Hawaiian Cash Ratio vs Free Cash Flow Analysis

HE Stock

USD 10.39 0.14 1.33%

Hawaiian Electric financial indicator trend analysis is much more than just examining Hawaiian Electric latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hawaiian Electric is a good investment. Please check the relationship between Hawaiian Electric Cash Ratio and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hawaiian Electric Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Cash Ratio vs Free Cash Flow

Cash Ratio vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hawaiian Electric Cash Ratio account and Free Cash Flow. At this time, the significance of the direction appears to have strong relationship.

The correlation between Hawaiian Electric's Cash Ratio and Free Cash Flow is 0.62. Overlapping area represents the amount of variation of Cash Ratio that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Hawaiian Electric Industries, assuming nothing else is changed. The correlation between historical values of Hawaiian Electric's Cash Ratio and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Ratio of Hawaiian Electric Industries are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Cash Ratio i.e., Hawaiian Electric's Cash Ratio and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash Ratio

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Hawaiian Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hawaiian Electric current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hawaiian Electric Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At present, Hawaiian Electric's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 11.81, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.

	2021	2022	2023	2024 (projected)
Gross Profit	386.1M	381.1M	352.6M	383.5M
Total Revenue	2.9B	3.7B	3.7B	2.2B

Gross Profit Total Revenue

Hawaiian Electric fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.8	0.44	-0.52	-0.57	0.91	0.84	0.41	0.39	0.63	0.17	0.84	0.69	0.56	0.36	0.82	0.65	0.68	-0.25	-0.82	-0.92	0.77	0.36	0.76	-0.83	0.95
Total Assets	0.8		0.84	-0.55	-0.58	0.95	0.99	0.82	0.78	0.65	0.39	0.99	0.71	0.82	0.09	0.69	0.73	0.86	-0.47	-0.5	-0.64	1.0	0.69	0.97	-0.45	0.84
Short Long Term Debt Total	0.44	0.84		-0.36	-0.36	0.64	0.8	0.99	0.81	0.62	0.52	0.83	0.62	0.58	-0.16	0.49	0.54	0.71	-0.31	-0.19	-0.29	0.86	0.7	0.74	0.04	0.51
Other Current Liab	-0.52	-0.55	-0.36		1.0	-0.59	-0.58	-0.37	-0.45	-0.17	-0.17	-0.57	-0.57	-0.57	-0.13	-0.43	-0.94	-0.75	0.73	0.34	0.39	-0.53	-0.51	-0.53	0.53	-0.62
Total Current Liabilities	-0.57	-0.58	-0.36	1.0		-0.63	-0.61	-0.37	-0.47	-0.2	-0.22	-0.6	-0.61	-0.6	-0.13	-0.5	-0.94	-0.77	0.7	0.41	0.46	-0.56	-0.54	-0.55	0.57	-0.67
Total Stockholder Equity	0.91	0.95	0.64	-0.59	-0.63		0.97	0.62	0.63	0.58	0.25	0.95	0.65	0.79	0.22	0.71	0.77	0.8	-0.51	-0.58	-0.75	0.93	0.56	0.93	-0.65	0.91
Property Plant And Equipment Net	0.84	0.99	0.8	-0.58	-0.61	0.97		0.78	0.71	0.64	0.32	0.99	0.71	0.77	0.15	0.68	0.78	0.83	-0.48	-0.51	-0.65	0.98	0.62	0.95	-0.5	0.86
