Palantir Technologies Inc. Class A Common Stock (PLTR)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	2,098,520	768,710	512,659	520,388	831,417	1,040,310	1,055,920	1,264,740	2,598,540	2,411,290	2,358,390	2,269,410	2,290,670	2,335,070	2,341,160	2,339,440	2,011,320	1,800,190	1,497,590	-1,079,150
Short-term investments	US$ in thousands	3,131,460	3,795,950	3,485,800	3,347,510	2,843,130	2,243,260	2,047,330	1,639,800	35,135	57,342	99,210	252,563	234,153	148,077	—	—	—	—	—	2,158,310
Total current liabilities	US$ in thousands	996,018	943,456	806,919	750,553	746,018	688,925	685,384	601,413	587,941	688,350	665,742	669,104	660,061	681,509	682,586	667,626	603,823	942,187	604,116	—
Cash ratio		5.25	4.84	4.96	5.15	4.93	4.77	4.53	4.83	4.48	3.59	3.69	3.77	3.83	3.64	3.43	3.50	3.33	1.91	2.48	—

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,098,520K + $3,131,460K) ÷ $996,018K
= 5.25

The cash ratio of Palantir Technologies Inc. Class A Common Stock provides insight into the company's ability to cover its current liabilities with cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as it shows the proportion of current liabilities that can be covered by the company's cash on hand.

From the available data, we observe a consistent upward trend in Palantir's cash ratio over the analyzed periods, reflecting an improvement in its liquidity position. Starting from 2.48 on June 30, 2020, the cash ratio increased steadily, reaching 5.25 by December 31, 2024.

This positive trend suggests that Palantir has been effectively managing its cash resources, increasing its ability to meet short-term obligations without relying heavily on external financing or asset liquidation.

Overall, the increasing cash ratio of Palantir Technologies Inc. Class A Common Stock indicates a healthy liquidity position and a strong ability to cover its current liabilities with available cash.