Pinnacle West Capital Corp Net Asset Quality Index
Pinnacle West Capital Corp 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. Check PNW cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Pinnacle West Capital Corp (1994–2024)
Net asset quality index of Pinnacle West Capital Corp from 1994 to 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. See PNW net asset value for net asset value and shareholders' equity analysis.
Pinnacle West Capital Corp Net Asset Quality Index by Year (1994–2024)
Pinnacle West Capital Corp net asset quality index by year from 1994 to 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. For live market cap and overall valuation, see market cap of Pinnacle West Capital Corp.
| 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 | — |