Total Debt for Pinnacle West Capital (PNW)
According to Pinnacle West Capital's latest reported financial statements, the company's latest reported total debt is $17.85B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$17.85B
YoY change
+61.5%
5Y CAGR
+20.9%
Peak year (2025)
$17.85B
Latest annual
$17.85B
Total Debt history chart for Pinnacle West Capital (PNW) from 1994 to 2025
Total Debt history table for Pinnacle West Capital (PNW) from 1994 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $17.85B | +61.5% | ||
| 2024 | $11.05B | +7.2% | ||
| 2023 | $10.30B | +16.1% | ||
| 2022 | $8.88B | +8.5% | ||
| 2021 | $8.18B | +18.3% | ||
| 2020 | $6.92B | +19.1% | ||
| 2019 | $5.81B | +11.5% | ||
| 2018 | $5.21B | +5.0% | ||
| 2017 | $4.97B | +14.9% | ||
| 2016 | $4.32B | +13.2% | ||
| 2015 | $3.82B | +7.2% | ||
| 2014 | $3.56B | +2.1% | ||
| 2013 | $3.49B | +2.2% | ||
| 2012 | $3.41B | -2.4% | ||
| 2011 | $3.50B | -2.8% | ||
| 2010 | $3.60B | -5.4% | ||
| 2009 | $3.80B | -2.0% | ||
| 2008 | $3.88B | +6.8% | ||
| 2007 | $3.63B | +11.1% | ||
| 2006 | $3.27B | +8.7% | ||
| 2005 | $3.01B | -8.1% | ||
| 2004 | $3.27B | -4.0% | ||
| 2003 | $3.41B | +4.4% | ||
| 2002 | $3.26B | +1.9% | ||
| 2001 | $3.20B | +28.1% | ||
| 2000 | $2.50B | +6.0% | ||
| 1999 | $2.36B | -1.5% | ||
| 1998 | $2.40B | -3.5% | ||
| 1997 | $2.48B | -2.4% | ||
| 1996 | $2.55B | -5.6% | ||
| 1995 | $2.70B | -3.6% | ||
| 1994 | $2.80B | — |
Total Debt values are taken from Pinnacle West Capital's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Pinnacle West Capital (PNW) reported total debt of $17.85B – surged 61.5% year-over-year.
Pinnacle West Capital total debt has recorded the values shown across consecutive periods, with a +20.9% compound annual growth rate over 2020–2025 (5 years).
Across the available history, total debt reached its high of $17.85B in 2025 and its low of $2.36B in 1999.
Pinnacle West Capital (PNW) sits 7th of 8 Utilities peers we track on this metric, against a peer median of $49.59B.
Pinnacle West Capital Total Debt by Year
Pinnacle West Capital Total Debt 2025: $17.85B
Pinnacle West Capital total debt in 2025 was $17.85B, surged 61.5% from 2024. This figure represents the highest annual value in the available history.
Pinnacle West Capital Total Debt 2024: $11.05B
Pinnacle West Capital total debt in 2024 was $11.05B, grew 7.2% from 2023.
Pinnacle West Capital Total Debt 2023: $10.30B
Pinnacle West Capital total debt in 2023 was $10.30B, grew 16.1% from 2022.
Pinnacle West Capital Total Debt 2022: $8.88B
Pinnacle West Capital total debt in 2022 was $8.88B, grew 8.5% from 2021.
Pinnacle West Capital Total Debt 2021: $8.18B
Pinnacle West Capital total debt in 2021 was $8.18B.
See more financial history for Pinnacle West Capital (PNW).
Sector peers — Total Debt
Companies in the same sector as Pinnacle West Capital, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $95.62B | Utilities |
| Duke Energy Corporation (DUK) | $90.87B | Utilities |
| The Southern Company (SO) | $65.82B | Utilities |
| American Electric Power Company, Inc. (AEP) | $50.24B | Utilities |
| Dominion Energy, Inc. (D) | $48.94B | Utilities |
| Sempra (SRE) | $36.29B | Utilities |
| Constellation Energy Corporation (CEG) | $8.99B | Utilities |
| GE Vernova Inc. (GEV) | $0 | Utilities |
Frequently asked questions
What is Pinnacle West Capital's total debt?
- Latest reported total debt for Pinnacle West Capital (PNW) is $17.85B (period ending December 31, 2025).
How has Pinnacle West Capital total debt changed year-over-year?
- Pinnacle West Capital (PNW) total debt changed +61.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Pinnacle West Capital total debt?
- Pinnacle West Capital (PNW) total debt compound annual growth rate is +20.9% over the most recent 5 years available.
When did Pinnacle West Capital total debt hit its highest annual value?
- Pinnacle West Capital total debt reached its highest annual value of $17.85B in 2025.
What was Pinnacle West Capital total debt in 2024?
- Pinnacle West Capital (PNW) total debt in 2024 was $11.05B.
What was Pinnacle West Capital total debt in 2025?
- Pinnacle West Capital (PNW) total debt in 2025 was $17.85B.
Metrics overview
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