Pinnacle Net Tangible Assets vs Long Term Debt Analysis

PNW Stock

USD 73.69 0.51 0.69%

Pinnacle West financial indicator trend analysis is much more than just breaking down Pinnacle West Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle West Capital is a good investment. Please check the relationship between Pinnacle West Net Tangible Assets and its Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Net Tangible Assets vs Long Term Debt

Net Tangible Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Net Tangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Pinnacle West's Net Tangible Assets and Long Term Debt is 0.92. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Pinnacle West Capital, assuming nothing else is changed. The correlation between historical values of Pinnacle West's Net Tangible Assets and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Pinnacle West Capital are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Tangible Assets i.e., Pinnacle West's Net Tangible Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Long Term Debt

Long-term debt is a debt that Pinnacle West Capital has held for over one year. Long-term debt appears on Pinnacle West Capital balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Pinnacle West Capital balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Pinnacle West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle West Capital current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to climb to about 111.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 151.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	1.7B	1.8B	1.8B
Total Revenue	3.8B	4.3B	4.7B	3.1B

Gross Profit Total Revenue

Pinnacle West fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Common Stock Shares Outstanding		0.67	0.3	0.83	0.59	0.77	0.7	0.3	0.75	0.66	-0.26	0.67	-0.26	-0.26	0.64	0.34	0.61	0.5	0.46	-0.66	0.62	0.4	0.55	0.18	0.96	-0.93
Total Assets	0.67		0.7	0.92	0.79	0.98	1.0	0.7	0.98	0.88	-0.28	1.0	-0.23	-0.28	0.81	0.57	0.99	0.73	0.67	-0.57	1.0	0.73	0.89	0.32	0.85	-0.81
Short Long Term Debt Total	0.3	0.7		0.53	0.61	0.62	0.68	1.0	0.64	0.72	-0.35	0.69	-0.17	-0.35	0.69	0.37	0.71	0.96	0.71	-0.39	0.72	0.98	0.77	0.72	0.44	-0.53
Other Current Liab	0.83	0.92	0.53		0.75	0.97	0.94	0.53	0.96	0.79	-0.28	0.93	-0.26	-0.28	0.72	0.67	0.88	0.65	0.7	-0.77	0.89	0.59	0.75	0.24	0.94	-0.87
Total Current Liabilities	0.59	0.79	0.61	0.75		0.76	0.8	0.61	0.76	0.85	-0.47	0.78	-0.13	-0.47	0.82	0.44	0.73	0.7	0.65	-0.45	0.79	0.65	0.79	0.68	0.7	-0.68
Total Stockholder Equity	0.77	0.98	0.62	0.97	0.76		0.99	0.62	1.0	0.84	-0.29	0.98	-0.3	-0.29	0.76	0.61	0.96	0.69	0.67	-0.67	0.96	0.66	0.81	0.26	0.92	-0.85
Property Plant And Equipment Net	0.7	1.0	0.68	0.94	0.8	0.99		0.68	0.99	0.87	-0.3	1.0	-0.23	-0.3	0.81	0.59	0.98	0.72	0.67	-0.61	0.99	0.7	0.88	0.31	0.87	-0.82
