Pinnacle West Capital Corp (PNW) — Net Asset Quality Index
Pinnacle West Capital Corp (PNW) has a Net Asset Quality Index of 24.1% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $29.89 Billion minus total liabilities of $22.68 Billion yields net assets of $7.21 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read total liabilities of Pinnacle West Capital Corp for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Pinnacle West Capital Corp Net Asset Quality Index Over Time (1994–2024)
This chart shows how Pinnacle West Capital Corp's Net Asset Quality Index has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the index stands at 24.1%, representing net assets of $7.21 Billion against total assets of $29.89 Billion USD. For live market cap and overall valuation, see PNW market cap.
Annual Net Asset Quality Index for Pinnacle West Capital Corp (1994–2024)
The table below presents the year-by-year Net Asset Quality Index for Pinnacle West Capital Corp from 1994 to 2024, covering 31 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check Pinnacle West Capital Corp (PNW) strategic investment index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 26.3% | $6.86 Billion | $26.10 Billion | $19.25 Billion | ▲ +0.8 pp |
| 2023 | 25.5% | $6.28 Billion | $24.66 Billion | $18.38 Billion | ▼ -1.6 pp |
| 2022 | 27.1% | $6.16 Billion | $22.72 Billion | $16.56 Billion | ▼ -0.3 pp |
| 2021 | 27.4% | $6.02 Billion | $22.00 Billion | $15.98 Billion | ▼ -1.4 pp |
| 2020 | 28.7% | $5.75 Billion | $20.02 Billion | $14.27 Billion | ▼ -1.3 pp |
| 2019 | 30.1% | $5.55 Billion | $18.48 Billion | $12.93 Billion | ▼ -0.2 pp |
| 2018 | 30.3% | $5.35 Billion | $17.66 Billion | $12.32 Billion | ▲ +0.1 pp |
| 2017 | 30.2% | $5.14 Billion | $17.02 Billion | $11.88 Billion | ▼ -0.7 pp |
| 2016 | 30.8% | $4.94 Billion | $16.00 Billion | $11.07 Billion | ▼ -0.6 pp |
| 2015 | 31.4% | $4.72 Billion | $15.03 Billion | $10.31 Billion | ▼ -0.2 pp |
| 2014 | 31.6% | $4.52 Billion | $14.31 Billion | $9.79 Billion | ▼ -0.6 pp |
| 2013 | 32.1% | $4.34 Billion | $13.51 Billion | $9.17 Billion | ▲ +1.5 pp |
| 2012 | 30.7% | $4.10 Billion | $13.38 Billion | $9.28 Billion | ▲ +0.7 pp |
| 2011 | 30.0% | $3.93 Billion | $13.11 Billion | $9.18 Billion | ▼ -0.6 pp |
| 2010 | 30.5% | $3.78 Billion | $12.36 Billion | $8.59 Billion | ▲ +2.2 pp |
| 2009 | 28.3% | $3.35 Billion | $11.81 Billion | $8.46 Billion | ▼ -1.3 pp |
| 2008 | 29.7% | $3.45 Billion | $11.62 Billion | $8.17 Billion | ▼ -1.8 pp |
| 2007 | 31.4% | $3.53 Billion | $11.24 Billion | $7.71 Billion | ▲ +1.3 pp |
| 2006 | 30.1% | $3.45 Billion | $11.46 Billion | $8.01 Billion | ▼ -0.2 pp |
| 2005 | 30.2% | $3.42 Billion | $11.32 Billion | $7.90 Billion | ▲ +0.4 pp |
| 2004 | 29.8% | $2.95 Billion | $9.90 Billion | $6.95 Billion | ▲ +0.1 pp |
| 2003 | 29.7% | $2.83 Billion | $9.54 Billion | $6.71 Billion | ▼ -2.2 pp |
| 2002 | 31.9% | $2.69 Billion | $8.43 Billion | $5.74 Billion | ▲ +0.6 pp |
| 2001 | 31.3% | $2.50 Billion | $7.98 Billion | $5.48 Billion | ▼ -2.0 pp |
| 2000 | 33.3% | $2.38 Billion | $7.15 Billion | $4.77 Billion | ▼ 0.0 pp |
| 1999 | 33.4% | $2.21 Billion | $6.61 Billion | $4.40 Billion | ▲ +0.3 pp |
| 1998 | 33.1% | $2.26 Billion | $6.82 Billion | $4.57 Billion | ▲ +1.0 pp |
| 1997 | 32.1% | $2.20 Billion | $6.85 Billion | $4.65 Billion | ▲ +0.8 pp |
| 1996 | 31.3% | $2.19 Billion | $6.99 Billion | $4.80 Billion | ▲ +0.6 pp |
| 1995 | 30.7% | $2.15 Billion | $7.00 Billion | $4.85 Billion | ▲ +1.1 pp |
| 1994 | 29.6% | $2.04 Billion | $6.91 Billion | $4.86 Billion | — |