Hawaiian Electric Industries Inc (HE) - Net Assets
Based on the latest financial reports, Hawaiian Electric Industries Inc (HE) has net assets worth $1.60 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.81 Billion) and total liabilities ($7.22 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 HE asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.60 Billion |
| % of Total Assets | 18.13% |
| Annual Growth Rate | 2.69% |
| 5-Year Change | -36.19% |
| 10-Year Change | -22.86% |
| Growth Volatility | 9.13 |
Hawaiian Electric Industries Inc - Net Assets Trend (1994–2024)
This chart illustrates how Hawaiian Electric Industries Inc's net assets have evolved over time, based on quarterly financial data. Also explore HE asset base for the complete picture of this company's asset base.
Annual Net Assets for Hawaiian Electric Industries Inc (1994–2024)
The table below shows the annual net assets of Hawaiian Electric Industries Inc from 1994 to 2024. For live valuation and market cap data, see market cap of Hawaiian Electric Industries Inc.
| Year | Net Assets | Change |
|---|---|---|
| 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 680.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.26 Billion | 149.63% |
| Other Comprehensive Income | $3.46 Million | 0.23% |
| Other Components | $34.29 Million | 2.27% |
| Total Equity | $1.51 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 |
|---|---|
|
Antong Holdings Co Ltd
SHG:600179
|
$2.64 Billion |
|
Celldex Therapeutics Inc
NASDAQ:CLDX
|
$2.64 Billion |
|
Kingclean Electric Co Ltd
SHG:603355
|
$2.64 Billion |
|
Sinch AB
ST:SINCH
|
$2.64 Billion |
|
RXO Inc.
NYSE:RXO
|
$2.64 Billion |
|
FADU Inc.
KQ:440110
|
$2.64 Billion |
|
Orion Oyj A
HE:ORNAV
|
$2.64 Billion |
|
Highwealth Construction Corp
TW:2542
|
$2.63 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 2023 to 2024, total equity changed from 2,379,134,000 to 1,513,382,000, a change of -865,752,000 (-36.4%).
- Net loss of 1,424,119,000 reduced equity.
- Dividend payments of 27,995,000 reduced retained earnings.
- Share repurchases of 556,612,000 reduced equity.
- New share issuances of 270,000 increased equity.
- Other comprehensive income increased equity by 292,811,000.
- Other factors increased equity by 849,893,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.42 Billion | -94.1% |
| Dividends Paid | $28.00 Million | -1.85% |
| Share Repurchases | $556.61 Million | -36.78% |
| Share Issuances | $270.00K | +0.02% |
| Other Comprehensive Income | $292.81 Million | +19.35% |
| Other Changes | $849.89 Million | +56.16% |
| Total Change | $- | -36.39% |
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: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $12.12 | $15.28 | x |
| 1995-12-31 | $12.50 | $15.28 | x |
| 1996-12-31 | $12.53 | $15.28 | x |
| 1997-12-31 | $12.84 | $15.28 | x |
| 1998-12-31 | $12.87 | $15.28 | x |
| 1999-12-31 | $13.12 | $15.28 | x |
| 2000-12-31 | $12.62 | $15.28 | x |
| 2001-12-31 | $6.61 | $15.28 | x |
| 2002-12-31 | $14.39 | $15.28 | x |
| 2003-12-31 | $14.57 | $15.28 | x |
| 2004-12-31 | $15.62 | $15.28 | x |
| 2005-12-31 | $15.41 | $15.28 | x |
| 2006-12-31 | $13.88 | $15.28 | x |
| 2007-12-31 | $15.89 | $15.28 | x |
| 2008-12-31 | $16.81 | $15.28 | x |
| 2009-12-31 | $15.75 | $15.28 | x |
| 2010-12-31 | $16.20 | $15.28 | x |
| 2011-12-31 | $16.31 | $15.28 | x |
| 2012-12-31 | $16.73 | $15.28 | x |
| 2013-12-31 | $17.68 | $15.28 | x |
| 2014-12-31 | $17.74 | $15.28 | x |
| 2015-12-31 | $18.38 | $15.28 | x |
| 2016-12-31 | $19.40 | $15.28 | x |
| 2017-12-31 | $19.57 | $15.28 | x |
| 2018-12-31 | $20.13 | $15.28 | x |
| 2019-12-31 | $21.16 | $15.28 | x |
| 2020-12-31 | $21.69 | $15.28 | x |
| 2021-12-31 | $22.13 | $15.28 | x |
| 2022-12-31 | $20.38 | $15.28 | x |
| 2023-12-31 | $21.62 | $15.28 | x |
| 2024-12-31 | $11.92 | $15.28 | 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): -94.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -44.23%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 5.90x
- Recent ROE (-94.10%) is below the historical average (5.87%), suggesting potential challenges in 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 |
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: $133,748,190,000
- Average return on equity (ROE) among peers: 10.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hawaiian Electric Industries Inc (HE) | $1.60 Billion | 10.70% | 4.51x | $2.64 Billion |
| Ameren Corp (AEE) | $6.03 Billion | 8.80% | 1.90x | $30.29 Billion |
| American Electric Power Co Inc (AEP) | $18.31 Billion | 10.44% | 2.53x | $71.56 Billion |
| CMS Energy Corporation (CMS) | $7.59 Billion | 11.02% | 3.13x | $22.69 Billion |
| CenterPoint Energy Inc (CNP) | $3.20 Billion | 13.82% | 5.29x | $27.64 Billion |
| Dominion Energy Inc (D) | $22.05 Billion | 11.10% | 2.53x | $54.18 Billion |
| DTE Energy Company (DTE) | $4.69 Billion | 13.47% | 3.26x | $29.58 Billion |
| Duke Energy Corporation (DUK) | $22.86 Billion | 7.46% | 1.73x | $97.70 Billion |
| Consolidated Edison Inc (ED) | $5.95 Billion | 12.33% | 1.31x | $39.37 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $1.23 Trillion | 3.92% | 1.67x | $519.48 Million |
| Edison International (EIX) | $14.19 Billion | 10.11% | 2.62x | $26.47 Billion |
About Hawaiian Electric Industries Inc
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility business in the United States. It operates through Electric Utility and Other segments. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai. This segment's renewable energy… Read more