Pinnacle Cash vs Property Plant And Equipment Net Analysis

PNW Stock

USD 94.52 0.72 0.77%

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 Cash and its Property Plant And Equipment Net accounts. Check out Your Equity Center 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.

Cash vs Property Plant And Equipment Net

Cash vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Cash account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Pinnacle West's Cash and Property Plant And Equipment Net is -0.3. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net 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 Cash and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Pinnacle West Capital are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., Pinnacle West's Cash and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash

Cash refers to the most liquid asset of Pinnacle West Capital, which is listed under current asset account on Pinnacle West Capital balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Pinnacle West customers. The amounts must be unrestricted with restricted cash listed in a different Pinnacle West account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

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 Your Equity Center 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 climb to about 111.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 151.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	1.7B	1.8B	1.8B
Total Revenue	3.8B	4.3B	4.7B	3.1B

Gross Profit Total Revenue

Pinnacle West fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Common Stock Shares Outstanding		0.67	0.3	0.88	0.59	0.77	0.7	0.3	0.75	0.66	-0.26	0.67	-0.26	-0.26	0.64	0.34	0.61	0.5	0.24	-0.66	0.62	0.4	0.55	0.18	0.96	-0.93
Total Assets	0.67		0.7	0.76	0.79	0.98	1.0	0.7	0.98	0.88	-0.28	1.0	-0.23	-0.28	0.81	0.57	0.99	0.73	0.66	-0.57	1.0	0.73	0.89	0.32	0.85	-0.81
Short Long Term Debt Total	0.3	0.7		0.34	0.61	0.62	0.68	1.0	0.64	0.72	-0.35	0.69	-0.17	-0.35	0.69	0.37	0.71	0.96	0.97	-0.39	0.72	0.98	0.77	0.72	0.44	-0.53
Other Current Liab	0.88	0.76	0.34		0.68	0.86	0.8	0.34	0.84	0.64	-0.33	0.77	-0.22	-0.33	0.56	0.64	0.7	0.51	0.26	-0.8	0.72	0.41	0.54	0.19	0.93	-0.81
Total Current Liabilities	0.59	0.79	0.61	0.68		0.76	0.8	0.61	0.76	0.85	-0.47	0.78	-0.13	-0.47	0.82	0.44	0.73	0.7	0.56	-0.45	0.79	0.65	0.79	0.68	0.7	-0.68
Total Stockholder Equity	0.77	0.98	0.62	0.86	0.76		0.99	0.62	1.0	0.84	-0.29	0.98	-0.29	-0.29	0.76	0.61	0.96	0.69	0.56	-0.67	0.96	0.66	0.81	0.26	0.92	-0.85
Property Plant And Equipment Net	0.7	1.0	0.68	0.8	0.8	0.99		0.68	0.99	0.87	-0.3	1.0	-0.23	-0.3	0.81	0.59	0.98	0.72	0.63	-0.61	0.99	0.7	0.88	0.31	0.87	-0.82
Net Debt	0.3	0.7	1.0	0.34	0.61	0.62	0.68		0.64	0.72	-0.36	0.69	-0.17	-0.36	0.69	0.37	0.71	0.96	0.97	-0.39	0.72	0.98	0.77	0.72	0.44	-0.53
