Hawaiian Electric Industries Inc (HE) - Net Assets
Based on the latest financial reports, Hawaiian Electric Industries Inc (HE) has net assets worth $1.64 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.91 Billion) and total liabilities ($7.28 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Hawaiian Electric Industries Inc (HE) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.64 Billion |
| % of Total Assets | 18.37% |
| Annual Growth Rate | 2.8% |
| 5-Year Change | -33.78% |
| 10-Year Change | -23.57% |
| Growth Volatility | 9.0 |
Hawaiian Electric Industries Inc - Net Assets Trend (1994–2025)
This chart illustrates how Hawaiian Electric Industries Inc's net assets have evolved over time, based on quarterly financial data. See HE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hawaiian Electric Industries Inc (1994–2025)
The table below shows the annual net assets of Hawaiian Electric Industries Inc from 1994 to 2025. For live valuation and market cap data, see market cap of Hawaiian Electric Industries Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.61 Billion | +6.11% |
| 2024-12-31 | $1.51 Billion | -36.39% |
| 2023-12-31 | $2.38 Billion | +6.36% |
| 2022-12-31 | $2.24 Billion | -7.77% |
| 2021-12-31 | $2.43 Billion | +2.25% |
| 2020-12-31 | $2.37 Billion | +2.47% |
| 2019-12-31 | $2.31 Billion | +5.37% |
| 2018-12-31 | $2.20 Billion | +3.04% |
| 2017-12-31 | $2.13 Billion | +1.46% |
| 2016-12-31 | $2.10 Billion | +7.09% |
| 2015-12-31 | $1.96 Billion | +7.46% |
| 2014-12-31 | $1.83 Billion | +3.65% |
| 2013-12-31 | $1.76 Billion | +8.18% |
| 2012-12-31 | $1.63 Billion | +4.17% |
| 2011-12-31 | $1.56 Billion | +2.97% |
| 2010-12-31 | $1.52 Billion | +2.84% |
| 2009-12-31 | $1.48 Billion | +3.67% |
| 2008-12-31 | $1.42 Billion | +8.71% |
| 2007-12-31 | $1.31 Billion | +15.95% |
| 2006-12-31 | $1.13 Billion | -9.70% |
| 2005-12-31 | $1.25 Billion | +0.45% |
| 2004-12-31 | $1.25 Billion | +14.35% |
| 2003-12-31 | $1.09 Billion | +4.08% |
| 2002-12-31 | $1.05 Billion | +12.55% |
| 2001-12-31 | $929.66 Million | +12.69% |
| 2000-12-31 | $825.01 Million | -2.76% |
| 1999-12-31 | $848.40 Million | +2.14% |
| 1998-12-31 | $830.60 Million | +1.95% |
| 1997-12-31 | $814.70 Million | +5.41% |
| 1996-12-31 | $772.90 Million | +5.93% |
| 1995-12-31 | $729.60 Million | +6.96% |
| 1994-12-31 | $682.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hawaiian Electric Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 590.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.27 Billion | 141.24% |
| Other Comprehensive Income | $3.34 Million | 0.21% |
| Total Equity | $1.61 Billion | 100.00% |
Hawaiian Electric Industries Inc Competitors by Market Cap
The table below lists competitors of Hawaiian Electric Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Helios Technologies Inc
NYSE:HLIO
|
$2.25 Billion |
|
Grupo Bafar S.A.B. de C.V
MX:BAFARB
|
$2.25 Billion |
|
Youngone
KO:111770
|
$2.25 Billion |
|
Scientech Corp
TW:3583
|
$2.25 Billion |
|
BW LPG Limited
F:BW9
|
$2.25 Billion |
|
HeiLongJiang Kingland Technology Co Ltd
SHE:000711
|
$2.25 Billion |
|
La Comer S.A.B. de C.V
MX:LACOMERUBC
|
$2.25 Billion |
|
Südzucker AG
F:SZU
|
$2.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hawaiian Electric Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,513,382,000 to 1,605,919,000, a change of 92,537,000 (6.1%).
- Net income of 126,281,000 contributed positively to equity growth.
- Dividend payments of 1,890,000 reduced retained earnings.
- Share repurchases of 35,368,000 reduced equity.
