Hawaiian Electric Industries Inc (HE) — Capital Reinvestment Ratio
Hawaiian Electric Industries Inc (HE) has a Capital Reinvestment Ratio of 1.70x as of March 2026, meaning it reinvests 2% of its operating cash flow ($61.03 Million) in capital expenditures ($103.53 Million). Check Hawaiian Electric Industries Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Hawaiian Electric Industries Inc Capital Reinvestment Ratio (1994–2025)
This chart tracks Hawaiian Electric Industries Inc's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see HE cash generation efficiency.
Annual Capital Reinvestment Ratio for Hawaiian Electric Industries Inc (1994–2025)
Year-by-year Capital Reinvestment Ratio for Hawaiian Electric Industries Inc from 1994 to 2025. See HE free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.87x | $391.07 Million | $341.20 Million | ▲ +23.3% |
| 2024 | 0.71x | $465.73 Million | $329.48 Million | ▼ -11.9% |
| 2023 | 0.80x | $551.47 Million | $442.73 Million | ▲ +6.1% |
| 2022 | 0.76x | $454.48 Million | $344.04 Million | ▼ -9.6% |
| 2021 | 0.84x | $375.67 Million | $314.52 Million | ▼ -6.4% |
| 2020 | 0.89x | $429.41 Million | $383.89 Million | ▲ +0.1% |
| 2019 | 0.89x | $512.47 Million | $457.52 Million | ▼ -17.0% |
| 2018 | 1.08x | $499.31 Million | $537.37 Million | ▼ -8.6% |
| 2017 | 1.18x | $420.44 Million | $495.19 Million | ▲ +76.7% |
| 2016 | 0.67x | $495.25 Million | $330.04 Million | ▼ -34.8% |
| 2015 | 1.02x | $355.88 Million | $363.80 Million | ▼ -9.3% |
| 2014 | 1.13x | $301.48 Million | $339.72 Million | ▲ +4.2% |
| 2013 | 1.08x | $327.15 Million | $353.88 Million | ▼ -22.1% |
| 2012 | 1.39x | $234.54 Million | $325.48 Million | ▲ +47.8% |
| 2011 | 0.94x | $250.37 Million | $235.12 Million | ▲ +75.7% |
| 2010 | 0.53x | $340.72 Million | $182.12 Million | ▼ -74.8% |
| 2009 | 2.12x | $284.47 Million | $602.62 Million | ▲ +93.7% |
| 2008 | 1.09x | $257.92 Million | $282.05 Million | ▲ +8.9% |
| 2007 | 1.00x | $217.34 Million | $218.30 Million | ▲ +40.1% |
| 2006 | 0.72x | $293.58 Million | $210.53 Million | ▼ -30.9% |
| 2005 | 1.04x | $215.58 Million | $223.68 Million | ▲ +19.2% |
| 2004 | 0.87x | $246.58 Million | $214.65 Million | ▲ +25.5% |
| 2003 | 0.69x | $234.89 Million | $162.89 Million | ▲ +31.9% |
| 2002 | 0.53x | $243.68 Million | $128.08 Million | ▼ -9.6% |
| 2001 | 0.58x | $198.75 Million | $115.54 Million | ▲ +19.2% |
| 2000 | 0.49x | $276.01 Million | $134.58 Million | ▼ -22.5% |
| 1999 | 0.63x | $213.70 Million | $134.40 Million | ▼ -13.0% |
| 1998 | 0.72x | $230.60 Million | $166.70 Million | ▼ -14.9% |
| 1997 | 0.85x | $173.40 Million | $147.30 Million | ▼ -34.6% |
| 1996 | 1.30x | $158.40 Million | $205.60 Million | ▲ +41.8% |
| 1995 | 0.92x | $212.60 Million | $194.60 Million | ▼ -40.5% |
| 1994 | 1.54x | $130.30 Million | $200.50 Million | — |