Pinnacle West Capital Corp (PNW)

Debt-to-assets ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands 7,540,620 8,164,370 8,164,320 7,916,550 7,741,290 7,344,200 7,241,300 7,226,620 6,913,740 6,763,150 6,315,930 6,465,040 6,314,270 6,316,420 5,922,160 4,833,320 4,832,560 4,985,000 4,886,880 4,886,110
Total assets US$ in thousands 24,661,200 24,434,400 23,979,300 23,580,400 22,723,400 22,844,600 22,501,500 22,201,000 22,003,200 21,536,400 21,061,600 20,184,700 20,020,400 19,751,400 19,307,400 18,561,800 18,479,200 18,377,600 18,165,700 17,854,100
Debt-to-assets ratio 0.31 0.33 0.34 0.34 0.34 0.32 0.32 0.33 0.31 0.31 0.30 0.32 0.32 0.32 0.31 0.26 0.26 0.27 0.27 0.27

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,540,620K ÷ $24,661,200K
= 0.31

The debt-to-assets ratio of Pinnacle West Capital Corp. has been relatively stable over the past eight quarters, ranging from 0.34 to 0.37. This indicates that, on average, the company finances around 34% to 37% of its total assets through debt. The consistency in this ratio suggests a prudent approach to managing debt levels and leveraging assets to support the company's operations and investments. A lower debt-to-assets ratio generally signifies lower financial risk and greater financial stability for the company, as it indicates a lower dependency on debt financing. It is important for investors and stakeholders to monitor this ratio over time to assess Pinnacle West's leverage position and financial health.


Peer comparison

Dec 31, 2023