Hawaiian Electric Industries (FRA:HWI) Long-Term Capital Lease Obligation : €414 Mil (As of Mar. 2024)

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What is Hawaiian Electric Industries Long-Term Capital Lease Obligation?

Hawaiian Electric Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €414 Mil.

Hawaiian Electric Industries's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€216 Mil) to Dec. 2023 (€406 Mil) and increased from Dec. 2023 (€406 Mil) to Mar. 2024 (€414 Mil).

Hawaiian Electric Industries's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€121 Mil) to Dec. 2022 (€165 Mil) and increased from Dec. 2022 (€165 Mil) to Dec. 2023 (€406 Mil).

Hawaiian Electric Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hawaiian Electric Industries's Long-Term Capital Lease Obligation 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 Long-Term Capital Lease Obligation Chart

Hawaiian Electric Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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179.61

131.88

121.03

165.50

406.18

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
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															195.53	219.74	216.45	406.18	413.91

Hawaiian Electric Industries (FRA:HWI) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Hawaiian Electric Industries Long-Term Capital Lease Obligation Related Terms

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Hawaiian Electric Industries (FRA:HWI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Industries Inc (FRA:HWI) » Definitions » Long-Term Capital Lease Obligation

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.

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