Pinnacle West Capital Quick Ratio 2010-2024 | PNW
- Pinnacle West Capital average quick ratio for 2023 was 0.7, a 5.41% decline from 2022.
- Pinnacle West Capital average quick ratio for 2022 was 0.74, a 10.45% decline from 2021.
- Pinnacle West Capital average quick ratio for 2021 was 0.67, a 11.67% increase from 2020.
Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.