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 | ||
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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