Pinnacle West Capital Corporation (PNW)

Solvency & Capital Structure

Total Debt

$15.14B

Net Debt

$15.14B

Pinnacle West Capital Corporation currently has $15.14B in total debt. Net debt is $15.14B after cash offsets.

Financial Fundamentals

PNW • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	15.14	0.01	15.14	30.69	49.3%
2025-12-31	17.85	0.01	17.84	31.68	56.3%
2025-09-30	14.25	0.03	14.22	29.89	47.7%
2025-06-30	14.00	0.02	13.99	29.24	47.9%
2025-03-31	12.13	0.01	12.12	27.24	44.5%
2024-12-31	11.05	0.00	11.04	26.10	42.3%
2024-09-30	11.32	0.05	11.27	26.31	43.0%
2024-06-30	11.21	0.00	11.21	25.70	43.6%
2024-03-31	10.50	0.01	10.50	24.85	42.3%
2023-12-31	10.30	0.00	10.30	24.66	41.8%
2023-09-30	10.13	0.02	10.12	24.43	41.5%
2023-06-30	10.10	0.01	10.09	23.98	42.1%
2023-03-31	9.78	0.01	9.77	23.58	41.5%
2022-12-31	8.88	0.00	8.87	22.72	39.1%
2022-09-30	8.61	0.01	8.60	22.84	37.7%
2022-06-30	8.62	0.03	8.59	22.50	38.3%
2022-03-31	8.33	0.01	8.31	22.20	37.5%
2021-12-31	8.18	0.01	8.17	22.00	37.2%
2021-09-30	7.65	0.03	7.62	21.54	35.5%
2021-06-30	7.65	0.01	7.63	21.06	36.3%
2021-03-31	7.11	0.02	7.10	20.18	35.2%
2020-12-31	6.92	0.06	6.86	20.02	34.6%
2020-09-30	6.82	0.18	6.64	19.75	34.5%
2020-06-30	6.71	0.01	6.70	19.31	34.7%
2020-03-31	6.11	0.06	6.05	18.56	32.9%
2019-12-31	5.81	0.01	5.80	18.48	31.5%
2019-09-30	5.57	0.03	5.54	18.38	30.3%
2019-06-30	5.68	0.00	5.68	18.17	31.3%
2019-03-31	5.50	0.01	5.49	17.85	30.8%
2018-12-31	5.21	0.01	5.21	17.66	29.5%
2018-09-30	5.22	0.06	5.15	17.67	29.5%
2018-06-30	5.41	0.00	5.40	17.49	30.9%
2018-03-31	5.24	0.02	5.23	17.15	30.6%
2017-12-31	4.97	0.01	4.95	17.02	29.2%
2017-09-30	4.83	0.01	4.82	16.98	28.4%
2017-06-30	4.88	0.00	4.88	16.67	29.3%
2017-03-31	4.61	0.00	4.60	16.19	28.4%
2016-12-31	4.32	0.01	4.32	16.00	27.0%
2016-09-30	4.28	0.05	4.23	15.81	27.1%
2016-06-30	4.26	0.04	4.21	15.54	27.4%
2016-03-31	4.08	0.01	4.07	15.19	26.9%
2015-12-31	3.82	0.04	3.78	15.03	25.4%
2015-09-30	3.73	0.01	3.71	14.88	25.0%
2015-06-30	3.83	0.01	3.81	14.70	26.0%
2015-03-31	3.71	0.01	3.70	14.44	25.7%
2014-12-31	3.56	0.01	3.55	14.31	24.9%
2014-09-30	3.43	0.01	3.42	13.98	24.5%
2014-06-30	3.55	0.01	3.54	13.69	25.9%
2014-03-31	3.60	0.10	3.49	13.45	26.7%
2013-12-31	3.49	0.01	3.48	13.51	25.8%
2013-09-30	3.39	0.14	3.25	13.82	24.5%
2013-06-30	3.45	0.03	3.42	13.56	25.4%
2013-03-31	3.43	0.03	3.40	13.30	25.8%
2012-12-31	3.41	0.03	3.39	13.38	25.5%
2012-09-30	3.43	0.08	3.35	13.46	25.5%
