Pinnacle West Capital Corporation PNW
- Market cap
- $11.0B
- P/E
- 17.2×
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Pinnacle West Capital Corporation (PNW) Debt to equity
Pinnacle West Capital Corporation's debt to equity at the end of the quarter to 30 June 2026 was 1.6×, up 0.1× from fiscal 2025 (1.5×). Over the past ten years it has ranged from 0.8× (fiscal 2015) to 1.5× (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Utilities Regulated Electric industry median of 1.5× and above the Utilities sector median of 1.2×.
Debt to equity, annual
Annual
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.5× | 8.42% |
| FY2024 | 1.4× | (4.27%) |
| FY2023 | 1.4× | 8.76% |
| FY2022 | 1.3× | 8.08% |
| FY2021 | 1.2× | 8.39% |
| FY2020 | 1.1× | 8.90% |
| FY2019 | 1.0× | 6.15% |
| FY2018 | 1.0× | 0.80% |
| FY2017 | 1.0× | 10.41% |
| FY2016 | 0.9× | 8.23% |
Quarterly
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 1.6× | 3.93% |
| Mar 2026 | 1.5× | 3.75% |
| Dec 2025 | 1.5× | 2.55% |
| Sep 2025 | 1.5× | (3.30%) |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| ENIC Enel Chile S.A. compare | 0.0× |
| IDA IDACORP, Inc. compare | 1.0× |
| OGE OGE Energy Corporation compare | 1.2× |
| EVRG Evergy Inc. compare | 1.3× |
| TXNM TXNM Energy, Inc. compare | 1.5× |
| KEP Korea Electric Power Corporation compare | 1.6× |
| PNW Pinnacle West Capital Corporation | 1.6× |
| LNT Alliant Energy Corporation compare | 1.6× |
| EIX Edison International compare | 2.2× |
| Utilities Regulated Electric industry median | 1.5× |
| Utilities sector median | 1.2× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on PNW
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement