Is it safe?
Can HE take a bad year?
Hawaiian Electric Industries, Inc. carries $1.83B of net debt at 3.60× EBITDA: a load its earnings can carry.
$1.83B
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.60×
Net debt / EBITDA
- Altman Z-score
- 0.58
Altman Z-score · distress zone, below 1.8
- Interest cover
- 1.98×
Interest cover · operating profit barely covers the interest bill
Details›
- Total debtQ1 2026
- $2.28B
- Cash and short-term investments
- $453M
- Net debt
- $1.83B
- EBITDA, trailing twelve months
- $507M
- Operating profit, trailing twelve months
- $226M
- Debt / equity
- 1.39×
- Total debt / EBITDA
- 4.50×
- Annualised volatilitytwo years of daily moves
- 40%
- Worst drawdown on file
- −83%
- Below its 52-week high
- −33%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities - Regulated Electric
Ranks #15 of 37 by Smart Score