Pinnacle Other Current Assets vs Total Current Liabilities 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 Other Current Assets and its Total Current Liabilities 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.

Other Current Assets vs Total Current Liabilities

Other Current Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Other Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Pinnacle West's Other Current Assets and Total Current Liabilities is 0.57. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Liabilities 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 Other Current Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Pinnacle West Capital are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Current Assets i.e., Pinnacle West's Other Current Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Total Current Liabilities

Total Current Liabilities is an item on Pinnacle West balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Pinnacle West Capital are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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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