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 asset allocation strategy of Pinnacle West Capital Corp to assess the company's strategic physical and investment asset allocation.
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. See Pinnacle West Capital Corp current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
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. For the full company profile including market capitalisation, see Pinnacle West Capital Corp (PNW) total market value.
| 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 | — |