Pinnacle West Capital Corporation (PNW) Debt to Equity Ratio: 2.53
Is Pinnacle West Capital Corporation’s debt to equity ratio high or low?
Pinnacle West Capital Corporation's debt to equity ratio of 2.53 is 53% above its 5-year average of 1.66, near the high end of its 5-year range (1.23–2.53).
As of Wednesday, June 24, 2026. 21.34% above its 12-month average of 2.08.
PNW Debt to Equity Ratio Chart
Reported annual fiscal-period values; no daily interpolation.
PNW Average Debt to Equity Ratio Chart
PNW Current vs Average Debt to Equity Ratio Chart
PNW Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
2.53
DEBT TO EQUITY RATIO AVG TTM
2.08
DEBT TO EQUITY RATIO AVG 3Y
1.83
DEBT TO EQUITY RATIO AVG 5Y
1.66
DEBT TO EQUITY RATIO AVG 10Y
1.34
DEBT TO EQUITY RATIO AVG 15Y
1.11
DEBT TO EQUITY RATIO AVG 20Y
1.09
CURRENT VS TTM AVG
+21.34%
CURRENT VS 3Y AVG
+38.44%
CURRENT VS 5Y AVG
+52.87%
CURRENT VS 10Y AVG
+89.06%
CURRENT VS 15Y AVG
+128.75%
CURRENT VS 20Y AVG
+132.86%
PNW Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $12.61B | 2.53 | 2.08 | 1.83 | 1.66 |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.75B | 7.78 | 5.73 | 4.19 | 3.75 |
| The AES Corporation (AES)vs › | $10.48B | 4.40 | 6.18 | 8.20 | 7.84 |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 5.30 | 4.53 | 4.12 | 4.17 |
| UGI Corporation (UGI)vs › | $7.44B | 1.58 | 1.61 | 1.50 | 1.47 |
| Talen Energy Corporation (TLN)vs › | $18.70B | 6.24 | 4.21 | 3.19 | 4.01 |
| Alliant Energy Corporation (LNT)vs › | $19.26B | 1.68 | 1.58 | 1.49 | 1.42 |
| Evergy, Inc. (EVRG)vs › | $19.56B | 1.51 | 1.46 | 1.39 | 1.32 |
| Black Hills Corporation (BKH)vs › | $5.62B | 1.23 | 1.24 | 1.35 | 1.42 |
| Fluence Energy, Inc. (FLNC)vs › | $3.91B | 0.91 | 0.48 | 0.28 | 0.22 |
Financial Health
Debt/Equity
2.53
Current Ratio
0.49
Pinnacle West Capital Corporation Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Pinnacle West Capital Corporation Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Pinnacle West Capital Corporation (PNW)?
- The debt to equity ratio for PNW stock is 2.53.
- Is Pinnacle West Capital Corporation's debt to equity ratio high or low?
- Pinnacle West Capital Corporation's debt to equity ratio of 2.53 is 53% above its 5-year average of 1.66, near the high end of its 5-year range (1.23–2.53).
- What is the TTM average debt to equity ratio for Pinnacle West Capital Corporation (PNW)?
- The TTM average debt to equity ratio for PNW stock is 2.08.
- What is the 3Y average debt to equity ratio for Pinnacle West Capital Corporation (PNW)?
- The 3Y average debt to equity ratio for PNW stock is 1.83.
- What is the 5Y average debt to equity ratio for Pinnacle West Capital Corporation (PNW)?
- The 5Y average debt to equity ratio for PNW stock is 1.66.
- What is the 10Y average debt to equity ratio for Pinnacle West Capital Corporation (PNW)?
- The 10Y average debt to equity ratio for PNW stock is 1.34.
- What is the 15Y average debt to equity ratio for Pinnacle West Capital Corporation (PNW)?
- The 15Y average debt to equity ratio for PNW stock is 1.11.
- What is the 20Y average debt to equity ratio for Pinnacle West Capital Corporation (PNW)?
- The 20Y average debt to equity ratio for PNW stock is 1.09.
Pinnacle West Capital Corporation Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 2.53 |
| 2024-12-31 | 1.64 |
| 2023-12-31 | 1.67 |
| 2022-12-31 | 1.47 |
| 2021-12-31 | 1.39 |
| 2020-12-31 | 1.23 |
| 2019-12-31 | 1.07 |
| 2018-12-31 | 1.00 |
| 2017-12-31 | 0.99 |
| 2016-12-31 | 0.90 |
| 2015-12-31 | 0.83 |
| 2014-12-31 | 0.82 |
| 2013-12-31 | 0.83 |
| 2012-12-31 | 0.86 |
| 2011-12-31 | 0.91 |
| 2010-12-31 | 0.98 |
| 2009-12-31 | 1.15 |
| 2008-12-31 | 1.13 |
| 2007-12-31 | 1.03 |
| 2006-12-31 | 0.95 |
| 2005-12-31 | 0.88 |
| 2004-12-31 | 1.11 |
| 2003-12-31 | 1.20 |
| 2002-12-31 | 1.22 |
| 2001-12-31 | 1.28 |
| 2000-12-31 | 1.05 |
| 1999-12-31 | 1.07 |
| 1998-12-31 | 1.06 |
| 1997-12-31 | 1.13 |
| 1996-12-31 | 1.16 |
Related Metrics
About Pinnacle West Capital Corporation
Pinnacle West Capital Corporation (PNW), primarily operating through its Arizona Public Service Company (APS) subsidiary, delivers retail and wholesale electricity services predominantly within Arizona. The company manages the full scope of electricity provision, encompassing generation, transmission, and distribution, leveraging a diverse energy portfolio that includes coal, nuclear, natural gas, oil, and solar power facilities. Its robust infrastructure for power delivery features approximately 5,814 pole miles of overhead transmission lines and roughly 74 miles of subterranean transmission lines. For distribution, the company maintains about 11,258 miles of overhead lines and an estimated 22,821 miles of underground primary cabling. This network is further supported by 475 owned and managed transmission and distribution substations. PNW possesses or leases roughly 6,323 megawatts of regulated power generation capacity and supplies electricity to an estimated 1.3 million customers. Established in 1985, Pinnacle West Capital Corporation's corporate headquarters are situated in Phoenix, Arizona.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Theodore N. Geisler