Hawaiian Electric Co (Hawaiian Electric Co) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Hawaiian Electric Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Hawaiian Electric Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Hawaiian Electric Co's long-term debt to total assets ratio increased from Mar. 2023 (0.28) to Mar. 2024 (0.31). It may suggest that Hawaiian Electric Co is progressively becoming more dependent on debt to grow their business.

Hawaiian Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hawaiian Electric Co's LT-Debt-to-Total-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.

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Hawaiian Electric Co LT-Debt-to-Total-Asset Chart

Hawaiian Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.25

0.26

0.32

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.29	0.30	0.32	0.31

Hawaiian Electric Co LT-Debt-to-Total-Asset Calculation

Hawaiian Electric Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2327.353	/	7283.554
	=	0.32

Hawaiian Electric Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2285.568	/	7274.862
	=	0.31

Hawaiian Electric Co (OTCPK:HAWEL.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Hawaiian Electric Co LT-Debt-to-Total-Asset Related Terms

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Hawaiian Electric Co (Hawaiian Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Co Inc (OTCPK:HAWEL.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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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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