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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 Working Capital Ratio

PNW's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 0.67 below Pinnacle West Capital Corporation average.

Within Electric Utilities industry 29 other companies have achieved higher Working Capital Ratio than Pinnacle West Capital in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 1747, from total ranking in the third quarter 2023 at 3322.

Explain Working Capital Ratio
How much in Current Assets PNWs has?
What is the value of PNWs Current Liabilities?


PNW Working Capital 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 Current Liabilities Change 63.97 % -4.49 % -4.44 % 7.99 % 0.3 %
Y / Y Current Assets Change 10.08 % 7.21 % 2.98 % 9.64 % 12.86 %
Working Capital Ratio MRQ 0.67 1.1 0.96 1.01 0.99
PNW's Total Ranking # 1747 # 3322 # 3833 # 3897 # 4478
Seq. Current Liabilities Change 46.79 % 1.85 % 12.08 % -2.15 % -14.5 %
Seq. Current Assets Change -10.87 % 16.75 % 5.91 % -0.12 % -13.19 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 30
Utilities Sector # 59
Overall Market # 1744


Working Capital Ratio Statistics
High Average Low
1.28 0.79 0.47
(Sep. 30, 2010)   (Mar 31 2020)




Financial Statements
Pinnacle West Capital's Current Liabilities $ 2,889 Millions Visit PNW's Balance sheet
Pinnacle West Capital's Current Assets $ 1,927 Millions Visit PNW's Balance sheet
Source of PNW's Sales Visit PNW's Sales by Geography


Cumulative Pinnacle West Capital's Working Capital Ratio

PNW's Working Capital Ratio for the trailling 12 Months

PNW Working Capital 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 Current Liabilities TTM Growth 63.97 % -4.49 % -4.44 % 7.99 % 0.3 %
Y / Y Current Assets TTM Growth 10.08 % 7.21 % 2.98 % 9.64 % 12.86 %
Working Capital Ratio TTM 0.9 1.02 0.98 0.97 0.96
Total Ranking TTM # 1477 # 2824 # 4116 # 1361 # 1760
Seq. Current Liabilities TTM Growth 46.79 % 1.85 % 12.08 % -2.15 % -14.5 %
Seq. Current Assets TTM Growth -10.87 % 16.75 % 5.91 % -0.12 % -13.19 %


On the trailing twelve months basis Due to jump in Current Liabilities in the IV Quarter 2023 to $2,889.35 millions, cumulative Working Capital Ratio decreased to 0.9 above the PNW average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Electric Utilities industry 29 other companies have achieved higher Working Capital Ratio than Pinnacle West Capital. While Working Capital Ratio overall ranking has improved so far to 1477, from total ranking during the twelve months ending third quarter 2023 at 2824.

Explain Working Capital Ratio
How much in Current Assets PNWs has?
What is the value of PNWs Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Electric Utilities Industry # 30
Utilities Sector # 62
Within the Market # 1477


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.02 0.78 0.54
(Sep 30 2023)   (Mar 31 2020)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Electric Utilities Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Clearway Energy Inc   1.72 $ 1,560.000  Millions$ 906.000  Millions
Idacorp Inc   1.58 $ 1,004.054  Millions$ 634.076  Millions
Nextera Energy Partners Lp  1.33 $ 2,216.000  Millions$ 1,671.000  Millions
Constellation Energy Corporation  1.31 $ 8,299.000  Millions$ 6,319.000  Millions
Allete Inc   1.24 $ 468.100  Millions$ 377.600  Millions
Ormat Technologies Inc   1.20 $ 646.003  Millions$ 537.012  Millions
Vistra Corp   1.18 $ 11,637.000  Millions$ 9,823.000  Millions
Nrg Energy inc  1.02 $ 9,727.000  Millions$ 9,500.000  Millions
Consolidated Edison Inc   1.01 $ 6,537.000  Millions$ 6,462.000  Millions
Wisconsin Public Service Corporation  0.87 $ 503.300  Millions$ 580.000  Millions
Nisource Inc   0.86 $ 4,537.700  Millions$ 5,265.100  Millions
Dpl Inc   0.86 $ 363.100  Millions$ 423.700  Millions
Portland General Electric Company  0.86 $ 935.000  Millions$ 1,092.000  Millions
Sunnova Energy International Inc   0.85 $ 936.248  Millions$ 1,095.292  Millions
Pg and e Corp  0.83 $ 14,383.000  Millions$ 17,314.000  Millions
Emera Incorporated  0.82 $ 2,840.328  Millions$ 3,480.704  Millions
Wisconsin Electric Power Company  0.81 $ 1,205.300  Millions$ 1,484.900  Millions
Edison International  0.79 $ 6,811.000  Millions$ 8,598.000  Millions
Centerpoint Energy Inc   0.78 $ 3,027.000  Millions$ 3,864.000  Millions
Northwestern Energy Group Inc   0.77 $ 407.006  Millions$ 531.560  Millions
Berkshire Hathaway Energy Company  0.76 $ 10,198.000  Millions$ 13,421.000  Millions
Duke Energy Corporation  0.74 $ 12,769.000  Millions$ 17,283.000  Millions
Xcel Energy Inc  0.72 $ 4,069.000  Millions$ 5,652.000  Millions
Ameren Corporation  0.69 $ 2,181.000  Millions$ 3,169.000  Millions
Tennessee Valley Authority  0.69 $ 3,676.000  Millions$ 5,352.000  Millions
Firstenergy Corp  0.67 $ 3,615.000  Millions$ 5,386.000  Millions
Eversource Energy  0.67 $ 4,247.994  Millions$ 6,341.397  Millions
Public Service Enterprise Group Incorporated  0.67 $ 3,373.000  Millions$ 5,057.000  Millions
Pinnacle West Capital Corporation  0.67 $ 1,926.967  Millions$ 2,889.347  Millions
Avangrid Inc   0.65 $ 3,404.000  Millions$ 5,239.000  Millions

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



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