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.