Pinnacle West Capital Corp (PNW) — Cash Flow-to-Debt Ratio
Pinnacle West Capital Corp (PNW) has a Cash Flow-to-Debt Ratio of 0.03x as of September 2025, meaning its operating cash flow of $664.99 Million could theoretically repay 0% of its total liabilities ($22.68 Billion) in one year. See PNW free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Pinnacle West Capital Corp Cash Flow-to-Debt Ratio (1994–2024)
Historical debt coverage capacity for Pinnacle West Capital Corp across 31 annual periods. For the full cash flow conversion analysis, see Pinnacle West Capital Corp (PNW) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for Pinnacle West Capital Corp (1994–2024)
Year-by-year debt coverage analysis for Pinnacle West Capital Corp. Check cash flow quality index of Pinnacle West Capital Corp to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.08x | $1.61 Billion | $19.25 Billion | ▲ +27.3% |
| 2023 | 0.07x | $1.21 Billion | $18.38 Billion | ▼ -12.3% |
| 2022 | 0.07x | $1.24 Billion | $16.56 Billion | ▲ +39.3% |
| 2021 | 0.05x | $860.01 Million | $15.98 Billion | ▼ -20.6% |
| 2020 | 0.07x | $966.37 Million | $14.27 Billion | ▼ -8.5% |
| 2019 | 0.07x | $956.73 Million | $12.93 Billion | ▼ -28.6% |
| 2018 | 0.10x | $1.28 Billion | $12.32 Billion | ▲ +10.2% |
| 2017 | 0.09x | $1.12 Billion | $11.88 Billion | ▲ +1.8% |
| 2016 | 0.09x | $1.02 Billion | $11.07 Billion | ▼ -12.9% |
| 2015 | 0.11x | $1.09 Billion | $10.31 Billion | ▼ -5.4% |
| 2014 | 0.11x | $1.10 Billion | $9.79 Billion | ▼ -10.8% |
| 2013 | 0.13x | $1.15 Billion | $9.17 Billion | ▼ -0.3% |
| 2012 | 0.13x | $1.17 Billion | $9.28 Billion | ▲ +3.0% |
| 2011 | 0.12x | $1.13 Billion | $9.18 Billion | ▲ +40.3% |
| 2010 | 0.09x | $750.46 Million | $8.59 Billion | ▼ -28.3% |
| 2009 | 0.12x | $1.03 Billion | $8.46 Billion | ▲ +22.4% |
| 2008 | 0.10x | $813.57 Million | $8.17 Billion | ▲ +16.7% |
| 2007 | 0.09x | $657.94 Million | $7.71 Billion | ▲ +73.7% |
| 2006 | 0.05x | $393.50 Million | $8.01 Billion | ▼ -46.9% |
| 2005 | 0.09x | $730.30 Million | $7.90 Billion | ▼ -23.7% |
| 2004 | 0.12x | $842.08 Million | $6.95 Billion | ▼ -9.9% |
| 2003 | 0.13x | $901.83 Million | $6.71 Billion | ▼ -11.4% |
| 2002 | 0.15x | $870.77 Million | $5.74 Billion | ▲ +45.7% |
| 2001 | 0.10x | $570.93 Million | $5.48 Billion | ▼ -29.0% |
| 2000 | 0.15x | $699.56 Million | $4.77 Billion | ▲ +1.7% |
| 1999 | 0.14x | $635.60 Million | $4.40 Billion | ▲ +8.8% |
| 1998 | 0.13x | $605.80 Million | $4.57 Billion | ▼ -3.2% |
| 1997 | 0.14x | $637.60 Million | $4.65 Billion | ▲ +14.9% |
| 1996 | 0.12x | $572.50 Million | $4.80 Billion | ▲ +4.0% |
| 1995 | 0.11x | $555.90 Million | $4.85 Billion | ▲ +12.2% |
| 1994 | 0.10x | $497.20 Million | $4.86 Billion | — |