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Pinnacle West Capital Corporation  (PNW)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Pinnacle West Capital's Tangible Leverage Ratio

PNW's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to net new borrowings of 8.6%, Tangible Leverage Ratio fell to 2.12, below the Pinnacle West Capital's average Tangible Leverage Ratio.

Within Electric Utilities industry in the forth quarter 2023, 20 other companies have achieved lower Tangible Leverage Ratio than Pinnacle West Capital in the IV Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 1499, from total ranking in the third quarter 2023 at 1899 .

Explain Tangible Leverage Ratio?
What is PNW Market Share?
What are PNW´s Total Liabilities?


PNW Tangible Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity Change 1.98 % 2.02 % 1.12 % 2.14 % 2.67 %
Y / Y Total Liabilities Change 18.75 % 10.21 % -29.58 % -32.99 % -33.23 %
Tangible Leverage Ratio MRQ 2.12 1.88 2.01 1.85 1.82
PNW's Total Ranking # 1499 # 1899 # 2718 # 2315 # 882
Seq. Tangible Equity Change -3.54 % 7.18 % -1.41 % 0.05 % -3.51 %
Seq. Total Liabilities Change 8.6 % 0.58 % 7.16 % 1.45 % 0.79 %



Tangible Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 21
Utilities Sector # 41
Overall Market # 1499


Tangible Leverage Ratio Statistics
High Average Low
2.98 2.38 1.68
(Jun 30 2017)   (Sep 30 2022)




Financial Statements
Pinnacle West Capital's Tangible Equity $ 6,018 Millions Visit PNW's Balance sheet
Pinnacle West Capital's Total Liabilities $ 12,763 Millions Visit PNW's Balance sheet
Source of PNW's Sales Visit PNW's Sales by Geography


Cumulative Pinnacle West Capital's Tangible Leverage Ratio

PNW's Tangible Leverage Ratio for the trailling 12 Months

PNW Tangible Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity TTM Growth 1.98 % 2.02 % 1.12 % 2.14 % 2.67 %
Y / Y Total Liabilities TTM Growth 18.75 % 10.21 % -29.58 % -32.99 % -33.23 %
Tangible Leverage Ratio TTM 1.96 1.89 1.85 2.07 2.3
Total Ranking TTM # 1202 # 11 # 145 # 156 # 1264
Seq. Tangible Equity TTM Growth -3.54 % 7.18 % -1.41 % 0.05 % -3.51 %
Seq. Total Liabilities TTM Growth 8.6 % 0.58 % 7.16 % 1.45 % 0.79 %


On the trailing twelve months basis Due to the net new borrowings of 8.6% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeTangible Leverage Ratio improved to 1.96, below the Pinnacle West Capital's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Electric Utilities industry 9, during the past 12 months, other companies have achieved lower Tangible Leverage Ratio than Pinnacle West Capital. While Tangible Leverage Ratio total ranking has deteriorated during the twelve months ending in the IV Quarter 2023, compared to the prior period, from 11 to 1202.

Explain Tangible Leverage Ratio?
What is PNW Market Share?
What are PNW´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Electric Utilities Industry # 10
Utilities Sector # 24
Within the Market # 1202


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
2.86 2.38 2.15
(Dec 31 2023)   (Sep. 30, 2008)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Electric Utilities Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Ipalco Enterprises Inc   5.71 $ 5,105.055  Millions$ 894.066  Millions
Itc Holdings Corp   5.39 $ 10,270.000  Millions$ 1,904.000  Millions
Sunnova Energy International Inc   5.13 $ 9,377.931  Millions$ 1,828.982  Millions
Dte Energy Co  4.87 $ 43,346.000  Millions$ 8,906.000  Millions
Fortis Inc   4.61 $ 34,021.890  Millions$ 7,382.708  Millions
Centerpoint Energy Inc   4.15 $ 22,870.000  Millions$ 5,507.000  Millions
Constellation Energy Corporation  3.67 $ 39,833.000  Millions$ 10,861.000  Millions
Emera Incorporated  3.64 $ 17,334.580  Millions$ 4,762.222  Millions
Edison International  3.56 $ 63,814.000  Millions$ 17,944.000  Millions
Altus Power Inc   3.53 $ 1,591.382  Millions$ 451.379  Millions
Clearway Energy Inc   3.49 $ 17,186.000  Millions$ 4,923.000  Millions
Duke Energy Corporation  3.27 $ 100,876.000  Millions$ 30,884.000  Millions
Eversource Energy  3.19 $ 30,783.179  Millions$ 9,641.792  Millions
American Electric Power Co Inc   3.08 $ 77,688.900  Millions$ 25,233.400  Millions
Pg and e Corp  2.95 $ 74,529.000  Millions$ 25,292.000  Millions
Entergy Corporation  2.43 $ 34,885.958  Millions$ 14,369.007  Millions
Portland General Electric Company  2.37 $ 7,869.000  Millions$ 3,319.000  Millions
Berkshire Hathaway Energy Company  2.34 $ 89,406.000  Millions$ 38,193.000  Millions
Nextera Energy Inc  2.27 $ 119,721.000  Millions$ 52,677.000  Millions
Evergy Inc   2.23 $ 16,384.700  Millions$ 7,348.400  Millions
Nisource Inc   2.19 $ 18,917.900  Millions$ 8,650.400  Millions
Pinnacle West Capital Corporation  2.12 $ 12,763.038  Millions$ 6,017.752  Millions
Northwestern Energy Group Inc   1.98 $ 4,812.000  Millions$ 2,427.728  Millions
Xcel Energy Inc  1.95 $ 34,398.000  Millions$ 17,616.000  Millions
Astra Energy Inc   1.93 $ 6.089  Millions$ 3.154  Millions
Algonquin Power and Utilities Corp   1.87 $ 9,761.981  Millions$ 5,206.408  Millions
Hydro One Inc   1.87 $ 15,826.326  Millions$ 8,441.320  Millions
Ameren Corporation  1.73 $ 19,191.000  Millions$ 11,067.000  Millions
Public Service Enterprise Group Incorporated  1.61 $ 24,966.000  Millions$ 15,477.000  Millions
Alliant Energy Corp  1.59 $ 10,778.000  Millions$ 6,777.000  Millions

Date modified: 2024-02-27T17:57:25+00:00



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