Net Debt	0.3	0.7	1.0	0.53	0.61	0.62	0.68		0.64	0.72	-0.36	0.69	-0.17	-0.36	0.69	0.37	0.71	0.96	0.71	-0.39	0.72	0.98	0.77	0.72	0.44	-0.53
Retained Earnings	0.75	0.98	0.64	0.96	0.76	1.0	0.99	0.64		0.85	-0.28	0.99	-0.3	-0.28	0.77	0.6	0.96	0.69	0.67	-0.65	0.97	0.67	0.82	0.27	0.91	-0.85
Accounts Payable	0.66	0.88	0.72	0.79	0.85	0.84	0.87	0.72	0.85		-0.34	0.87	-0.2	-0.34	0.89	0.27	0.85	0.78	0.55	-0.38	0.88	0.78	0.91	0.52	0.77	-0.84
Cash	-0.26	-0.28	-0.35	-0.28	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34		-0.28	-0.18	1.0	-0.44	-0.33	-0.24	-0.44	-0.29	0.39	-0.28	-0.46	-0.34	-0.51	-0.29	0.22
Non Current Assets Total	0.67	1.0	0.69	0.93	0.78	0.98	1.0	0.69	0.99	0.87	-0.28		-0.24	-0.28	0.79	0.58	0.99	0.72	0.67	-0.58	0.99	0.71	0.87	0.3	0.85	-0.8
Non Currrent Assets Other	-0.26	-0.23	-0.17	-0.26	-0.13	-0.3	-0.23	-0.17	-0.3	-0.2	-0.18	-0.24		-0.18	-0.07	-0.22	-0.21	-0.15	-0.26	0.32	-0.21	-0.13	-0.1	-0.07	-0.28	0.34
Cash And Short Term Investments	-0.26	-0.28	-0.35	-0.28	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34	1.0	-0.28	-0.18		-0.44	-0.33	-0.24	-0.44	-0.29	0.39	-0.28	-0.46	-0.34	-0.51	-0.29	0.22
Net Receivables	0.64	0.81	0.69	0.72	0.82	0.76	0.81	0.69	0.77	0.89	-0.44	0.79	-0.07	-0.44		0.38	0.78	0.77	0.48	-0.46	0.82	0.76	0.94	0.54	0.72	-0.79
Common Stock Total Equity	0.34	0.57	0.37	0.67	0.44	0.61	0.59	0.37	0.6	0.27	-0.33	0.58	-0.22	-0.33	0.38		0.55	0.43	0.57	-0.88	0.55	0.38	0.42	0.15	0.48	-0.35
Non Current Liabilities Total	0.61	0.99	0.71	0.88	0.73	0.96	0.98	0.71	0.96	0.85	-0.24	0.99	-0.21	-0.24	0.78	0.55		0.71	0.64	-0.53	0.99	0.73	0.9	0.26	0.8	-0.77
Inventory	0.5	0.73	0.96	0.65	0.7	0.69	0.72	0.96	0.69	0.78	-0.44	0.72	-0.15	-0.44	0.77	0.43	0.71		0.72	-0.54	0.74	0.97	0.78	0.76	0.59	-0.67
Other Current Assets	0.46	0.67	0.71	0.7	0.65	0.67	0.67	0.71	0.67	0.55	-0.29	0.67	-0.26	-0.29	0.48	0.57	0.64	0.72		-0.6	0.66	0.69	0.54	0.58	0.57	-0.55
Other Stockholder Equity	-0.66	-0.57	-0.39	-0.77	-0.45	-0.67	-0.61	-0.39	-0.65	-0.38	0.39	-0.58	0.32	0.39	-0.46	-0.88	-0.53	-0.54	-0.6		-0.53	-0.45	-0.43	-0.22	-0.7	0.62
Total Liab	0.62	1.0	0.72	0.89	0.79	0.96	0.99	0.72	0.97	0.88	-0.28	0.99	-0.21	-0.28	0.82	0.55	0.99	0.74	0.66	-0.53		0.74	0.91	0.33	0.81	-0.78
Property Plant And Equipment Gross	0.4	0.73	0.98	0.59	0.65	0.66	0.7	0.98	0.67	0.78	-0.46	0.71	-0.13	-0.46	0.76	0.38	0.73	0.97	0.69	-0.45	0.74		0.82	0.71	0.52	-0.61
Total Current Assets	0.55	0.89	0.77	0.75	0.79	0.81	0.88	0.77	0.82	0.91	-0.34	0.87	-0.1	-0.34	0.94	0.42	0.9	0.78	0.54	-0.43	0.91	0.82		0.46	0.69	-0.76
Short Term Debt	0.18	0.32	0.72	0.24	0.68	0.26	0.31	0.72	0.27	0.52	-0.51	0.3	-0.07	-0.51	0.54	0.15	0.26	0.76	0.58	-0.22	0.33	0.71	0.46		0.2	-0.3
Common Stock	0.96	0.85	0.44	0.94	0.7	0.92	0.87	0.44	0.91	0.77	-0.29	0.85	-0.28	-0.29	0.72	0.48	0.8	0.59	0.57	-0.7	0.81	0.52	0.69	0.2		-0.94
Current Deferred Revenue	-0.93	-0.81	-0.53	-0.87	-0.68	-0.85	-0.82	-0.53	-0.85	-0.84	0.22	-0.8	0.34	0.22	-0.79	-0.35	-0.77	-0.67	-0.55	0.62	-0.78	-0.61	-0.76	-0.3	-0.94

