Current Ratio

Pinnacle West's current ratio of 0.60x means the company has only $0.60 in short-term assets for every $1.00 of short-term liabilities, indicating a tight liquidity position.

This compares unfavorably to the sector median of 0.85x, placing the company at the 18th percentile among its utility peers. There is no trend data available — the year-over-year and quarter-over-quarter changes are both listed as not applicable, with only a single historical value of 0.60x provided. The combination of a low absolute level and the absence of trend information means investors cannot assess whether liquidity is improving or deteriorating, leaving the risk profile unclear. While a current ratio below 1.0x is typically a warning sign, utility companies often operate with lower ratios due to predictable cash flows from regulated operations. This metric does not contradict the overall NEUTRAL verdict, as the low ratio is partially offset by sector norms and the lack of trend data prevents a stronger bearish conclusion.

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