Retained Earnings	0.75	0.98	0.64	0.84	0.76	1.0	0.99	0.64		0.85	-0.28	0.99	-0.3	-0.28	0.77	0.6	0.96	0.69	0.58	-0.65	0.97	0.67	0.82	0.27	0.91	-0.85
Accounts Payable	0.66	0.88	0.72	0.64	0.85	0.84	0.87	0.72	0.85		-0.34	0.87	-0.19	-0.34	0.89	0.27	0.85	0.78	0.72	-0.38	0.88	0.78	0.91	0.52	0.77	-0.84
Cash	-0.26	-0.28	-0.35	-0.33	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34		-0.28	-0.18	1.0	-0.44	-0.33	-0.24	-0.44	-0.35	0.39	-0.28	-0.46	-0.34	-0.51	-0.29	0.22
Non Current Assets Total	0.67	1.0	0.69	0.77	0.78	0.98	1.0	0.69	0.99	0.87	-0.28		-0.24	-0.28	0.79	0.58	0.99	0.72	0.64	-0.58	0.99	0.71	0.87	0.3	0.85	-0.8
Non Currrent Assets Other	-0.26	-0.23	-0.17	-0.22	-0.13	-0.29	-0.23	-0.17	-0.3	-0.19	-0.18	-0.24		-0.18	-0.07	-0.22	-0.21	-0.14	-0.11	0.31	-0.2	-0.13	-0.1	-0.07	-0.28	0.34
Cash And Short Term Investments	-0.26	-0.28	-0.35	-0.33	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34	1.0	-0.28	-0.18		-0.44	-0.33	-0.24	-0.44	-0.35	0.39	-0.28	-0.46	-0.34	-0.51	-0.29	0.22
Net Receivables	0.64	0.81	0.69	0.56	0.82	0.76	0.81	0.69	0.77	0.89	-0.44	0.79	-0.07	-0.44		0.38	0.78	0.77	0.7	-0.46	0.82	0.76	0.94	0.54	0.72	-0.79
Common Stock Total Equity	0.34	0.57	0.37	0.64	0.44	0.61	0.59	0.37	0.6	0.27	-0.33	0.58	-0.22	-0.33	0.38		0.55	0.43	0.34	-0.88	0.55	0.38	0.42	0.15	0.48	-0.35
Non Current Liabilities Total	0.61	0.99	0.71	0.7	0.73	0.96	0.98	0.71	0.96	0.85	-0.24	0.99	-0.21	-0.24	0.78	0.55		0.71	0.68	-0.53	0.99	0.73	0.9	0.26	0.8	-0.77
Inventory	0.5	0.73	0.96	0.51	0.7	0.69	0.72	0.96	0.69	0.78	-0.44	0.72	-0.14	-0.44	0.77	0.43	0.71		0.91	-0.54	0.74	0.97	0.78	0.76	0.59	-0.67
Other Current Assets	0.24	0.66	0.97	0.26	0.56	0.56	0.63	0.97	0.58	0.72	-0.35	0.64	-0.11	-0.35	0.7	0.34	0.68	0.91		-0.35	0.69	0.98	0.79	0.67	0.37	-0.5
Other Stockholder Equity	-0.66	-0.57	-0.39	-0.8	-0.45	-0.67	-0.61	-0.39	-0.65	-0.38	0.39	-0.58	0.31	0.39	-0.46	-0.88	-0.53	-0.54	-0.35		-0.53	-0.45	-0.43	-0.22	-0.7	0.62
Total Liab	0.62	1.0	0.72	0.72	0.79	0.96	0.99	0.72	0.97	0.88	-0.28	0.99	-0.2	-0.28	0.82	0.55	0.99	0.74	0.69	-0.53		0.74	0.91	0.33	0.81	-0.78
Property Plant And Equipment Gross	0.4	0.73	0.98	0.41	0.65	0.66	0.7	0.98	0.67	0.78	-0.46	0.71	-0.13	-0.46	0.76	0.38	0.73	0.97	0.98	-0.45	0.74		0.82	0.71	0.52	-0.61
Total Current Assets	0.55	0.89	0.77	0.54	0.79	0.81	0.88	0.77	0.82	0.91	-0.34	0.87	-0.1	-0.34	0.94	0.42	0.9	0.78	0.79	-0.43	0.91	0.82		0.46	0.69	-0.76
Short Term Debt	0.18	0.32	0.72	0.19	0.68	0.26	0.31	0.72	0.27	0.52	-0.51	0.3	-0.07	-0.51	0.54	0.15	0.26	0.76	0.67	-0.22	0.33	0.71	0.46		0.2	-0.3
Common Stock	0.96	0.85	0.44	0.93	0.7	0.92	0.87	0.44	0.91	0.77	-0.29	0.85	-0.28	-0.29	0.72	0.48	0.8	0.59	0.37	-0.7	0.81	0.52	0.69	0.2		-0.94
Current Deferred Revenue	-0.93	-0.81	-0.53	-0.81	-0.68	-0.85	-0.82	-0.53	-0.85	-0.84	0.22	-0.8	0.34	0.22	-0.79	-0.35	-0.77	-0.67	-0.5	0.62	-0.78	-0.61	-0.76	-0.3	-0.94

