Pinnacle West Capital Corp (PNW) — Financial Flexibility Index
Pinnacle West Capital Corp (PNW) has a Financial Flexibility Index of 0.06x as of September 2025. Free cash flow of $1.29 Billion (operating CF $664.99 Million minus capex $623.03 Million) represents 0% of total liabilities ($22.68 Billion). Check cash flow reinvestment rate of Pinnacle West Capital Corp to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Pinnacle West Capital Corp Financial Flexibility Index (1994–2024)
Historical Financial Flexibility Index trend for Pinnacle West Capital Corp across 31 annual periods. For the full cash flow conversion analysis, see PNW cash flow conversion.
Annual Financial Flexibility Index for Pinnacle West Capital Corp (1994–2024)
Year-by-year free cash flow to debt coverage for Pinnacle West Capital Corp. Explore PNW debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.20x | $3.86 Billion | $1.61 Billion | $19.25 Billion | ▲ +20.7% |
| 2023 | 0.17x | $3.05 Billion | $1.21 Billion | $18.38 Billion | ▼ -6.7% |
| 2022 | 0.18x | $2.95 Billion | $1.24 Billion | $16.56 Billion | ▲ +21.9% |
| 2021 | 0.15x | $2.33 Billion | $860.01 Million | $15.98 Billion | ▼ -9.1% |
| 2020 | 0.16x | $2.29 Billion | $966.37 Million | $14.27 Billion | ▼ -3.3% |
| 2019 | 0.17x | $2.15 Billion | $956.73 Million | $12.93 Billion | ▼ -16.6% |
| 2018 | 0.20x | $2.46 Billion | $1.28 Billion | $12.32 Billion | ▼ -6.2% |
| 2017 | 0.21x | $2.53 Billion | $1.12 Billion | $11.88 Billion | ▲ +2.4% |
| 2016 | 0.21x | $2.30 Billion | $1.02 Billion | $11.07 Billion | ▼ -1.4% |
| 2015 | 0.21x | $2.17 Billion | $1.09 Billion | $10.31 Billion | ▲ +2.6% |
| 2014 | 0.21x | $2.01 Billion | $1.10 Billion | $9.79 Billion | ▼ -13.3% |
| 2013 | 0.24x | $2.17 Billion | $1.15 Billion | $9.17 Billion | ▲ +6.5% |
| 2012 | 0.22x | $2.06 Billion | $1.17 Billion | $9.28 Billion | ▲ +1.5% |
| 2011 | 0.22x | $2.01 Billion | $1.13 Billion | $9.18 Billion | ▲ +25.4% |
| 2010 | 0.17x | $1.50 Billion | $750.46 Million | $8.59 Billion | ▼ -17.7% |
| 2009 | 0.21x | $1.80 Billion | $1.03 Billion | $8.46 Billion | ▼ -0.8% |
| 2008 | 0.21x | $1.75 Billion | $813.57 Million | $8.17 Billion | ▲ +4.7% |
| 2007 | 0.20x | $1.58 Billion | $657.94 Million | $7.71 Billion | ▲ +44.7% |
| 2006 | 0.14x | $1.13 Billion | $393.50 Million | $8.01 Billion | ▼ -18.2% |
| 2005 | 0.17x | $1.36 Billion | $730.30 Million | $7.90 Billion | ▼ -13.1% |
| 2004 | 0.20x | $1.38 Billion | $842.08 Million | $6.95 Billion | ▼ -16.5% |
| 2003 | 0.24x | $1.60 Billion | $901.83 Million | $6.71 Billion | ▼ -22.7% |
| 2002 | 0.31x | $1.77 Billion | $870.77 Million | $5.74 Billion | ▲ +4.7% |
| 2001 | 0.29x | $1.61 Billion | $570.93 Million | $5.48 Billion | ▲ +3.2% |
| 2000 | 0.28x | $1.36 Billion | $699.56 Million | $4.77 Billion | ▲ +28.1% |
| 1999 | 0.22x | $979.00 Million | $635.60 Million | $4.40 Billion | ▲ +9.8% |
| 1998 | 0.20x | $924.90 Million | $605.80 Million | $4.57 Billion | ▲ +47.8% |
| 1997 | 0.14x | $637.60 Million | $637.60 Million | $4.65 Billion | ▼ -20.8% |
| 1996 | 0.17x | $831.10 Million | $572.50 Million | $4.80 Billion | ▼ -1.5% |
| 1995 | 0.18x | $851.70 Million | $555.90 Million | $4.85 Billion | ▲ +13.6% |
| 1994 | 0.15x | $752.50 Million | $497.20 Million | $4.86 Billion | — |