Hawaiian Electric Industries Inc (HE) — Working Capital to Net Assets Ratio
Hawaiian Electric Industries Inc (HE) has a Working Capital to Net Assets ratio of 28.2% as of March 2026. Working capital of $462.02 Million (current assets of $1.83 Billion minus current liabilities of $1.37 Billion) is measured against net assets of $1.64 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See HE free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hawaiian Electric Industries Inc Working Capital to Net Assets (1994–2025)
This chart shows how Hawaiian Electric Industries Inc's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 28.2%, reflecting working capital of $462.02 Million against net assets of $1.64 Billion USD. See Hawaiian Electric Industries Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Hawaiian Electric Industries Inc (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hawaiian Electric Industries Inc from 1994 to 2025, covering 32 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Hawaiian Electric Industries Inc (HE) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 28.4% | $456.84 Million | $1.61 Billion | $1.88 Billion | $1.43 Billion | ▼ -25.1 pp |
| 2024 | 53.5% | $809.74 Million | $1.51 Billion | $2.13 Billion | $1.32 Billion | ▲ +34.7 pp |
| 2023 | 18.8% | $447.19 Million | $2.38 Billion | $1.21 Billion | $758.71 Million | ▲ +6.6 pp |
| 2022 | 12.2% | $272.64 Million | $2.24 Billion | $718.00 Million | $445.36 Million | ▼ -4.0 pp |
| 2021 | 16.1% | $391.54 Million | $2.43 Billion | $670.97 Million | $279.43 Million | ▲ +2.6 pp |
| 2020 | 13.6% | $322.02 Million | $2.37 Billion | $657.29 Million | $335.27 Million | ▲ +9.4 pp |
| 2019 | 4.2% | $97.19 Million | $2.31 Billion | $528.48 Million | $431.28 Million | ▼ -4.8 pp |
| 2018 | 9.0% | $197.82 Million | $2.20 Billion | $514.84 Million | $317.02 Million | ▲ +0.2 pp |
| 2017 | 8.8% | $187.59 Million | $2.13 Billion | $525.09 Million | $337.50 Million | ▼ -8.2 pp |
| 2016 | 17.0% | $357.90 Million | $2.10 Billion | $526.40 Million | $168.50 Million | ▲ +3.0 pp |
| 2015 | 14.0% | $275.62 Million | $1.96 Billion | $543.24 Million | $267.63 Million | ▲ +5.4 pp |
| 2014 | 8.7% | $158.50 Million | $1.83 Billion | $489.24 Million | $330.73 Million | ▼ -3.9 pp |
| 2013 | 12.6% | $222.29 Million | $1.76 Billion | $566.82 Million | $344.53 Million | ▼ -5.1 pp |
| 2012 | 17.7% | $288.44 Million | $1.63 Billion | $610.77 Million | $322.33 Million | ▼ -1.8 pp |
| 2011 | 19.5% | $304.55 Million | $1.56 Billion | $614.59 Million | $310.04 Million | ▲ +274.5 pp |
| 2010 | -255.0% | $-3.87 Billion | $1.52 Billion | $597.65 Million | $4.47 Billion | ▲ +5.2 pp |
| 2009 | -260.2% | $-3.84 Billion | $1.48 Billion | $745.04 Million | $4.59 Billion | ▲ +60.1 pp |
| 2008 | -320.3% | $-4.56 Billion | $1.42 Billion | $484.10 Million | $5.04 Billion | ▲ +53.9 pp |
| 2007 | -374.3% | $-4.90 Billion | $1.31 Billion | $504.30 Million | $5.41 Billion | ▲ +117.0 pp |
| 2006 | -491.3% | $-5.55 Billion | $1.13 Billion | $505.94 Million | $6.05 Billion | ▼ -82.7 pp |
| 2005 | -408.6% | $-5.11 Billion | $1.25 Billion | $458.42 Million | $5.57 Billion | ▼ -11.2 pp |
| 2004 | -397.4% | $-4.95 Billion | $1.25 Billion | $382.16 Million | $5.33 Billion | ▼ -687.4 pp |
| 2003 | 290.0% | $3.16 Billion | $1.09 Billion | $3.29 Billion | $132.78 Million | ▲ +262.6 pp |
| 2002 | 27.4% | $286.44 Million | $1.05 Billion | $420.85 Million | $134.42 Million | ▼ -25.9 pp |
| 2001 | 53.3% | $495.10 Million | $929.66 Million | $614.95 Million | $119.85 Million | ▲ +61.3 pp |
| 2000 | -8.0% | $-65.95 Million | $825.01 Million | $242.47 Million | $308.42 Million | ▼ -21.6 pp |
| 1999 | 13.6% | $115.10 Million | $848.40 Million | $5.73 Billion | $5.61 Billion | ▲ +2.9 pp |
| 1998 | 10.7% | $88.80 Million | $830.60 Million | $5.61 Billion | $5.53 Billion | ▲ +16.0 pp |
| 1997 | -5.3% | $-43.10 Million | $814.70 Million | $5.42 Billion | $5.46 Billion | ▼ -23.9 pp |
| 1996 | 18.6% | $143.70 Million | $772.90 Million | $3.78 Billion | $3.64 Billion | ▼ -4.9 pp |
| 1995 | 23.5% | $171.10 Million | $729.60 Million | $3.59 Billion | $3.41 Billion | ▼ -4.9 pp |
| 1994 | 28.4% | $193.70 Million | $682.10 Million | $3.30 Billion | $3.10 Billion | — |