Pinnacle West Capital (BSP:P1NW34) Effective Interest Rate on Debt % : 3.53% (As of Sep. 2024)

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What is Pinnacle West Capital Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Pinnacle West Capital's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was R$2,171 Mil. Pinnacle West Capital's average total debt for the quarter that ended in Sep. 2024 was R$61,522 Mil. Therefore, Pinnacle West Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 3.53%.

Pinnacle West Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Pinnacle West Capital's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pinnacle West Capital Effective Interest Rate on Debt % Chart

Pinnacle West Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.03

3.96

3.22

2.89

3.35

Pinnacle West Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.50	3.38	3.36	3.74	3.53

Competitive Comparison of Pinnacle West Capital's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Pinnacle West Capital's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pinnacle West Capital's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pinnacle West Capital's Effective Interest Rate on Debt % falls into.

Pinnacle West Capital Effective Interest Rate on Debt % Calculation

Pinnacle West Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -1623.416	/	( (46564.192	+	50483.59)	/ 2 )
=	-1 * -1623.416	/	48523.891
=	3.35 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43959.248	+	2604.944
=	46564.192

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42877.224	+	7606.366
=	50483.59

Pinnacle West Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -2171.348	/	( (60378.59	+	62665.502)	/ 2 )
=	-1 * -2171.348	/	61522.046
=	3.53 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51552.485	+	8826.105
=	60378.59

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53015.442	+	9650.06
=	62665.502

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pinnacle West Capital (BSP:P1NW34) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Pinnacle West Capital Effective Interest Rate on Debt % Related Terms

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Pinnacle West Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pinnacle West Capital Corp (BSP:P1NW34) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

OGE IDA AGR EVRG POR TXNM LNT MGEE NWE OKLO NEE SO DUK LSE:NG. AEP D PCG PEG BOM:532555 XEL

Traded in Other Exchanges

PNW:USA 0KIT:UK PWC:Germany PWC:Germany

Address

400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999

Website

https://www.pinnaclewest.com

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the US, Palo Verde. Half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

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