Click cells to compare fundamentals

Pinnacle West Account Relationship Matchups

Pinnacle West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	112.8M	112.9M	113.2M	113.4M	113.8M	105.8M
Total Assets	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Short Long Term Debt Total	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Other Current Liab	739.6M	749.7M	779.1M	793.3M	852.5M	548.6M
Total Current Liabilities	2.1B	1.4B	1.8B	1.8B	2.9B	1.4B
Total Stockholder Equity	5.4B	5.6B	5.9B	6.0B	6.2B	4.1B
Property Plant And Equipment Net	14.4B	15.4B	16.6B	17.4B	19.0B	10.5B
Net Debt	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Retained Earnings	2.8B	3.0B	3.3B	3.4B	3.5B	1.8B
Accounts Payable	346.4M	318.6M	393.1M	430.4M	442.5M	311.4M
Cash	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Non Current Assets Total	17.4B	18.8B	20.5B	21.0B	22.7B	12.9B
Non Currrent Assets Other	97.0M	92.9M	97.9M	1.9B	1.9B	1.1B
Cash And Short Term Investments	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Net Receivables	408.1M	432.8M	508.1M	608.3M	659.3M	448.5M
Common Stock Total Equity	2.6B	2.7B	2.7B	2.7B	3.1B	2.1B
Liabilities And Stockholders Equity	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Non Current Liabilities Total	10.8B	12.9B	14.2B	14.8B	15.5B	8.4B
Inventory	345.9M	334.3M	367.2M	450.6M	493.5M	518.2M
Other Current Assets	195.0M	192.5M	214.3M	138.4M	264.0M	227.7M
Other Stockholder Equity	(9.4M)	(6.3M)	(6.4M)	(5.0M)	(8.2M)	(7.8M)
Total Liab	12.9B	14.3B	16.0B	16.6B	18.4B	9.8B
Property Plant And Equipment Gross	14.4B	15.4B	24.5B	25.7B	27.8B	29.2B
Total Current Assets	1.0B	1.2B	1.6B	1.8B	1.9B	1.1B
Accumulated Other Comprehensive Income	(57.1M)	(62.8M)	(54.9M)	(31.4M)	(33.1M)	(34.8M)
Short Term Debt	927.4M	243.8M	542.4M	496.6M	1.6B	1.6B
Common Stock	2.7B	2.7B	2.7B	2.7B	2.8B	2.4B
Current Deferred Revenue	64.9M	48.3M	42.3M	41.8M	42.0M	73.5M
Other Liab	6.0B	6.2B	6.6B	6.4B	7.4B	7.8B
Other Assets	2.9B	3.3B	3.7B	3.3B	3.8B	4.0B
Long Term Debt	4.8B	6.3B	6.9B	7.7B	7.5B	4.3B
Property Plant Equipment	14.5B	15.2B	16.0B	2.7B	3.1B	2.9B
Treasury Stock	(4.8M)	(9.4M)	(6.3M)	(6.4M)	(5.8M)	(6.0M)
Intangible Assets	290.6M	282.6M	273.7M	258.9M	267.1M	174.7M
Noncontrolling Interest In Consolidated Entity	125.8M	122.5M	119.3M	115.3M	132.5M	95.8M
Retained Earnings Total Equity	2.6B	2.8B	3.0B	3.3B	3.8B	2.0B
Deferred Long Term Liab	1.3B	1.1B	1.2B	1.3B	1.5B	934.3M

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When determining whether Pinnacle West Capital is a strong investment it is important to analyze Pinnacle West's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pinnacle West's future performance. For an informed investment choice regarding Pinnacle Stock, refer to the following important reports:

How To Invest In Pinnacle

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Is Pinnacle Stock a good investment?

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What is Pinnacle West's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Pinnacle Stock analysis

When running Pinnacle West's price analysis, check to measure Pinnacle West's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pinnacle West is operating at the current time. Most of Pinnacle West's value examination focuses on studying past and present price action to predict the probability of Pinnacle West's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle West's price. Additionally, you may evaluate how the addition of Pinnacle West to your portfolios can decrease your overall portfolio volatility.

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Is Pinnacle West's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pinnacle West. If investors know Pinnacle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pinnacle West listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.215

Dividend Share

3.475

Earnings Share

4.41

Revenue Per Share

41.396

Quarterly Revenue Growth

(0.02)

The market value of Pinnacle West Capital is measured differently than its book value, which is the value of Pinnacle that is recorded on the company's balance sheet. Investors also form their own opinion of Pinnacle West's value that differs from its market value or its book value, called intrinsic value, which is Pinnacle West's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pinnacle West's market value can be influenced by many factors that don't directly affect Pinnacle West's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Pinnacle West's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pinnacle West is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pinnacle West's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Pinnacle Net Tangible Assets vs Long Term Debt Analysis

Net Tangible Assets vs Long Term Debt

Net Tangible Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Long Term Debt

Pinnacle West fundamental ratios Correlations

Pinnacle West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pinnacle West fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Pinnacle Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Current Deferred Revenue	- 0.94	Common Stock
Current Deferred Revenue	- 0.93	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.88	Common Stock Total Equity
Current Deferred Revenue	- 0.87	Other Current Liab
Current Deferred Revenue	- 0.85	Retained Earnings
Current Deferred Revenue	- 0.85	Total Stockholder Equity