Add To...

    HE  Hawaiian Electric Industries I...

    Exchange

    NYSE

    Sector

    Public Utilities

    Industry

    Electric Utilities: Central

    Market Cap.

    2.779B

    Weak Balance Sheet

    HE's financial position is not ideal. The key is to check whether HE is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Cash 244.53M 223.31M 132.14M 151.51M 177.63M 145.86M 182.90M 503.92M 1.01B 992.36M
    Current Assets 420.85M 467.70M 3.43B 6.75B 6.75B 6.84B 5.45B 4.42B 4.77B 4.99B
    Total Assets 8.88B 9.20B 9.61B 9.95B 9.89B 10.29B 9.30B 8.93B 9.09B 9.59B
    Current Liabilities 134.42M 132.78M 230.55M 6.50B 6.49B 4.64B 5.04B 4.59B 4.47B 4.61B
    Total Liabilities 7.83B 8.11B 8.40B 8.73B 8.80B 9.02B 7.91B 7.48B 7.60B 8.06B
    Stockholder' Equity 1.05B 1.09B 1.21B 1.22B 1.10B 1.28B 1.39B 1.44B 1.48B 1.53B
    Current Ratio 3.13 3.52 14.89 1.04 1.04 1.47 1.08 0.96 1.07 1.08
    TL-to-TA 0.88 0.88 0.87 0.88 0.89 0.88 0.85 0.84 0.84 0.84

    Low or No Reinvestment of Profits over the past 10 years

    HE has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to HE operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Retained Earnings 176.12M 197.77M 209.00M 235.39M 242.67M 225.17M 210.84M 184.21M 181.91M 201.64M
    Retained Earnings Growth - 12.30% 5.68% 12.63% 3.09% -7.21% -6.36% -12.63% -1.25% 10.85%