- Other comprehensive income decreased equity by 123,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $126.28 Million | +7.86% |
| Dividends Paid | $1.89 Million | -0.12% |
| Share Repurchases | $35.37 Million | -2.2% |
| Other Comprehensive Income | $-123.00K | -0.01% |
| Other Changes | $3.64 Million | +0.23% |
| Total Change | $- | 6.11% |
Book Value vs Market Value Analysis
This analysis compares Hawaiian Electric Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.07x to 1.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $12.12 | $13.02 | x |
| 1995-12-31 | $12.50 | $13.02 | x |
| 1996-12-31 | $12.53 | $13.02 | x |
| 1997-12-31 | $12.84 | $13.02 | x |
| 1998-12-31 | $12.87 | $13.02 | x |
| 1999-12-31 | $13.12 | $13.02 | x |
| 2000-12-31 | $12.62 | $13.02 | x |
| 2001-12-31 | $6.61 | $13.02 | x |
| 2002-12-31 | $14.39 | $13.02 | x |
| 2003-12-31 | $14.57 | $13.02 | x |
| 2004-12-31 | $15.62 | $13.02 | x |
| 2005-12-31 | $15.41 | $13.02 | x |
| 2006-12-31 | $13.88 | $13.02 | x |
| 2007-12-31 | $15.89 | $13.02 | x |
| 2008-12-31 | $16.81 | $13.02 | x |
| 2009-12-31 | $15.75 | $13.02 | x |
| 2010-12-31 | $16.20 | $13.02 | x |
| 2011-12-31 | $16.31 | $13.02 | x |
| 2012-12-31 | $16.73 | $13.02 | x |
| 2013-12-31 | $17.68 | $13.02 | x |
| 2014-12-31 | $17.74 | $13.02 | x |
| 2015-12-31 | $18.38 | $13.02 | x |
| 2016-12-31 | $19.40 | $13.02 | x |
| 2017-12-31 | $19.57 | $13.02 | x |
| 2018-12-31 | $20.13 | $13.02 | x |
| 2019-12-31 | $21.16 | $13.02 | x |
| 2020-12-31 | $21.69 | $13.02 | x |
| 2021-12-31 | $22.13 | $13.02 | x |
| 2022-12-31 | $20.38 | $13.02 | x |
| 2023-12-31 | $21.62 | $13.02 | x |
| 2024-12-31 | $11.92 | $13.02 | x |
| 2025-12-31 | $9.28 | $13.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hawaiian Electric Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.09%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 5.56x
- Recent ROE (7.86%) is above the historical average (5.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 10.70% | 6.14% | 0.23x | 7.59x | $4.79 Million |
| 1995 | 10.62% | 5.98% | 0.23x | 7.68x | $4.54 Million |
| 1996 | 10.18% | 5.58% | 0.24x | 7.68x | $1.41 Million |
| 1997 | 10.61% | 5.90% | 0.18x | 9.75x | $4.93 Million |
| 1998 | 10.25% | 5.71% | 0.18x | 9.91x | $2.10 Million |
| 1999 | 11.43% | 6.36% | 0.18x | 9.78x | $12.14 Million |
| 2000 | 5.54% | 2.66% | 0.72x | 2.90x | $-36.76 Million |
| 2001 | 9.61% | 6.96% | 0.15x | 9.16x | $-3.59 Million |
| 2002 | 11.30% | 7.15% | 0.19x | 8.54x | $13.59 Million |
| 2003 | 10.48% | 6.41% | 0.19x | 8.45x | $5.27 Million |
| 2004 | 8.80% | 5.70% | 0.20x | 7.80x | $-14.88 Million |
| 2005 | 10.13% | 5.72% | 0.22x | 7.96x | $1.60 Million |
| 2006 | 9.56% | 4.39% | 0.24x | 9.00x | $-4.95 Million |
| 2007 | 6.47% | 3.34% | 0.24x | 8.05x | $-46.19 Million |
| 2008 | 6.34% | 2.80% | 0.34x | 6.72x | $-52.10 Million |
| 2009 | 5.76% | 3.59% | 0.25x | 6.37x | $-61.15 Million |
| 2010 | 7.60% | 4.33% | 0.29x | 6.15x | $-36.37 Million |
| 2011 | 8.96% | 4.32% | 0.34x | 6.17x | $-16.18 Million |
| 2012 | 8.63% | 4.16% | 0.33x | 6.27x | $-22.27 Million |
| 2013 | 9.28% | 5.05% | 0.31x | 5.90x | $-12.73 Million |
| 2014 | 9.32% | 5.25% | 0.29x | 6.16x | $-12.36 Million |
| 2015 | 8.25% | 6.21% | 0.22x | 6.04x | $-34.43 Million |
| 2016 | 11.91% | 10.51% | 0.19x | 5.95x | $40.04 Million |
| 2017 | 7.84% | 6.54% | 0.20x | 5.95x | $-45.98 Million |
| 2018 | 9.27% | 7.12% | 0.22x | 6.04x | $-15.99 Million |
| 2019 | 9.41% | 7.58% | 0.21x | 5.94x | $-13.57 Million |
| 2020 | 8.34% | 7.67% | 0.17x | 6.42x | $-39.36 Million |
| 2021 | 10.15% | 8.64% | 0.18x | 6.62x | $3.65 Million |
| 2022 | 10.78% | 7.05% | 0.21x | 7.45x | $17.46 Million |
| 2023 | 8.37% | 6.06% | 0.19x | 7.25x | $-38.68 Million |
| 2024 | -94.10% | -44.23% | 0.36x | 5.90x | $-1.58 Billion |
| 2025 | 7.86% | 4.09% | 0.35x | 5.56x | $-34.31 Million |
Industry Comparison
This section compares Hawaiian Electric Industries Inc's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $12,506,431,700
- Average return on equity (ROE) among peers: 7.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hawaiian Electric Industries Inc (HE) | $1.64 Billion | 10.70% | 4.44x | $2.25 Billion |
| Ameren Corp (AEE) | $6.77 Billion | -14.39% | 2.23x | $30.07 Billion |
| American Electric Power Co Inc (AEP) | $19.06 Billion | 10.09% | 2.61x | $69.48 Billion |
| CMS Energy Corporation (CMS) | $9.71 Billion | 11.03% | 3.16x | $22.43 Billion |
| CenterPoint Energy Inc (CNP) | $1.30 Billion | 19.44% | 12.21x | $27.65 Billion |
| Dominion Energy Inc (D) | $11.50 Billion | 12.24% | 2.97x | $58.27 Billion |
| DTE Energy Company (DTE) | $7.41 Billion | 8.23% | 2.55x | $30.36 Billion |
| Duke Energy Corporation (DUK) | $51.14 Billion | 7.00% | 2.32x | $96.56 Billion |
| Consolidated Edison Inc (ED) | $5.72 Billion | 10.42% | 1.93x | $39.18 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $1.75 Billion | -4.23% | 1.82x | $519.48 Million |
| Edison International (EIX) | $10.71 Billion | 11.35% | 3.17x | $27.16 Billion |
About Hawaiian Electric Industries Inc
Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipa… Read more