Net Debt	0.41	0.82	0.99	-0.37	-0.37	0.62	0.78		0.81	0.63	0.43	0.82	0.6	0.57	-0.09	0.43	0.54	0.7	-0.34	-0.16	-0.26	0.85	0.67	0.75	0.03	0.48
Retained Earnings	0.39	0.78	0.81	-0.45	-0.47	0.63	0.71	0.81		0.48	0.69	0.75	0.57	0.81	-0.26	0.57	0.49	0.88	-0.43	-0.23	-0.36	0.8	0.92	0.77	-0.01	0.61
Accounts Payable	0.63	0.65	0.62	-0.17	-0.2	0.58	0.64	0.63	0.48		0.23	0.69	0.68	0.34	0.19	0.67	0.3	0.51	-0.02	-0.56	-0.65	0.65	0.39	0.55	-0.34	0.59
Cash	0.17	0.39	0.52	-0.17	-0.22	0.25	0.32	0.43	0.69	0.23		0.38	0.42	0.47	-0.64	0.63	0.16	0.6	0.0	-0.26	-0.32	0.41	0.82	0.29	0.21	0.39
Non Current Assets Total	0.84	0.99	0.83	-0.57	-0.6	0.95	0.99	0.82	0.75	0.69	0.38		0.77	0.76	0.13	0.74	0.75	0.86	-0.42	-0.57	-0.69	0.99	0.66	0.93	-0.49	0.87
Non Currrent Assets Other	0.69	0.71	0.62	-0.57	-0.61	0.65	0.71	0.6	0.57	0.68	0.42	0.77		0.49	0.12	0.76	0.64	0.74	-0.1	-0.7	-0.66	0.72	0.59	0.58	-0.43	0.74
Cash And Short Term Investments	0.56	0.82	0.58	-0.57	-0.6	0.79	0.77	0.57	0.81	0.34	0.47	0.76	0.49		-0.09	0.53	0.63	0.85	-0.65	-0.34	-0.46	0.82	0.79	0.89	-0.38	0.7
Net Receivables	0.36	0.09	-0.16	-0.13	-0.13	0.22	0.15	-0.09	-0.26	0.19	-0.64	0.13	0.12	-0.09		-0.01	0.17	-0.06	-0.03	-0.36	-0.26	0.06	-0.32	0.13	-0.58	0.22
Good Will	0.82	0.69	0.49	-0.43	-0.5	0.71	0.68	0.43	0.57	0.67	0.63	0.74	0.76	0.53	-0.01		0.47	0.77	-0.06	-0.84	-0.93	0.67	0.64	0.58	-0.54	0.89
Common Stock Total Equity	0.65	0.73	0.54	-0.94	-0.94	0.77	0.78	0.54	0.49	0.3	0.16	0.75	0.64	0.63	0.17	0.47		0.76	-0.71	-0.36	-0.44	0.72	0.51	0.69	-0.54	0.69
Non Current Liabilities Total	0.68	0.86	0.71	-0.75	-0.77	0.8	0.83	0.7	0.88	0.51	0.6	0.86	0.74	0.85	-0.06	0.77	0.76		-0.53	-0.53	-0.64	0.86	0.87	0.83	-0.41	0.85
Inventory	-0.25	-0.47	-0.31	0.73	0.7	-0.51	-0.48	-0.34	-0.43	-0.02	0.0	-0.42	-0.1	-0.65	-0.03	-0.06	-0.71	-0.53		-0.15	0.05	-0.45	-0.43	-0.55	0.28	-0.33
Other Current Assets	-0.82	-0.5	-0.19	0.34	0.41	-0.58	-0.51	-0.16	-0.23	-0.56	-0.26	-0.57	-0.7	-0.34	-0.36	-0.84	-0.36	-0.53	-0.15		0.91	-0.48	-0.31	-0.44	0.76	-0.79
Other Stockholder Equity	-0.92	-0.64	-0.29	0.39	0.46	-0.75	-0.65	-0.26	-0.36	-0.65	-0.32	-0.69	-0.66	-0.46	-0.26	-0.93	-0.44	-0.64	0.05	0.91		-0.61	-0.39	-0.58	0.78	-0.91
Total Liab	0.77	1.0	0.86	-0.53	-0.56	0.93	0.98	0.85	0.8	0.65	0.41	0.99	0.72	0.82	0.06	0.67	0.72	0.86	-0.45	-0.48	-0.61		0.7	0.96	-0.41	0.82
Property Plant And Equipment Gross	0.36	0.69	0.7	-0.51	-0.54	0.56	0.62	0.67	0.92	0.39	0.82	0.66	0.59	0.79	-0.32	0.64	0.51	0.87	-0.43	-0.31	-0.39	0.7		0.64	-0.03	0.59
Total Current Assets	0.76	0.97	0.74	-0.53	-0.55	0.93	0.95	0.75	0.77	0.55	0.29	0.93	0.58	0.89	0.13	0.58	0.69	0.83	-0.55	-0.44	-0.58	0.96	0.64		-0.49	0.8
Short Term Debt	-0.83	-0.45	0.04	0.53	0.57	-0.65	-0.5	0.03	-0.01	-0.34	0.21	-0.49	-0.43	-0.38	-0.58	-0.54	-0.54	-0.41	0.28	0.76	0.78	-0.41	-0.03	-0.49		-0.73
Common Stock	0.95	0.84	0.51	-0.62	-0.67	0.91	0.86	0.48	0.61	0.59	0.39	0.87	0.74	0.7	0.22	0.89	0.69	0.85	-0.33	-0.79	-0.91	0.82	0.59	0.8	-0.73

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Hawaiian Electric Account Relationship Matchups

