Pinnacle West Capital Corp (PNW)
Current ratio
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 1,689,400 | 2,264,570 | 2,048,600 | 1,781,980 | 1,926,970 | 2,161,940 | 1,851,740 | 1,748,390 | 1,750,550 | 2,016,560 | 1,798,150 | 1,594,590 | 1,551,100 | 1,709,150 | 1,523,180 | 1,169,780 | 1,198,320 | 1,454,690 | 1,147,090 | 1,078,310 |
Total current liabilities | US$ in thousands | 2,843,800 | 3,197,350 | 3,112,020 | 3,055,870 | 2,889,350 | 1,968,340 | 1,932,580 | 1,724,330 | 1,762,140 | 2,060,900 | 2,022,450 | 1,596,730 | 1,756,870 | 1,649,260 | 2,023,270 | 1,330,540 | 1,360,430 | 1,244,780 | 1,496,360 | 2,295,490 |
Current ratio | 0.59 | 0.71 | 0.66 | 0.58 | 0.67 | 1.10 | 0.96 | 1.01 | 0.99 | 0.98 | 0.89 | 1.00 | 0.88 | 1.04 | 0.75 | 0.88 | 0.88 | 1.17 | 0.77 | 0.47 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,689,400K ÷ $2,843,800K
= 0.59
The current ratio of Pinnacle West Capital Corp has shown fluctuation over the periods mentioned. It started at a low of 0.47 as of March 31, 2020, indicating a potential liquidity issue. However, the ratio improved in the following quarters, reaching a peak of 1.17 as of September 30, 2020, suggesting a sufficient level of current assets compared to current liabilities.
Thereafter, the current ratio decreased but remained above 1, reflecting a healthy liquidity position. There were fluctuations in the ratio over the subsequent quarters, with values ranging from 0.58 to 1.10 as of December 31, 2024. This indicates some variability in the company's ability to meet short-term obligations using its current assets.
Overall, the trend in the current ratio of Pinnacle West Capital Corp shows some volatility, but the ratio generally remained above 1 in most periods, suggesting the company has adequate current assets to cover its current liabilities. However, management may need to monitor and maintain a balance between current assets and current liabilities to ensure sufficient liquidity in the future.
Peer comparison
Dec 31, 2024