Pinnacle West Capital annual debt-to-assets ratio
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2025
Pinnacle West Capital Debt-to-Assets Ratio Growth & History (PNW)
Pinnacle West Capital's debt-to-assets ratio was 0.45 for fiscal 2025.
View full Pinnacle West Capital company overviewPinnacle West Capital annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.45 | 0.05 | +12.32% |
| 2024 | 2024-12-31 | 0.40 | 0.01 | +2.14% |
| 2023 | 2023-12-31 | 0.39 | 0.02 | +4.63% |
| 2022 | 2022-12-31 | 0.38 | 0.02 | +4.73% |
| 2021 | 2021-12-31 | 0.36 | 0.02 | +6.38% |
| 2020 | 2020-12-31 | 0.34 | 0.03 | +9.37% |
| 2019 | 2019-12-31 | 0.31 | 0.02 | +5.99% |
| 2018 | 2018-12-31 | 0.29 | 0.00 | +1.62% |
| 2017 | 2017-12-31 | 0.29 | 0.03 | +10.48% |
| 2016 | 2016-12-31 | 0.26 | 0.00 | +1.94% |
| 2015 | 2015-12-31 | 0.25 | 0.02 | +7.14% |
| 2014 | 2014-12-31 | 0.24 | −0.01 | −3.95% |
| 2013 | 2013-12-31 | 0.25 | −0.00 | −0.51% |
| 2012 | 2012-12-31 | 0.25 | −0.02 | −6.88% |
| 2011 | 2011-12-31 | 0.27 | −0.03 | −10.15% |
| 2010 | 2010-12-31 | 0.30 | −0.03 | −9.66% |
| 2009 | 2009-12-31 | 0.33 | — | — |
Pinnacle West Capital quarterly debt-to-assets ratio
Q4.09
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
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Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.48 | 0.05 | +11.73% |
| Q1 2026 | 2026-03-31 | 0.47 | 0.06 | +14.65% |
| Q4 2025 | 2025-12-31 | 0.45 | 0.05 | +12.32% |
| Q3 2025 | 2025-09-30 | 0.45 | 0.05 | +11.71% |
| Q2 2025 | 2025-06-30 | 0.43 | 0.02 | +3.73% |
| Q1 2025 | 2025-03-31 | 0.41 | 0.02 | +5.80% |
| Q4 2024 | 2024-12-31 | 0.40 | 0.01 | +2.14% |
| Q3 2024 | 2024-09-30 | 0.41 | 0.01 | +2.27% |
| Q2 2024 | 2024-06-30 | 0.42 | 0.01 | +1.71% |
| Q1 2024 | 2024-03-31 | 0.39 | −0.00 | −0.72% |
| Q4 2023 | 2023-12-31 | 0.39 | 0.02 | +4.63% |
| Q3 2023 | 2023-09-30 | 0.40 | 0.04 | +11.48% |
| Q2 2023 | 2023-06-30 | 0.41 | 0.05 | +13.80% |
| Q1 2023 | 2023-03-31 | 0.39 | 0.03 | +8.39% |
| Q4 2022 | 2022-12-31 | 0.38 | 0.02 | +4.73% |
| Q3 2022 | 2022-09-30 | 0.36 | 0.01 | +2.06% |
| Q2 2022 | 2022-06-30 | 0.36 | 0.02 | +5.86% |
| Q1 2022 | 2022-03-31 | 0.36 | 0.02 | +6.25% |
| Q4 2021 | 2021-12-31 | 0.36 | 0.02 | +6.38% |
| Q3 2021 | 2021-09-30 | 0.35 | 0.01 | +1.99% |
| Q2 2021 | 2021-06-30 | 0.34 | 0.01 | +2.05% |
| Q1 2021 | 2021-03-31 | 0.34 | 0.04 | +14.39% |
| Q4 2020 | 2020-12-31 | 0.34 | 0.03 | +9.37% |