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Pinnacle West Account Relationship Matchups

Pinnacle West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	112.8M	112.9M	113.2M	113.4M	113.8M	105.8M
Total Assets	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Short Long Term Debt Total	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Other Current Liab	739.6M	638.5M	652.7M	670.7M	727.7M	530.8M
Total Current Liabilities	2.1B	1.4B	1.8B	1.8B	2.9B	1.4B
Total Stockholder Equity	5.4B	5.6B	5.9B	6.0B	6.2B	4.1B
Property Plant And Equipment Net	14.4B	15.4B	16.6B	17.4B	19.0B	10.5B
Net Debt	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Retained Earnings	2.8B	3.0B	3.3B	3.4B	3.5B	1.8B
Accounts Payable	346.4M	318.6M	393.1M	430.4M	442.5M	311.4M
Cash	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Non Current Assets Total	17.4B	18.8B	20.5B	21.0B	22.7B	12.9B
Non Currrent Assets Other	97.0M	92.9M	97.9M	1.9B	1.9B	1.1B
Cash And Short Term Investments	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Net Receivables	408.1M	432.8M	508.1M	608.3M	659.3M	448.5M
Common Stock Total Equity	2.6B	2.7B	2.7B	2.7B	3.1B	2.1B
Liabilities And Stockholders Equity	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Non Current Liabilities Total	10.8B	12.9B	14.2B	14.8B	15.5B	8.4B
Inventory	345.9M	334.3M	367.2M	450.6M	493.5M	518.2M
Other Current Assets	195.0M	371.3M	665.9M	686.8M	769.1M	807.6M
Other Stockholder Equity	(9.4M)	(6.3M)	(6.4M)	(5.0M)	(8.2M)	(7.8M)
Total Liab	12.9B	14.3B	16.0B	16.6B	18.4B	9.8B
Property Plant And Equipment Gross	14.4B	15.4B	24.5B	25.7B	27.8B	29.2B
Total Current Assets	1.0B	1.2B	1.6B	1.8B	1.9B	1.1B
Accumulated Other Comprehensive Income	(57.1M)	(62.8M)	(54.9M)	(31.4M)	(33.1M)	(34.8M)
Short Term Debt	927.4M	243.8M	542.4M	496.6M	1.6B	1.6B
Common Stock	2.7B	2.7B	2.7B	2.7B	2.8B	2.4B
Current Deferred Revenue	64.9M	48.3M	42.3M	41.8M	42.0M	73.5M
Other Liab	6.0B	6.2B	6.6B	6.4B	7.4B	7.8B
Other Assets	2.9B	3.3B	3.7B	3.3B	3.8B	4.0B
Long Term Debt	4.8B	6.3B	6.9B	7.7B	7.5B	4.3B
Property Plant Equipment	14.5B	15.2B	16.0B	2.7B	3.1B	2.9B
Treasury Stock	(4.8M)	(9.4M)	(6.3M)	(6.4M)	(5.8M)	(6.0M)
Intangible Assets	290.6M	282.6M	273.7M	258.9M	267.1M	190.7M
Short Term Investments	515K	2.9M	63.5M	5.7B	38.6M	36.7M
Noncontrolling Interest In Consolidated Entity	125.8M	122.5M	119.3M	115.3M	132.5M	95.8M
Retained Earnings Total Equity	2.6B	2.8B	3.0B	3.3B	3.8B	2.0B
Deferred Long Term Liab	1.3B	1.1B	1.2B	1.3B	1.5B	934.3M

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Pinnacle Cash vs Property Plant And Equipment Net Analysis

Cash vs Property Plant And Equipment Net

Cash vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Cash

Property Plant And Equipment Net

Pinnacle West fundamental ratios Correlations

Pinnacle West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pinnacle West fundamental ratios Accounts

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Additional Tools for Pinnacle Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Current Deferred Revenue	- 0.94	Common Stock
Current Deferred Revenue	- 0.93	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.88	Common Stock Total Equity
Current Deferred Revenue	- 0.85	Retained Earnings
Current Deferred Revenue	- 0.85	Total Stockholder Equity
Current Deferred Revenue	- 0.84	Accounts Payable