2012-06-30	3.54	0.01	3.53	13.21	26.8%
2012-03-31	3.66	0.02	3.64	13.18	27.8%
2011-12-31	3.50	0.03	3.46	13.11	26.7%
2011-09-30	3.92	0.56	3.36	13.15	29.8%
2011-06-30	3.67	0.09	3.58	12.47	29.4%
2011-03-31	3.70	0.11	3.58	12.30	30.0%
2010-12-31	3.60	0.11	3.49	12.36	29.1%
2010-09-30	3.70	0.20	3.51	12.44	29.8%
2010-06-30	3.79	0.05	3.74	12.16	31.2%
2010-03-31	4.09	0.00	4.08	11.93	34.2%
2009-12-31	3.80	0.15	3.66	11.81	32.2%
2009-09-30	3.81	0.13	3.68	11.83	32.2%
2009-06-30	4.25	0.23	4.03	11.86	35.8%
2009-03-31	4.10	0.10	4.01	11.42	35.9%
2008-12-31	3.88	0.11	3.77	11.62	33.4%
2008-09-30	3.64	0.10	3.54	11.45	31.8%
2008-06-30	3.48	0.10	3.38	11.58	30.0%
2008-03-31	3.65	0.02	3.63	11.20	32.6%
2007-12-31	3.63	0.06	3.58	11.24	32.3%
2007-09-30	3.57	0.04	3.53	11.40	31.3%
2007-06-30	3.44	0.02	3.42	11.18	30.8%
2007-03-31	3.32	0.12	3.20	11.01	30.2%
2006-12-31	3.27	0.09	3.18	11.46	28.5%
2006-09-30	3.38	0.13	3.25	11.26	30.0%
2006-06-30	3.08	0.02	3.06	10.65	28.9%
2006-03-31	3.18	0.31	2.86	10.76	29.5%
2005-12-31	3.01	0.15	2.86	11.32	26.6%
2005-09-30	3.43	0.87	2.56	12.07	28.4%
2005-06-30	3.52	0.30	3.22	10.73	32.8%
2005-03-31	3.16	0.17	2.99	10.02	31.5%
2004-12-31	3.27	0.16	3.11	9.90	33.1%
2004-09-30	3.29	0.37	2.92	9.97	33.0%
2004-06-30	3.33	0.27	3.06	9.74	34.2%
2004-03-31	3.19	0.02	3.17	9.38	34.0%
2003-12-31	3.41	0.23	3.18	9.54	35.8%
2003-09-30	3.38	0.20	3.18	9.11	37.1%
2003-06-30	3.43	0.09	3.34	9.07	37.9%
2003-03-31	3.34	0.07	3.27	8.75	38.1%
2002-12-31	3.26	0.08	3.19	8.43	38.7%
2002-09-30	3.46	0.03	3.43	8.51	40.6%
2002-06-30	3.50	0.01	3.49	8.24	42.5%
2002-03-31	3.42	0.02	3.40	8.17	41.9%
2001-12-31	3.20	0.03	3.18	7.98	40.2%
2001-09-30	2.95	0.03	2.92	8.36	35.3%
2001-06-30	2.81	0.01	2.79	7.55	37.2%
2001-03-31	2.30	0.25	2.05	7.60	30.3%
2000-12-31	2.50	0.01	2.49	7.15	35.0%
2000-09-30	2.36	0.09	2.27	7.17	32.9%
2000-06-30	2.39	0.07	2.32	6.84	34.9%
2000-03-31	2.40	0.13	2.27	6.67	36.0%
1999-12-31	2.36	0.02	2.34	6.61	35.7%
1999-09-30	2.32	0.02	2.29	6.72	34.5%
1999-06-30	2.41	0.03	2.37	6.80	35.4%
1999-03-31	2.44	0.03	2.42	6.77	36.0%
1998-12-31	2.40	0.02	2.38	6.82	35.1%
1998-09-30	2.33	0.03	2.30	6.91	33.7%
1998-06-30	2.45	0.03	2.42	6.77	36.1%
1998-03-31	2.37	0.02	2.35	6.75	35.2%
1997-12-31	2.48	0.03	2.46	6.85	36.3%
1997-09-30	2.50	0.05	2.45	7.04	35.6%
1997-06-30	2.63	0.03	2.61	6.95	37.9%
1997-03-31	2.56	0.05	2.50	6.95	36.8%
1996-12-31	2.55	0.03	2.52	6.99	36.4%
1996-09-30	2.56	0.06	2.49	7.01	36.5%
1996-06-30	2.63	0.02	2.61	6.94	37.8%