Palantir Technologies Inc. Class A Common Stock (PLTR)

Current ratio

		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
Total current assets	US$ in thousands	5,351,960	4,773,510	4,436,060	4,138,620	3,809,400	3,576,910	3,256,150	3,041,580	2,946,610	2,902,440	2,927,370	2,863,250	2,811,490	2,662,550	2,589,700	2,257,430	2,394,420
Total current liabilities	US$ in thousands	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
Current ratio		5.67	5.92	5.91	5.55	5.53	5.22	5.41	5.17	4.28	4.36	4.38	4.34	4.13	3.90	3.88	3.74	2.54

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,351,960K ÷ $943,456K
= 5.67

The current ratio of Palantir Technologies Inc. Class A Common Stock has exhibited a generally increasing trend over the past quarters, indicating improved short-term liquidity and ability to cover its current liabilities with its current assets. As of September 30, 2024, the current ratio stands at 5.67, showing a healthy liquidity position. This ratio has improved compared to the previous quarter, where it was 5.92.

The company's current ratio has consistently remained above 1, which suggests a strong ability to meet its short-term obligations. The current ratio has shown volatility over the quarters but has generally trended upwards, indicating the company's potential to efficiently manage its working capital and meet short-term financial obligations.

It is important to note that while a high current ratio is generally positive, an excessively high ratio may indicate inefficiency in asset utilization. Therefore, a balance between liquidity and efficiency needs to be maintained to ensure optimal financial health.