| Q3 2020 | 2020-09-30 | 0.34 | 0.04 | +14.14% |
| Q2 2020 | 2020-06-30 | 0.33 | 0.04 | +14.97% |
| Q1 2020 | 2020-03-31 | 0.30 | 0.00 | +1.53% |
| Q4 2019 | 2019-12-31 | 0.31 | 0.02 | +5.99% |
| Q3 2019 | 2019-09-30 | 0.30 | 0.01 | +4.22% |
| Q2 2019 | 2019-06-30 | 0.29 | 0.02 | +5.52% |
| Q1 2019 | 2019-03-31 | 0.29 | 0.01 | +3.59% |
| Q4 2018 | 2018-12-31 | 0.29 | 0.00 | +1.62% |
| Q3 2018 | 2018-09-30 | 0.29 | 0.01 | +4.03% |
| Q2 2018 | 2018-06-30 | 0.27 | 0.01 | +3.79% |
| Q1 2018 | 2018-03-31 | 0.28 | 0.01 | +4.60% |
| Q4 2017 | 2017-12-31 | 0.29 | 0.03 | +10.48% |
| Q3 2017 | 2017-09-30 | 0.28 | 0.01 | +5.08% |
| Q2 2017 | 2017-06-30 | 0.26 | −0.01 | −2.16% |
| Q1 2017 | 2017-03-31 | 0.27 | 0.02 | +7.97% |
| Q4 2016 | 2016-12-31 | 0.26 | 0.00 | +1.94% |
| Q3 2016 | 2016-09-30 | 0.26 | 0.02 | +6.76% |
| Q2 2016 | 2016-06-30 | 0.27 | 0.02 | +8.08% |
| Q1 2016 | 2016-03-31 | 0.25 | −0.00 | −0.90% |
| Q4 2015 | 2015-12-31 | 0.25 | 0.02 | +7.14% |
| Q3 2015 | 2015-09-30 | 0.25 | 0.00 | +1.21% |
| Q2 2015 | 2015-06-30 | 0.25 | 0.00 | +1.44% |
| Q1 2015 | 2015-03-31 | 0.25 | −0.01 | −4.77% |
| Q4 2014 | 2014-12-31 | 0.24 | −0.01 | −3.95% |
| Q3 2014 | 2014-09-30 | 0.24 | −0.00 | −0.54% |
| Q2 2014 | 2014-06-30 | 0.25 | −0.01 | −2.41% |
| Q1 2014 | 2014-03-31 | 0.27 | 0.02 | +7.31% |
| Q4 2013 | 2013-12-31 | 0.25 | −0.00 | −0.51% |
| Q3 2013 | 2013-09-30 | 0.25 | −0.01 | −3.82% |
| Q2 2013 | 2013-06-30 | 0.25 | −0.02 | −5.86% |
| Q1 2013 | 2013-03-31 | 0.25 | −0.03 | −10.50% |
| Q4 2012 | 2012-12-31 | 0.25 | −0.02 | −6.88% |
| Q3 2012 | 2012-09-30 | 0.25 | −0.04 | −14.60% |
| Q2 2012 | 2012-06-30 | 0.27 | −0.03 | −9.05% |
| Q1 2012 | 2012-03-31 | 0.28 | −0.02 | −7.58% |
| Q4 2011 | 2011-12-31 | 0.27 | −0.03 | −10.15% |
| Q3 2011 | 2011-09-30 | 0.30 | 0.00 | +0.21% |
| Q2 2011 | 2011-06-30 | 0.29 | −0.02 | −5.55% |
| Q1 2011 | 2011-03-31 | 0.30 | — | — |
| Q4 2010 | 2010-12-31 | 0.30 | −0.03 | −10.03% |
| Q3 2010 | 2010-09-30 | 0.30 | — | — |
| Q2 2010 | 2010-06-30 | 0.31 | — | — |
| Q4 2009 | 2009-12-31 | 0.33 | — | — |
Pinnacle West Capital debt-to-assets ratio trends
Over the last five fiscal years, Pinnacle West Capital's debt-to-assets ratio increased from 0.34 to 0.45, a change of 0.11. The latest reported quarter, Q2 2026, shows 0.48.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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