Hawaiian Electric Industries Inc (HE) — Cash Flow Quality Index
Hawaiian Electric Industries Inc (HE) has a Cash Flow Quality Index of 2.00x as of March 2026. Operating cash flow of $61.03 Million exceeds net income of $30.45 Million, indicating high earnings quality where cash backs reported profits. Explore Hawaiian Electric Industries Inc (HE) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Hawaiian Electric Industries Inc Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for Hawaiian Electric Industries Inc across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see HE cash generation efficiency.
Annual Cash Flow Quality Index for Hawaiian Electric Industries Inc (1994–2025)
Year-by-year earnings quality comparison for Hawaiian Electric Industries Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 3.10x | $391.07 Million | $126.28 Million | ▼ -17.0% |
| 2023 | 3.73x | $551.47 Million | $147.77 Million | ▲ +99.6% |
| 2022 | 1.87x | $454.48 Million | $243.03 Million | ▲ +23.5% |
| 2021 | 1.51x | $375.67 Million | $248.06 Million | ▼ -29.6% |
| 2020 | 2.15x | $429.41 Million | $199.71 Million | ▼ -7.8% |
| 2019 | 2.33x | $512.47 Million | $219.77 Million | ▼ -4.9% |
| 2018 | 2.45x | $499.31 Million | $203.66 Million | ▼ -2.5% |
| 2017 | 2.51x | $420.44 Million | $167.19 Million | ▲ +27.0% |
| 2016 | 1.98x | $495.25 Million | $250.15 Million | ▼ -10.0% |
| 2015 | 2.20x | $355.88 Million | $161.77 Million | ▲ +24.2% |
| 2014 | 1.77x | $301.48 Million | $170.21 Million | ▼ -11.5% |
| 2013 | 2.00x | $327.15 Million | $163.41 Million | ▲ +20.0% |
| 2012 | 1.67x | $234.54 Million | $140.55 Million | ▼ -6.6% |
| 2011 | 1.79x | $250.37 Million | $140.12 Million | ▼ -39.5% |
| 2010 | 2.95x | $340.72 Million | $115.42 Million | ▼ -11.9% |
| 2009 | 3.35x | $284.47 Million | $84.90 Million | ▲ +17.3% |
| 2008 | 2.86x | $257.92 Million | $90.28 Million | ▲ +11.4% |
| 2007 | 2.56x | $217.34 Million | $84.78 Million | ▼ -5.7% |
| 2006 | 2.72x | $293.58 Million | $108.00 Million | ▲ +59.7% |
| 2005 | 1.70x | $215.58 Million | $126.69 Million | ▼ -25.6% |
| 2004 | 2.29x | $246.58 Million | $107.74 Million | ▲ +15.0% |
| 2003 | 1.99x | $234.89 Million | $118.05 Million | ▼ -3.5% |
| 2002 | 2.06x | $243.68 Million | $118.22 Million | ▼ -7.3% |
| 2001 | 2.22x | $198.75 Million | $89.38 Million | ▼ -63.1% |
| 2000 | 6.03x | $276.01 Million | $45.74 Million | ▲ +173.6% |
| 1999 | 2.21x | $213.70 Million | $96.90 Million | ▼ -18.9% |
| 1998 | 2.72x | $230.60 Million | $84.80 Million | ▲ +35.5% |
| 1997 | 2.01x | $173.40 Million | $86.40 Million | ▼ -0.3% |
| 1996 | 2.01x | $158.40 Million | $78.70 Million | ▼ -26.6% |
| 1995 | 2.74x | $212.60 Million | $77.50 Million | ▲ +53.7% |
| 1994 | 1.78x | $130.30 Million | $73.00 Million | — |