Hawaiian Electric fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	109.4M	109.4M	109.6M	109.8M	110.0M	84.7M
Total Assets	13.7B	15.0B	15.8B	16.3B	17.2B	11.3B
Short Long Term Debt Total	2.5B	2.5B	2.6B	3.4B	4.0B	2.2B
Other Current Liab	24.9M	23.5M	19.9M	21.3M	110.2M	104.7M
Total Current Liabilities	431.3M	335.3M	279.4M	445.4M	357.7M	339.8M
Total Stockholder Equity	2.3B	2.3B	2.4B	2.2B	2.3B	1.6B
Property Plant And Equipment Net	5.3B	5.4B	5.5B	5.8B	6.2B	3.7B
Net Debt	2.3B	2.2B	2.3B	3.2B	3.4B	1.9B
Retained Earnings	622.0M	660.4M	757.9M	845.8M	926.7M	973.1M
Accounts Payable	220.6M	182.3M	205.5M	251.5M	247.5M	184.3M
Cash	196.8M	341.4M	305.6M	199.9M	679.5M	713.5M
Non Current Assets Total	6.9B	7.1B	7.4B	8.2B	8.7B	5.4B
Non Currrent Assets Other	649.9M	629.1M	747.5M	1.0B	1.2B	836.8M
Cash And Short Term Investments	1.4B	2.3B	2.9B	1.6B	1.8B	1.9B
Net Receivables	5.4B	147.8M	5.5B	6.4B	575.2M	546.4M
Common Stock Total Equity	1.7B	1.7B	1.7B	1.7B	1.9B	1.1B
Liabilities And Stockholders Equity	13.7B	15.0B	15.8B	16.3B	17.2B	11.3B
Non Current Liabilities Total	11.0B	12.3B	13.2B	13.6B	14.2B	14.9B
Inventory	(416.8M)	(307.2M)	(411.8M)	(824K)	(86K)	(90.3K)
Other Current Assets	460.0M	324.8M	16.3M	5.9M	98.7M	93.8M
Total Liab	11.5B	12.7B	13.4B	14.1B	14.9B	9.6B
Property Plant And Equipment Gross	5.3B	5.4B	8.4B	5.8B	9.6B	10.0B
Total Current Assets	6.8B	7.9B	8.4B	8.1B	7.5B	5.8B
Accumulated Other Comprehensive Income	(20.0M)	(1.3M)	(52.5M)	(336.0M)	(289.4M)	(303.8M)
Short Term Debt	185.7M	129.4M	54.0M	172.6M	442.9M	389.5M
Common Stock	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B
Other Liab	4.9B	5.4B	5.6B	5.4B	6.2B	6.5B
Other Assets	1.5B	1.5B	1.4B	1K	1.1B	1.0B
Long Term Debt	2.0B	2.1B	2.3B	3.1B	3.6B	2.2B
Property Plant Equipment	5.1B	5.3B	5.4B	5.8B	6.7B	3.8B
Short Term Investments	1.2B	2.0B	2.6B	1.4B	1.1B	911.8M
Retained Earnings Total Equity	543.6M	622.0M	660.4M	757.9M	871.6M	915.2M
Deferred Long Term Liab	379.3M	395.1M	384.8M	190.2M	218.8M	368.4M
Net Tangible Assets	2.2B	2.3B	2.3B	2.1B	2.4B	2.3B
Long Term Debt Total	2.0B	2.1B	2.3B	2.3B	2.6B	2.1B

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How To Invest In Hawaiian

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Is Hawaiian Stock a good investment?

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What is Hawaiian Electric's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hawaiian Electric Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hawaiian Electric. If investors know Hawaiian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hawaiian Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.24)

Earnings Share

(11.72)

Revenue Per Share

33.159

Quarterly Revenue Growth

0.04

Return On Assets

(0.12)

The market value of Hawaiian Electric is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Electric's value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hawaiian Electric's market value can be influenced by many factors that don't directly affect Hawaiian Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Hawaiian Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hawaiian Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Hawaiian Cash Ratio vs Free Cash Flow Analysis

Cash Ratio vs Free Cash Flow

Cash Ratio vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Cash Ratio

Free Cash Flow

Hawaiian Electric fundamental ratios Correlations

Hawaiian Electric Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hawaiian Electric fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Common Stock Total Equity	- 0.94	Total Current Liabilities
Common Stock Total Equity	- 0.94	Other Current Liab
Other Stockholder Equity	- 0.93	Good Will
Other Stockholder Equity	- 0.92	Common Stock Shares Outstanding
Common Stock	- 0.91	Other Stockholder Equity
Other Current Assets	- 0.84	Good Will