Pinnacle Net Debt vs Accounts Payable Analysis

0KIT Stock   92.21  0.34  0.37%   
Pinnacle West financial indicator trend analysis is much more than just breaking down Pinnacle West Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle West Capital is a good investment. Please check the relationship between Pinnacle West Net Debt and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Pinnacle West's Net Debt and Accounts Payable is 0.72. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Pinnacle West Capital, assuming nothing else is changed. The correlation between historical values of Pinnacle West's Net Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Pinnacle West Capital are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Debt i.e., Pinnacle West's Net Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Accounts Payable

An accounting item on the balance sheet that represents Pinnacle West obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Pinnacle West Capital are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Pinnacle West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle West Capital current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about 138.1 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit1.7B1.7B1.8B1.8B
Total Revenue3.8B4.3B4.7B3.1B

Pinnacle West fundamental ratios Correlations

0.670.30.780.590.770.70.30.750.66-0.260.67-0.26-0.260.640.610.50.33-0.990.620.550.180.96-0.93-0.090.34
0.670.70.860.790.981.00.70.980.88-0.281.0-0.23-0.280.810.990.730.63-0.591.00.890.320.85-0.81-0.340.71
0.30.70.540.610.620.681.00.640.72-0.350.69-0.17-0.350.690.710.960.93-0.310.720.770.720.44-0.53-0.530.66
0.780.860.540.710.920.890.540.910.72-0.330.87-0.2-0.330.670.820.660.46-0.720.830.680.270.89-0.8-0.230.49
0.590.790.610.710.760.80.610.760.85-0.470.78-0.13-0.470.820.730.70.57-0.540.790.790.680.7-0.68-0.430.52
0.770.980.620.920.760.990.621.00.84-0.290.98-0.29-0.290.760.960.690.54-0.70.960.810.260.92-0.85-0.320.69
0.71.00.680.890.80.990.680.990.87-0.31.0-0.23-0.30.810.980.720.6-0.630.990.880.310.87-0.82-0.320.69
0.30.71.00.540.610.620.680.640.72-0.360.69-0.17-0.360.690.710.960.93-0.310.720.770.720.44-0.53-0.520.66
0.750.980.640.910.761.00.990.640.85-0.280.99-0.3-0.280.770.960.690.56-0.670.970.820.270.91-0.85-0.330.71
0.660.880.720.720.850.840.870.720.85-0.340.87-0.19-0.340.890.850.780.72-0.620.880.910.510.77-0.84-0.270.57
-0.26-0.28-0.35-0.33-0.47-0.29-0.3-0.36-0.28-0.34-0.28-0.181.0-0.44-0.24-0.44-0.390.27-0.28-0.34-0.51-0.290.220.01-0.13
0.671.00.690.870.780.981.00.690.990.87-0.28-0.24-0.280.790.990.720.61-0.590.990.870.30.85-0.8-0.350.71
-0.26-0.23-0.17-0.2-0.13-0.29-0.23-0.17-0.3-0.19-0.18-0.24-0.18-0.07-0.21-0.14-0.10.26-0.2-0.1-0.07-0.280.340.57-0.43
-0.26-0.28-0.35-0.33-0.47-0.29-0.3-0.36-0.28-0.341.0-0.28-0.18-0.44-0.24-0.44-0.390.27-0.28-0.34-0.51-0.290.220.01-0.13
0.640.810.690.670.820.760.810.690.770.89-0.440.79-0.07-0.440.780.770.74-0.610.820.940.540.72-0.79-0.160.52
0.610.990.710.820.730.960.980.710.960.85-0.240.99-0.21-0.240.780.710.65-0.520.990.90.260.8-0.77-0.320.72
0.50.730.960.660.70.690.720.960.690.78-0.440.72-0.14-0.440.770.710.9-0.510.740.780.760.59-0.67-0.420.59
0.330.630.930.460.570.540.60.930.560.72-0.390.61-0.1-0.390.740.650.9-0.350.660.820.680.42-0.58-0.360.53
-0.99-0.59-0.31-0.72-0.54-0.7-0.63-0.31-0.67-0.620.27-0.590.260.27-0.61-0.52-0.51-0.35-0.55-0.5-0.24-0.910.910.09-0.29
0.621.00.720.830.790.960.990.720.970.88-0.280.99-0.2-0.280.820.990.740.66-0.550.910.330.81-0.78-0.350.72
0.550.890.770.680.790.810.880.770.820.91-0.340.87-0.1-0.340.940.90.780.82-0.50.910.460.69-0.76-0.230.61
0.180.320.720.270.680.260.310.720.270.51-0.510.3-0.07-0.510.540.260.760.68-0.240.330.460.2-0.3-0.560.33
0.960.850.440.890.70.920.870.440.910.77-0.290.85-0.28-0.290.720.80.590.42-0.910.810.690.2-0.94-0.180.51
-0.93-0.81-0.53-0.8-0.68-0.85-0.82-0.53-0.85-0.840.22-0.80.340.22-0.79-0.77-0.67-0.580.91-0.78-0.76-0.3-0.940.17-0.48
-0.09-0.34-0.53-0.23-0.43-0.32-0.32-0.52-0.33-0.270.01-0.350.570.01-0.16-0.32-0.42-0.360.09-0.35-0.23-0.56-0.180.17-0.61
0.340.710.660.490.520.690.690.660.710.57-0.130.71-0.43-0.130.520.720.590.53-0.290.720.610.330.51-0.48-0.61
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Pinnacle West Account Relationship Matchups

