three months ended in Mar. 2024 was $ -18.60 Mil. Hawaiian Electric Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.46. 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 Co Interest Expense Historical Data

The historical data trend for Hawaiian Electric Co'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 Co Interest Expense Chart

Hawaiian Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-66.39

-64.80

-69.20

-73.00

-80.94

Hawaiian Electric Co 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															-19.12	-19.58	-21.08	-21.17	-18.60

Hawaiian Electric Co 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 $-80.42 Mil.

Hawaiian Electric Co (OTCPK:HAWEL.PFD) 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 Co's Interest Expense for the three months ended in Mar. 2024 was $-18.60 Mil. Its Operating Income for the three months ended in Mar. 2024 was $64.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,285.57 Mil.

Hawaiian Electric Co'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	*	64.427	/	-18.599
	=	3.46

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

Hawaiian Electric Co (Hawaiian Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Co Inc (OTCPK:HAWEL.PFD) » Definitions » Interest Expense

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HAWLN.PFD:USA HAWLM.PFD:USA HAWLL.PFD:USA HAWLI.PFD:USA HAWEN.PFD:USA HAWEM.PFD:USA

Address

900 Richards Street, Honolulu, HI, USA, 96813

Website

http://www.hawaiianelectric.com

Hawaiian Electric Co Inc operates in the electric utility division. The business activity of the group includes producing, purchasing, distributing and selling of electricity on the islands of Oahu; Hawaii and Maui, Lanai and Molokai. It serves various suburban communities, resorts, U.S. Armed Forces installations, and agricultural operations.

Executives

Paul K Ito	officer: SVP, CFO & Treasurer	822 BISHOP STREET, HONOLULU HI 96813
Mary E Kipp	director	100 N STANTON, EL PASO TX 79901
Joseph P Viola	officer: SVP Cust., Legal & Reg Affairs	P.O. BOX 730, HONOLULU HI 96808
Shannon Asato	officer: Controller	PO BOX 730, HONOLULU HI 96808
Jason E Benn	officer: SVP, Chief Information Officer	PO BOX 730, HONOLULU HI 96808
Toby B. Taniguchi	director	P.O. BOX 730, HONOLULU HI 96813
Alana K. Pakkala	director	P.O. BOX 730, HONOLULU HI 96813
James A Ajello	director	C/O HEI, P.O. BOX 730, HONOLULU HI 96808
Kevin Michael Burke	director	C/O P.O. BOX 730, HONOLULU HI 96808
Ronald R. Cox	officer: SVP, Operations	C/O P.O. BOX 730, HONOLULU HI 96808
Kimura Shelee M.t.	officer: SVP, Bus Dev & Strat Planning	C/O P.O. BOX 730, HONOLULU HI 96808
Ching Colton K.	officer: SVP, Planning & Technology	C/O P.O. BOX 730, HONOLULU HI 96808
Seu Scott W.h.	officer: SVP, Public Affairs	C/O P.O. BOX 730, HONOLULU HI 96808
Richard J Dahl	director	DOLE FOOD CO, 1 DOLE DRIVE, WESTLAKE CA 91362
Susan A. Li	officer: SVP, GC, CCO & CORP SEC	C/O HEI, P.O. BOX 730, HONOLULU HI 96808

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