Hawaiian Electric Industries (Hawaiian Electric Industries) Cash And Cash Equivalents : $680 Mil (As of Dec. 2023)

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What is Hawaiian Electric Industries Cash And Cash Equivalents?

Hawaiian Electric Industries's quarterly cash and cash equivalents increased from Jun. 2023 ($314.28 Mil) to Sep. 2023 ($667.13 Mil) and increased from Sep. 2023 ($667.13 Mil) to Dec. 2023 ($679.55 Mil).

Hawaiian Electric Industries's annual cash and cash equivalents declined from Dec. 2021 ($305.55 Mil) to Dec. 2022 ($199.88 Mil) but then increased from Dec. 2022 ($199.88 Mil) to Dec. 2023 ($679.55 Mil).

Hawaiian Electric Industries Cash And Cash Equivalents Historical Data

The historical data trend for Hawaiian Electric Industries's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hawaiian Electric Industries Cash And Cash Equivalents Chart

Hawaiian Electric Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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196.81

341.42

305.55

199.88

679.55

Hawaiian Electric Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															199.88	315.33	314.28	667.13	679.55

Hawaiian Electric Industries Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Hawaiian Electric Industries (NYSE:HE) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Hawaiian Electric Industries Cash And Cash Equivalents Related Terms

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Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Industries Inc (NYSE:HE) » Definitions » Cash And Cash Equivalents

Comparable Companies

GNE VIA SUME MGEE PNM POR IDA NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG BOM:532898 ED XEL

Traded in Other Exchanges

HWI:Germany HWI:Germany

Address

1001 Bishop Street, Suite 2900, Honolulu, HI, USA, 96813

Website

https://www.hei.com

Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.

Executives

Scott Deghetto	officer: EVP, CFO & Treasurer	P.O. BOX 730, HONOLULU HI 96808
Bruce Tamashiro	officer: Controller, PAO	P.O. BOX 730, HONOLULU HI 96808
Keith P Russell	director	200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Yoko Otani	director	P.O. BOX 730, HONOLULU HI 96808
Michael J. Kennedy	director	P.O. BOX 730, HONOLULU HI 96808
Elisia Flores	director	PO BOX 730, HONOLULU HI 96808
Gregory C Hazelton	officer: SVP - Finance	220 NW SECOND AVENUE, PORTLAND OR 97209
Lau Constance H	director, officer: President	C/O HAWAIIAN ELECTRIC INDUSTRIES, INC., P O BOX 730, HONOLULIU HI 96808
Ann Teranishi	officer: Pres & CEO, Amer Savings Bank	P.O. BOX 730, HONOLULU HI 96813
Kimura Shelee M.t.	officer: Pres & CEO, Hawn Electric Co.	C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Spring Master Fund, L.p.	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Spring Master Fund A, L.p.	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Richard F Wacker	officer: Pres & CEO, Amer Savings Bank
Seu Scott W.h.	officer: Pres & CEO, Hawn Electric	C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Capital Management, Llc	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129