Pinnacle West fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding112.8M112.9M113.2M113.4M113.8M105.8M
Total Assets18.5B20.0B22.0B22.7B24.7B14.0B
Short Long Term Debt Total5.8B6.9B8.2B8.9B10.3B10.8B
Other Current Liab594.7M638.5M652.7M670.7M727.7M521.1M
Total Current Liabilities2.1B1.4B1.8B1.8B2.9B1.4B
Total Stockholder Equity5.4B5.6B5.9B6.0B6.2B4.1B
Property Plant And Equipment Net14.4B15.4B16.6B17.4B19.0B10.5B
Net Debt5.8B6.9B8.2B8.9B10.3B10.8B
Retained Earnings2.8B3.0B3.3B3.4B3.5B1.8B
Accounts Payable346.4M318.6M393.1M430.4M442.5M310.2M
Cash10.3M60.0M10.0M4.8M5.0M4.7M
Non Current Assets Total17.4B18.8B20.5B21.0B22.7B12.9B
Non Currrent Assets Other97.0M92.9M97.9M1.9B1.9B1.1B
Cash And Short Term Investments10.3M60.0M10.0M4.8M5.0M4.7M
Net Receivables408.1M432.8M508.1M608.3M659.3M448.2M
Liabilities And Stockholders Equity18.5B20.0B22.0B22.7B24.7B14.0B
Non Current Liabilities Total10.8B12.9B14.2B14.8B15.5B8.4B
Inventory345.9M334.3M367.2M450.6M493.5M518.2M
Other Current Assets265.7M371.3M665.9M686.8M769.1M807.6M
Other Stockholder Equity(9.4M)(6.3M)(6.4M)(5.0M)(8.2M)(7.8M)
Total Liab12.9B14.3B16.0B16.6B18.4B9.8B
Total Current Assets1.0B1.2B1.6B1.8B1.9B1.1B
Accumulated Other Comprehensive Income(57.1M)(62.8M)(54.9M)(31.4M)(33.1M)(34.8M)
Short Term Debt927.4M243.8M542.4M496.6M1.6B1.6B
Common Stock2.7B2.7B2.7B2.7B2.8B2.4B
Current Deferred Revenue64.9M48.3M42.3M41.8M42.0M73.5M
Short Term Investments515K2.9M63.5M5.7B38.6M36.7M
Intangible Assets290.6M282.6M273.7M258.9M267.1M219.9M
Other Assets2.9B1.03.7B3.4B3.9B2.7B
Long Term Debt4.8B4.6B4.8B6.3B7.3B5.4B
Treasury Stock(5.6M)(4.8M)(9.4M)(6.3M)(5.7M)(5.9M)
Property Plant Equipment14.3B15.3B16.5B17.3B19.9B14.3B
Other Liab6.0B6.2B6.6B6.4B7.4B6.8B
Net Tangible Assets5.1B5.4B5.6B5.8B6.7B5.8B
Deferred Long Term Liab1.3B1.1B1.2B1.3B1.2B994.6M

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